NEVS

from Wikipedia, the free encyclopedia
National Electric Vehicle Sweden

logo
legal form AB (Aktiebolag)
founding 2012 as the successor to the insolvent Saab Automobile AB
Seat Trollhättan , Sweden
management Kai Johan Jiang (President), Stefan Tilk (Managing Director)
Number of employees 940
Branch Automobile manufacturer
Website www.nevs.com

National Electric Vehicle Sweden AB , abbreviated as NEVS , is a Swedish-Chinese manufacturer of electric vehicles . The company was founded in 2012 to acquire the bankruptcy estate of Saab Automobile . NEVS has been majority owned by the Chinese Evergrande Group since 2019 .

In 2014 NEVS lost the rights to use the Saab brand name ; In June 2016, the company announced that it would market newly produced and developed vehicles under its own name in the future.

history

Takeover of Saab by NEVS (2012-2013)

The newly founded company National Electric Vehicle Sweden (NEVS) took over the facilities and real estate of the previous Saab Automobile in June 2012, as well as the rights to their vehicles and the new Phoenix platform . NEVS wanted to develop electric cars in Trollhättan and bring them onto the market from 2014. The basis of the first vehicle, which was to be produced as an electric vehicle in addition to the version with a combustion engine from 2014, is the 9-3 Griffin from 2011.

After the negotiations with the aerospace and armaments company Saab AB had been concluded , new vehicles were to bear the Saab name, but not the old logo with the head of a bird of prey, as the owner Scania wanted to use it exclusively. In January 2013 a new logo was introduced, designed by the Stockholm Design Lab . It contains the traditional lettering, which is framed by a circle.

Resumption of production (2013-2014)

In August 2013, NEVS was confident that it would resume regular production of the Type 9-3 in Trollhättan in autumn 2013 and that it would develop further into an electric vehicle by 2014. Production of the pre-series vehicles started on September 18, 2013, and series production of the Saab 9-3 II Type YTN in early December 2013 ; After the planned presentation of the facelift model in 2014, exports were also planned again.
In May 2014, production of the 9-3 Aero was stopped due to liquidity problems. A Chinese shareholder, who held a 22% stake in NEVS, had withdrawn its financing commitments. As a result, there were insufficient funds available to continue production.

NEVS sold the spare parts business to the state-owned Orio AB (formerly Saab Automobile Parts AB ) at the end of 2014 , and at the same time a cooperation between the two companies was agreed. Orio AB produces spare parts in the old Saab factory in Trollhättan and looks after the supply of previous models with the necessary new parts.

Restructuring and relinquishment of the Saab brand (since 2014)

Initially, the production stop of the 9-3 II was only planned for a short time in 2014, but was then extended several times. At the end of August, NEVS applied for bankruptcy protection with the aim of restructuring. This was initially rejected, but approved in a further attempt. As part of the bankruptcy protection proceedings, the rights holder and former Saab Automobile owner Saab AB NEVS withdrew the rights to use the Saab brand name .

On March 23, 2015, NEVS was able to leave the bankruptcy protection after the company was forgiven of debts in the amount of around 32 million euros.
As a result, NEVS signed cooperation agreements with Dongfeng Motors and the semiconductor manufacturer Renesas and a development contract for the development of a car with Tübitak, the Turkish Institute for Scientific and Technological Research. In addition, it was possible to conclude preliminary contracts for the delivery of over 200,000 electric cars to Chinese leasing companies. The construction of a plant in Tianjin , China, was also planned as part of joint ventures .

In June 2016, the company officially announced that it would no longer use the Saab brand name in the future, but would instead market new vehicles under the NEVS name . The justification given was the desire to increasingly appear as a separate brand. In addition, however, NEVS had its trademark usage rights withdrawn by Saab AB during the 2014 creditor protection proceedings. The rights were not granted again even after the restructuring of the company. NEVS planned to deliver the first electric vehicles based on the Saab 9-3 from 2018. The target markets were initially China and Sweden.

Investments from China (2016-2018)

In autumn 2017, the new managing director of NEVS, Stefan Tilk, signed a preliminary contract with the Chinese driver service provider DiDi , which was to invest 500 million US dollars in NEVS to develop vehicles for its own fleet. According to media reports, however, DiDi closed the deal because of a cheaper offer from Beijing Automotive Group in summer 2018. Contracts with Volinco and Panda New Energy remained in place, however, so that NEVS aims to achieve a production capacity of 200,000 vehicles annually for the Chinese market.

In March 2018 it was announced that the Chinese investment group GSR Capital is investing 500 million US dollars in NEVS to develop and produce batteries in Trollhättan and China. GSR Capital had already taken over the battery division from Nissan in 2017 .

Evergrande joins and partnership with Koenigsegg (since 2019)

On January 15, 2019, NEVS announced that the Chinese conglomerate Evergrande would take over 51 percent of the shares in NEVS through its subsidiary Evergrande Health Industry Group. In addition to the existing plants in Trollhättan and Tianjin , another plant will be built in Shanghai , according to NEVS .

