Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

1

Saab will rise again as an EV

By FaezClutchless on 21 Jun 2012

Attached Image

After months of reports from Saab’s bankruptcy filing up to the numerous bids from various auto companies for Saab’s remaining assets, the Saab saga is now virtually over. Saab has finally found new ownership under National Electric Vehicle Sweden or NEVS in short.

Attached Image

You could say that Saab will breathe once again but this time round it would not be as a producer of front- wheeled drive, turbocharged luxury cars. Instead it will be focused on electric vehicles.

The Chinese-Swedish group, National Electric Vehicle Sweden, is led by Hong Kong renewable energy power plant manufacturer National Modern Energy Holdings Limited and they have the financial backing from Japan’s Sun Investment. NEVS plans to develop and produce electric cars in Saab’s hometown of Trollhattan.

Attached Image

At a recent press conference, NEVS chief Karl Johan Jiang has confirmed that the group will use the Saab name and first NEVS Saab will be an electric vehicle based heavily on the existing General Motors developed Saab 9-3. From there onwards, the group plans to resume development of the Phoenix platform that was started when Saab was owned by Dutch company Spyker.

National Electric Vehicle Sweden plans to release the Saab 9-3 EV by 2014 and their first market target is China. The deal which NEVS signed with the bankruptcy court does not include the intellectual property rights to the 9-4x or 9-5, which both relies heavily on General Motors technologies. Just how much NEVS paid for the rights to the Saab name, factory, tooling company and the 9-3 architecture has not been disclosed.

Photo credit: Net Car Show

other news, europe, china, japan and 11 more...

Viewed: 1,151 times

Related Blog Posts
FaezClutchless
Written by FaezClutchless
Some say that his blood is actually RON98 petrol and some say that his right foot weighs over 20kg. But all that we know about Faez is that he loves to drive and is a JDM enthusiast.



  • 1
  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
The guide, while not mandatory, comes amid rising car complaints, mainly about defects. It is dev...
POPULAR BLOG POSTS
Photo
Toyota has previewed its all new Camry in Japanese guise and along with the preview, some availab...
Photo
New ST badged hot Ford supermini will appear early in the eighth generation car's lifespan, s...
Photo
Ferrari boss Sergio Marchionne is keen to keep its V12 engines despite global pressure from envir...
Photo
The new model will be called the BMW i8 Roadster and we’ll see it sans the crocodile skin camoufl...
Photo
Things are looking very well for British sports car manufacturer. Its new model, Griffith, has al...
   Lifestyle Articles