DI.se is the only source of this piece of News, so don’t get too excited about it, but this could be the missing link in the whole NEVS story.
Saab’s new major shareholder Kai Johan Jiang said at Wednesday’s press conference that the owner company Nevs secured financing of 7 billion Crowns to manufacture and develop electric cars.
7 billion Crowns are about 997 Million USD, so it is a big amount of money. But it won’t last forever, so they will have to sell cars to keep Saab afloat, and maybe they won’t be able to sell enough EV’s
Development and production of electric cars will also be supplemented with traditional car manufacturing facility in Trollhättan. These cars would be equipped with low carbon output [engines]. It says sources told Dagens Industri on Thursday.
This sounds interesting, but it is not confirmed.
A collaboration with Indian Mahindra said to be an opportunity and facilitate the possibility of access to the Saab brand, as India is the defense group Saab’s most important markets. Nevs have not yet cast got right to the trademark Saab and negotiate with Scania and defense group Saab on the matter.
Di’s sources assume that the Indian company in a partnership will be responsible over the complete development of the Saab Automotobiles Phoenix Platform. The platform used for the production of the new Saab 9-3, designed by designer Jason Castriota. About 40 percent of the development work to be done, for a cost estimated at nearly 2 billion.
The new Saab 9-3 fuel-powered car is expected to hit the market just over two years.
They are saying, that because Saab AB and M&M already collaborate in India, NEVS will try to get M&M on-board to build petrol-powered Saab cars, and use the contacts between M&M and Saab AB to get access to the SAAB brand name.
As I’ve said before, this is not news as words like “assume” can be found in the text, but in the last months I have noticed that when you saw some smoke, there has always been a fire behind.