News & ReviewsLast 7 days
CarAdvice

NEVS

  1. Home
  2. Tag
  3. NEVS
NEVS brand launched, bid to revive Saab abandoned
News
21st Jun 2016
2 min read

NEVS brand launched, bid to revive Saab abandoned

New Electric Vehicle Sweden (NEVS) has officially conceded defeat in its battle to regain rights to the Saab name for use on its cars. Overnight, the Chinese-backed car maker announced that from 2017 it will begin producing vehicles based on the Saab 9-3 platform, including an electric vehicle.
Profile picture of Derek Fung
Derek Fung
Saab 9-3 licensed to Turkey for its new national car
News
17th Oct 2015
2 min read

Saab 9-3 licensed to Turkey for its new national car

National Electric Vehicle Sweden (NEVS) has licensed the Saab 9-3 to Turkey to use as the basis of its new national car project. Fikri Isik, Turkey's science, industry and technology minister, told TRT, Turkey's government-backed national television network: "We bought Saab 9-3’s intellectual property rights, but not its name. The brand will be a Turkish brand, it will not be Saab. We will develop the technology in Turkey."
Profile picture of Derek Fung
Derek Fung
NEVS enters administration, loses rights to Saab name
News
29th Aug 2014
2 min read

NEVS enters administration, loses rights to Saab name

National Electric Vehicle Sweden (NEVS) has been granted creditor protection by a Swedish court, as negotiations with other car makers drag on. On Thursday, Swedish time, NEVS had its initial application for bankruptcy protection rejected. According to Reuters, NEVS’ plans to secure funding were dismissed because they were "vague and completely undocumented".
Profile picture of Derek Fung
Derek Fung
Saab strengthens Chinese ties with $290m partnership deal
News
9th Jan 2013
1 min read

Saab strengthens Chinese ties with $290m partnership deal

New Saab owner National Electric Vehicle Sweden (NEVS) has signed a partnership worth $291 million with the City of Qingdao in China's Shandong province giving the city a stake in the Hong Kong-owned manufacturer. To be made in successive stages through its investment company Qingdao Qingbo Investment Co. Ltd., Qingdao’s two billion Swedish Krona investment in NEVS will equate to a 22 per cent ownership of the Swedish-headquartered car maker.
Profile picture of David Zalstein
David Zalstein
No more articles