On January 29, 2019, NEVS and Koenigsegg announced that NEVS is taking over 20 percent of the shares in the Swedish sports car manufacturer from Ängelholm for the sum of 150 million US dollars . Both companies are also entering into a “strategic partnership”. NEVS is investing another 150 million US dollars in a joint project in which the company holds 65 percent and Koenigsegg 35 percent. The company's aim is for Koenigsegg to use the production and sales capacities as well as the supply chains of NEVS and Evergrande in Trollhättan and China, and both companies are to bundle their know-how and develop joint vehicle platforms.

Cooperation with Sono Motors (since 2019)

On April 17, 2019, the Munich-based company Sono Motors announced that the Sion vehicle should be produced as contract manufacturing at NEVS in Trollhättan from the 2nd half of 2020.

Due to the uncertain financing situation for the project, the start of production in December 2019 was postponed until the end of 2021.

Ownership structure

National Modern Energy Holdings Ltd., founded in 2004, was the main shareholder of NEVS until 2019 . (NME), a British Virgin Islands registered and Hong Kong based holding company that primarily owns companies active in the renewable energy sector. NME is owned by the Sino-Swedish businessman Kai Johan Jiang. Since January 2019, NEVS has owned 51 percent of the Chinese Evergrande Group and 49 percent of Kai Johan Jiang's NE Holding.

Web links

Individual evidence

  1. ↑ saabblog.net: NEVS Phoenix 1.1 and Phoenix E August 25, 2016
  2. ↑ nevs.com: NEVS launches its new trademark ( Memento of 14 September 2016 Internet Archive ), 21 June 2016
  3. ↑ zeit.de: Saab should only build electric cars , June 13, 2012
  4. ↑ ORF.at: Saab car brand is planning a comeback on August 21, 2013
  5. ↑ spiegel.de: Start of production in autumn: Saab is planning a comeback , August 21, 2013
  6. ↑ n-tv.de: Production at Saab is suspended May 20, 2014
  7. ↑ saabblog.net: Saab production stop May 20, 2014
  8. ↑ orio.com: Orio acquires all the supplier-based Nevs tools for production of spare parts for Saab cars , December 18, 2014
  9. ↑ sabblog.net: NEVS production stop extended July 15, 2014
  10. ↑ n-tv.de: Saab is threatened with the end of August 28, 2014
  11. ↑ n-tv.de: Saab refuses carmaker the name August 29, 2014
  12. ↑ europe.autonews.com: Saab carmaker NEVS granted creditor protection by court but loses right to use Saab name August 29, 2014
  13. ↑ heise.de: Saab owners can leave bankruptcy protection April 15, 2015
  14. ↑ saabblog.net: Business year 2015 summary , April 27, 2016
  15. ↑ nzz.ch: Stuttering Nevs cooperates with Dongfeng Motors August 17, 2015
  16. ↑ renesas.com: Renesas Electronics and Nevs Sign Strategic Partnership Agreement November 6, 2015
  17. ↑ nzz.ch: New life for Sweden's former Saab car factory December 19, 2015
  18. ↑ saabblog.net: Business year 2015 summary April 27, 2016
  19. ↑ a b nevs.com: NEVS launches its new trademark ( memento of September 14, 2016 in the Internet Archive ), June 21, 2016
  20. ↑ autobild.de: No new Saab June 21, 2016
  21. ↑ europe.autonews.com: Saab name won't be revived under Chinese owners January 30, 2016
  22. ↑ nevs.com: FAQ October 30, 2017
  23. ↑ The mega-order between Didi and NEVS is canceled? April 12, 2018, accessed March 9, 2019 (German).
  24. ↑ Cornelius von Tiedemann: What does Saab actually do? In: The North Schleswig. Retrieved December 3, 2016 .
  25. ↑ Fred Lambert: Faraday Future investor plows $ 2 billion into NEVS - SAAB's all-electric successor. In: Electrek. January 15, 2019; Retrieved March 9, 2019 (American English).
  26. ↑ NEVS - GSR Capital - new major investor in NEVS. Retrieved March 9, 2019 .
  27. ↑ GSR Capital - Building World Class New Industries （www.gsrcapital.com）. Retrieved March 9, 2019 .
  28. ^ NEVS - Evergrande Group new main owner in NEVS AB. Retrieved March 9, 2019 .
  29. ↑ Koenigsegg to embark on evolutionary journey for future growth. In: Koenigsegg. January 29, 2019. Retrieved March 9, 2019 (American English).
  30. ↑ Press release Sono Motors. April 17, 2019, accessed on April 29, 2019 (German).
  31. ↑ FOCUS Online: Sono Motors Sion: Start postponed, company needs money. Retrieved January 28, 2020 .
  32. ^ NEVS - Evergrande Group new main owner in NEVS AB. Retrieved March 9, 2019 .