NEVS AB (an abbreviated form of "National Electric Vehicle Sweden") is a Swedish electric car manufacturer which acquired the assets of Saab Automobile from a bankruptcy estate in 2012. NEVS is the trademark of the company's products including the first electric vehicle based on the 9-3 platform which was to start in 2017.

History

On 31 August 2012, NEVS acquired the main assets of the Saab Automobile bankruptcy estates. In December 2015 the company signed a strategic collaboration agreement with the Chinese company Panda New Energy, an energy

vehicle leasing A vehicle (from la, vehiculum) is a machine that transports people or cargo. Vehicles include wagons, bicycles, motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), railed vehicles (trains, trams), wate ...

company that focuses on limiting emissions. According to the agreement, NEVS will provide Panda with 150,000 9-3 sedan electric vehicles until the end of 2020. NEVS signed a

battery Battery most often refers to: * Electric battery, a device that provides electrical power * Battery (crime), a crime involving unlawful physical contact Battery may also refer to: Energy source *Automotive battery, a device to provide power t ...

contract with

Contemporary Amperex Technology Contemporary Amperex Technology Co. Limited (), abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage s ...

in 2017. In 2017,

DiDi Didi may refer to: Arts and entertainment * "Didi" (song), a song by Khaled * Didi, the principal character in ''Didi's Comedy Show'', a German comedy television show * Didi Pickles, mother of Tommy and Dil in the cartoons ''Rugrats'' and ''All ...

announced to place a SEK 4 billion order. However, the agreement was collapsed. In early 2019, NEVS acquired a 20% stake in

Koenigsegg Koenigsegg Automotive AB () is a Swedish manufacturer of high-performance sports cars based in Ängelholm, Skåne County, Sweden. Company The company was founded in 1994 in Sweden by Christian von Koenigsegg, with the intention of producin ...

for .

has since then bought the stake back from NEVS.

Owners and management

Chinese real estate conglomerate

Evergrande Group The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the ''Fortune'' Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai ...

, via its

listed Listed may refer to: * Listed, Bornholm, a fishing village on the Danish island of Bornholm * Listed (MMM program), a television show on MuchMoreMusic * Endangered species in biology * Listed building, in architecture, designation of a historicall ...

subsidiary: Evergrande Health Industry Group (Evergrande Health; SEHK:708), acquired 51% of the shares in NEVS in January 2019. In July 2020, Evergrande Health announced plans to privatizate NEVS by acquiring all the shares of NEVS. The company also announced a rebranding to China Evergrande New Energy Vehicle Group. In 2021, it was reported that Evergrande was deep in debt and so was trying to sell NEVS to various Chinese investment firms, such as the Xiaomi Consortium. If all of Evergrande's automobile division is sold to a new owner, it is likely that sister brand Hengchi will be the marque that will survive, as NEVS has struggled to put their version of the Saab 9-3 into production at their Tianjin plant.

Products

NEVS currently only sells vehicles in China.

Current vehicles

* 9-3 2012-2015 (under Saab name), 2017-present (under NEVS name), a

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electric Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by ...

sedan based on the

Saab 9-3 The Saab 9-3 (pronounced ''nine-three'') is a compact executive car initially developed and manufactured by the Swedish automaker Saab. The first generation 9-3 (1998-2003) is based on the GM2900 platform, changing to the GM Epsilon platfor ...

. * The Sango, a prototype self-driving 6 passenger vehicle for city mobility.

References

External links