NATIONAL ELECTRIC VEHICLES SWEDEN – NEVS
PREVIOUSLY KNOW AS SAAB
National Electric Vehicles Sweden (NEVS), a Chinese-owned company, acquired the SAAB brand from bankruptcy in 2012. The entity itself ran into financial troubles in 2014 when the Chinese shareholder, Qingbo Investment stopped providing working capital. In 2014 Mahindra from India acquired the majority shareholding in the company enabling 100 SAAB 9-3 EV’s stuck on the production line to be completed. In 2016 the company announced a $1 billion transaction to supply Chinese aerospace company Volinco with 20,000 Saab 9-3’s as a fleet for its staff. The transaction will be over three years, beginning in 2017. The company earlier announced an agreement with Panda New Energy, a Chinese company to supply it with 150,000 Saab 9-3’s, worth $12 billion. NEVS announced in June 2016 that it will not use the SAAB trademark any longer.
The Chinese shareholder in NEVS Chinese shareholder Guoneng Electric Vehicle Sweden Corporation, is Guoneng New Energy Automobile Corporation. The Guoneng New Energy Automobile Corporation has invested three billion yuan ($483.9 billion) in the production facility in the Tianjin Binhai Innovative and High-Technology Area. The project is expected to be completed in the first half of 2016 and go into operation in 2017.
NEVS EV MODELS
SAAB 9-X SUV EV
NEVS EV SALES
Go to our detailed breakdown of Global EV Sales to see how the NEVS electric car strategy fares to its competitors in the fast-growing EV market.
NEVS ELECTRIC VEHICLES IN THE NEWS
2017 Week 22 - NEVS introduces the NEVS 9-3 EV in pilot mobility program
Swedish-based mobility company NEVS launches a city mobility pilot program with support from Tianjin Binhai Hi-tech Industrial Development Area (THT). The program offers car-sharing and ride-hailing solutions in Tianjin city, with 15 million inhabitants. The users will get access to all NEVS 9-3 EV series. With this green technology collaboration, the ambition is to pave the way for a new type of mobility solutions for modern and sustainable cities.
NEVS further announced that it is bringing a second model to life, an SUV EV, to fulfill the growing demand for electric SUV in the country. The new vehicle is called the NEVS 9-3X SUV.
2017 Week 4 - Received approval for its plant in Tianjin
1.The Chinese-owned NEVS, who acquired SAAB technology after the company filed for bankruptcy in 2012, announced this week that it received approval for its 200,000 unit plant in Tianjin. Earlier in 2015, the company declared that the Chinese Aerospace entity, Volinco, signed an intention to acquire 20,000 SAAB 9-3 sedans for its staff, in a transaction worth around $1 billion. The City of Tianjin is also a shareholder in National Electric Vehicles Sweden (NEVS).
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