NAMESa Swedish electric vehicle An attempt by the most widely recognized startup to restart the production of Saab cars at the beginning of the last decade was halted this month.
In a terse statement on the NEVS website, the company said it was shutting down its production development operations as part of a “hibernation plan.” The company also said it is interested in selling its properties.
Automobilwoche (subscription required) reported last week that Polestar had bid to use a former Saab R&D facility in Trollhättan, Sweden, to develop electric powertrains.
NEVS was most recently owned by the Evergrande Group, the Chinese conglomerate whose main property development arm entered financial trouble in 2021 due to more than $300 billion in debt. At the time the funding ran out, NEVS began looking for a buyer.
Evergrande has managed to stay afloat, and another electric car startup in late 2022 Hengchibegan customer deliveries of vehicles in China.
NEVS also planned to launch its own electric vehicles, but later focused on developing mobility services. including self-driving taxi service.
NEVS originally acquired Saab’s assets in 2012 after the automaker went bankrupt the previous year. The original plan was to continue manufacturing Saab cars in Sweden and China, and NEVS succeeded in doing so. briefly restarts production of the Saab 9-3 In 2013, production at Saab’s own plant in Trollhättan ceased less than two years later after NEVS ran out of funds.
NEVS then you have lost your rights to use the Saab name (the rights are owned by a consortium that includes the Swedish defense group also known as Saab) in 2014 and then tried to launch electric vehicles. under his own name but in the end it didn’t work out.
This article was originally published by Motor Authorityeditorial partner ClassicCars.com
