Posts Tagged: National Electric Vehicle Sweden

NEVS/Evergrande acquires motor maker Protean Electric

Evergrande Health subsidiary National Electric Vehicle Sweden (NEVS) has acquired in-wheel motor technology company Protean Electric. Founded in 2008, Protean Electric prioritized the development of its ProteanDrive in-wheel motor technology, which combines power electronics and a direct-drive electric motor. The company holds over 160 patents on electric motors and power electronics design, control and production…. Read more »

NEVS and DiDi develop EV optimized for self-driving mobility services

NEVS, former owner or the Saab brand, has formed a strategic partnership with mobility service provider DiDi Chuxing to develop an EV that’s optimized for a self-driving, on-demand mobility service. The first vehicle used in the cooperation will be the NEVS 9-3. DiDi Chuxing, which acquired Uber China in August 2016, offers a range of… Read more »

NEVS moves 9-3 series EV closer to production

Swedish/Chinese EV maker NEVS, heir to the Saab brand, will display its new 9-3 series EV at this week’s CES Asia in Shanghai. The company says the 9-3 has already been through comfort, ride and handling testing, and will be brought to market in 2018. It claims to have 150,000 orders from Chinese companies already…. Read more »

NEVS secures battery supplier for a quarter million Chinese EVs

Swedish/Chinese EV-builder NEVS has signed an agreement with Contemporary Amperex Technology (CATL) to secure the battery supply for its new EV in the Chinese market. And what a market it is. NEVS has received from the Beijing auto leasing firm Panda New Energy for 250,000 EVs (for comparison, the total number of plug-in vehicles sold worldwide last… Read more »

NEVS loses rights to build EVs with Saab brand name, continues with big growth plans

Saab AB, the Swedish aerospace company that owns the Saab brand, won’t allow its name or logo to be used on cars produced by National Electric Vehicle Sweden (NEVS), the Chinese-backed firm that bought the assets of bankrupt Saab Automobile in 2012. “We have revoked their right to use the brand name,” and the matter… Read more »

NEVS (former Saab) sells 150,000 EVs to Chinese leasing firm

National Electric Vehicle Sweden (NEVS), the successor to the Saab brand, has formed a strategic collaboration with the Chinese company Panda New Energy, under which NEVS will provide Panda with 150,000 9-3 electric sedans through the end of 2020, as well as other EV-related products and services. The total value of the agreement is 78… Read more »

Saab successor hooks up with Dongfeng to build new energy vehicles

The future of Saab lies in China. National Electric Vehicle Sweden (NEVS), which inherited the Saab brand in 2012, and has been laboring like a mythical Nordic hero to bring it back to life as an EV, has signed a strategic cooperation agreement with the giant Chinese automaker Dongfeng Motor Corporation. Dongfeng will help NEVS… Read more »

Saab joint venture plans Chinese EV factory

The saga of Saab recently entered a new chapter, as its parent company, National Electric Vehicle Sweden (NEVS) made an alliance with two state-owned Chinese organizations. Motor Authority reported that the Tianjin Binhai Hi-tech Industrial Development Area (THT) and the Beijing State Research Information Technology Company (SRIT) will pay a total of $200 million for… Read more »

Saab to be bought by Mahindra?

National Electric Vehicle of Sweden (NEVS), which has been laboring mightily to bring the Saab brand back to life as an EV, says that an Asian automaker is planning to buy a majority stake in the company. In a reorganization application filed with a Swedish court, NEVS said that it has signed a letter of… Read more »

Saab’s new owner: We’re not insolvent, and we have a plan to resume production.

National Electric Vehicle Sweden (NEVS), the company working to resurrect the Saab brand as a pure EV, may have stalled, but it isn’t ready for the junkyard just yet. The company issued a statement this week saying that it is not technically insolvent – its assets are larger than its debt, and its suppliers will… Read more »