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“The base is Trollhättan” – Karl-Erling Trogen on P4 Väst

January 8, 2013 in NEVS, News

There will soon be a press release by NEVS on the Chinese joint venture. Meanwhile Karl-Erling Trogen talked to P4 Väst:

    - We have after a long period of negotiations, which started in October, announced an agreement with Qingdao Municipality that they take over a 22-percent share in Nevs, says Karl-Erling Trogen, chairman of Nevs.

    - There are two main purposes, we have a strong financial partner, so that we can fulfill our business plan, and the second is that we get access to the Chinese market.

    According Nevs Qingdao will through its investment company invest two billion SEK in Nevs as a start. Qingdao will after an issue of new shares take a 22 percent stake in Nevs.

    Further investments will be made in a joint venture in China.

    - Vehicles based on new energy are the future. Qingdao will take an active role in this development, says Qingdao Mayor Zhang Xingi in the Nevs press release.

    The agreement ensures that Nevs is prepared for an expansion in China as demand grows. Before that, production in Trollhättan is close at hand.

    - The base of our business is in Trollhättan and to provide customers with cars from Trollhattan, but further expansion will take place in Qingdao, a gradual build that will go in line with customer demand. But the base is Trollhattan, says Karl-Erling Trogen.

    Trollhättan is still the headquarter for product development and production under Nevs, but Qingdao will be the hub for Nevs focus on China as a market.

To me this does not sound bad at all. It’s a step towards new life in the Trollhättan factory plus a partner and an entry into one of the most important markets.

10 responses to “The base is Trollhättan” – Karl-Erling Trogen on P4 Väst

  1. “Before that, production in Trollhättan is close at hand” I read this as about to re-start …… confirmed?

    I am very happy!

    Griffin Up!!!

    • Sorry, that was me trying to contribute a better translation. I think the gist of this is that before they start production in China, they will get THN up and rolling. THN takes priority so to speak.

      An official press release is imminent as I understand it.

  2. “To me this does not sound bad at all. It’s a step towards new life in the Trollhättan factory plus a partner and an entry into one of the most important markets.” Yes, and I think what I wrote on the previous thread might be true—-that in time, the factory in China might give Saab the flexibility to do some great things with regard to pricing—-for export. This news is good. We won’t TRULY know if it’s GREAT news until years from now. But I think it’s positive.

    • I defer judgement until the first NEVSaab is sold anywhere else than in China.

      • Gerrit: That is the prudent thing to do. I guess I’m “predicting” more than judging. I hope NEVS gets something good together soon—-and I truly hope they do sell Saabs in the U.S. again—-and that they start planning that now. I know their plan is to begin in China—-but I hope we’re not far behind. It’s scary because when Peugeot pulled out of the U.S. around 1991 or 1992—–their Chairman said that you “can’t be a serious player in the automotive world without a presence in North America—-and the U.S.” and he said Peugeot was on hiatus—-but would be back. Well, that was about 20 years ago. I hope Saab is back in a few years at the most—-not 10 or 20. I really am interested in buying another new Saab someday in the not too distant future.

  3. Bring us the official Press Release as soon as it hits the press in Sweden, please.

  4. The whole thing is headed to China.

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