In 2012, NEVS, National Electric Vehicle Sweden, bought the remains of Saab. NEVS, which has since gone bankrupt, was owned by the Chinese real estate giant, which this week itself declared bankruptcy.
It is a company that accounts for a quarter of China's gross domestic product, GDP, that was declared bankrupt yesterday by a court in Shanghai.
Reuters writes that.
Evergrande, which is actually a real estate company, both has and has had much more in its portfolio. Among other things, the Chinese bought 51 percent of NEVS, National Electric Vehicle Sweden, in 2019.
NEVS had a few years before – more precisely in 2012 – bought the remains of the bankrupt Saab from American General Motors.
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The plan was for NEVS to restart production at the former Saab Automobile factory in Trollhättan. However, it never really came to fruition.
And in 2014, NEVS lost the rights to the Saab name. However, before Evergrande itself was declared bankrupt, the giant company itself closed NEVS in March 2023.
At that time, 320 out of 340 remaining employees were fired. However, it was in the hope of finding a buyer. Which happened.
Because the rights to a car that NEVS managed to devise in just 9 months have since been sold to a Lebanese company. Read more about it here .
