NEVS
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The rights to the striking NEVS Emily GT electric sedan have been sold to EV startup EV Electra.
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Stillborn NEVS Emily GT features in-wheel motors, Saab cues
Meet the NEVS electric sedan that impressed Christian von Koenigsegg.
Viknesh Vijayenthiran -
Company that once tried to save Saab has shut down
NEVS has gone into hibernation a decade after its battle to save Saab.
Viknesh Vijayenthiran -
Sweden's NEVS seeks new owner in light of parent company Evergrande's financial woes
The Chinese parent of NEVS is loaded up on debt and could default any day now.
Viknesh Vijayenthiran -
Xiaomi reportedly in talks with Evergrande over purchase of car unit that includes NEVS
Xiaomi has already overtaken Apple in smartphone sales and is now looking to jump into the EV game.
Viknesh Vijayenthiran -
NEVS owner launches Hengchi brand, 9 EVs at Shanghai auto show
Cashed-up EV startup Hengchi has just unveiled nine vehicles but is planning even more.
Viknesh Vijayenthiran -
There's hope yet for the former Saab plant in Trollhättan, Sweden.
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China's Evergrande commits $6.4B to become EV force
Evergrande Group will establish the EV brand Hengchi whose first model is due in 2020.
Viknesh Vijayenthiran -
The last production Saab sells for $47,850
Saab's last production car was built in 2013 and only driven 43 miles since it rolled off the line.
Viknesh Vijayenthiran -
NEVS buys developer of in-wheel electric motors
Swedish electric car startup NEVS is working a range of cars that could feature in-wheel motors.
Viknesh Vijayenthiran -
Saab's Chinese owner partners with Koenigsegg, purchases 20-percent stake in supercar maker
China's NEVS purchased the remnants of Saab years ago, and now the company has taken a stake in another Swedish automaker. NEVS announced it has purchased a 20-percent stake in Koenigsegg and partnered to create a new joint venture between the two companies. In the Tuesday announcement, the Chinese...
Sean Szymkowski -
Faraday Future investor buys EV startup that took over Saab
China's Evergrande Group, a key investor in U.S.-based Faraday Future, announced Tuesday it has acquired a controlling stake in NEVS, the Chinese-backed, Swedish company born out of the ashes of Saab. In a statement, Evergrande said it acquired 51 percent of NEVS in a quest to diversify into the...
Viknesh Vijayenthiran -
Production of the Saab 9-3 has restarted for the second time, only this time the cars are being built in China, feature electric powertrains, and are to be sold under the NEVS brand. The first NEVS 9-3 rolled off a plant in Tianjin, China on Tuesday, marking an important step in NEVS’s plan to become a leading provider of sustainable mobility services. NEVS’s plant currently has the capacity for 50,000 cars per year but this is to be lifted to 220,000 cars eventually. The NEVS 9-3 is essentially the former Saab 9-3 with an electric powertrain that NEVS describes as a...
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NEVS partners with Chinese ride-sharing giant Didi Huaxing, Beijing tech firm
Chinese-backed, Swedish-based NEVS has forged two new alliances as it prepares to start production of electric cars based on former Saab platforms. NEVS’s goal is to become an electric car company and provider of mobility services. One of NEVS’s future mobility services is likely to be...
Viknesh Vijayenthiran -
NEVS presents 9-3, 9-3X electric cars at 2017 CES Asia
NEVS on Wednesday at the 2017 CES Asia taking place in Shanghai, China previewed a pair of electric cars destined for production and outlined a new mobility program to be run in the Chinese port city of Tianjin. NEVS is the company that bought the assets of Saab following the Swedish firm’s...
Viknesh Vijayenthiran -
NEVS presents InMotion self-driving city car concept at 2017 CES Asia
NEVS on Wednesday unveiled the InMotion self-driving city car concept at 2017 CES Asia in Shanghai, China. The concept is NEVS’s vision of a car devoid of a steering wheel and pedals, i.e. a Level 5 self-driving vehicle, and signals the company’s intention to compete in the mobility...
Viknesh Vijayenthiran -
NEVS to develop electric cars with Chinese automaker Iconiq
NEVS, the Chinese-backed electric car brand born out of the bankrupt remains of Saab, has announced it will develop cars with Chinese electric car startup Iconiq. The two firms are forming a joint venture to develop as well as manufacture electric cars for their respective brands at a plant...
Viknesh Vijayenthiran -
Saab 9-3 production to live on… in China
Production of the Saab 9-3 sedan will restart for the second time, only this time around the cars will be sold under the NEVS brand, feature electric powertrains and be produced in China. NEVS, which bought the assets of Saab following the Swedish firm’s bankruptcy in late 2011, and briefly...
Viknesh Vijayenthiran -
The long battle to restore Saab as an automaker is over, with the owner of the assets of the former Swedish automaker, National Electric Vehicle Sweden, confirming today that its future cars will be sold under the new brand NEVS. The news will be sad for Saab fans all over the globe though at least now the automaker can finally be laid to rest. After all, concerns over Saab’s fate date back to General Motors Company’s [NYSE:GM] bankruptcy days late last decade. While NEVS, a Swedish firm with Chinese backers, was able to acquire most of Saab’s assets following the Swedish...
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Saab owner NEVS previews 4 next-gen vehicles
Having managed to stave off its own bankruptcy by partnering with a handful of government-backed entities in China, National Electric Vehicle Sweden (NEVS), which acquired the assets of bankrupt automaker Saab in 2012, is now flush with cash and ready to proceed with its plans to launch a new...
Viknesh Vijayenthiran -
Cash shortage causes NEVS to stop Saab production
Since acquiring the assets of Saab back in 2012, NEVS has started production of the 9-3 sedan at the Swedish automaker’s plant in Trollhättan and even fulfilled its promise to launch an electric version of the car, production of which started just last month. Unfortunately, NEVS has...
Viknesh Vijayenthiran -
NEVS close to restarting Saab production
With NEVS’ acquisition of Saab and some of the bankrupt automaker’s remaining assets complete, the consortium, made up of Chinese and Japanese interests, is now focused on the launch of its first model. The plan is to start production at Saab’s main facility in Trollhättan...
Viknesh Vijayenthiran -
Chinese city buys stake in Saab’s new owner NEVS
Saab’s new owner National Electric Vehicle Sweden (NEVS) has just entered a deal with the city of Qingdao, located in China’s Shandong-province, which will see the coastal city become the strategic gateway for Saab’s cars in China. Qingdao, via its Qingdao Qingbo Investment...
Viknesh Vijayenthiran -
NEVS finalizes Saab acquisition, gets permission to use Saab name
Following its announcement in June to acquire the remaining assets of bankrupt Swedish automaker Saab, as well as the assets of subsidiary firms Saab Powertrain and Saab Tools, National Electric Vehicle Sweden (NEVS) has confirmed today it has finalized the acquisition process. One key asset NEVS...
Viknesh Vijayenthiran