Press Release: Nevs grows with two Chinese strategic part owners

Together with two new Chinese part owners Nevs will establish its second global factory with focus on electric vehicles and a second global research and development center in the city of Tianjin, neighboring Beijing City and Hebei Province, three highly-integrated economic regions with a population over 100 million.

With the new part owners, Tianjin city’s Tianjin Binhai Hi-tech industrial Development Area (THT), and the Beijing State Research Information Technology Co., Ltd. (SRIT), Nevs has got two new strategic partners.

Tianjin is one of the biggest coastal cities in China and has significantly promoted new energy vehicles both in the form of consumer subsidies and official procurements.

The Tianjin city’s fast growing national level demonstration zone THT embraces a long history of automotive industry. Here is where the joint venture production plant will be built. This will give Nevs a strong foothold on the increasing EV market in the area and China, as well as provide Nevs access to the existing automotive supplier base in the region.

SRIT is a pioneering IT service provider owned by China’s Research Development Center of the State Council, and the telecommunications giant China Unicom.

As software services and connectivity as well as new energy vehicles are the major and increasing trend within the automotive industry, the cooperation with SRIT and its owners will give Nevs a unique possibility to place itself at the forefront of connectivity for the future. SRIT as a partner will also open up more opportunities for Nevs.

The first car that will be produced in the plant in Tianjin is an electric vehicle based on Nevs’ technology, followed by a diversified EV and portfolio of battery electric vehicles and EVs based on Nevs’ new developed vehicle architecture.

“Nevs’ focus is to produce high quality electric vehicles with China as its initial main market. The long-term cooperation with the development area THT in Tianjin and the IT pioneer SRIT will help us achieve our vision and our goal of a global strategic presence and is an important addition to the resources we have in Trollhättan”, says Nevs president Mattias Bergman.

Mikael Östlund
Director Communications and Public Affairs

Piet-Hein S.
Member
1 year 3 months ago

great news of course. but what does it mean for the plant and people in THN? will there be cars rolling off the line and if so, what brand will they be?

RS MOTORSPORT
Member
1 year 3 months ago

This is finaly the end for Saab cars. No more future. Sorry to write, but stupid swedish people… The main thief was Victor Muller. Today is the darkest day…

hans h
Member
1 year 3 months ago

Don’t call me stupid.
We do not know where this will end, and neither did Victor Muller.

RS MOTORSPORT
Member
1 year 3 months ago

No swedish people, but stupid responsible swedish people for saab sale…

maanders
Member
1 year 3 months ago

You cannot call Muller “the main thief”. If he/Spyker had not fought to buy Saab when GM wanted to shut it down, GM would have continued and shut Saab down at that point (just like they did with Saturn, Pontiac and Hummer). Victor Muller was not successful trying to keep Saab going, but he is hardly a “thief”.

saaburban
Member
1 year 3 months ago

NEVS. Maybe an e-vehicle w sophisticated intuitive interface, leasable battery pack, scandinavian design n safety, w chinese pricing, can compete.
If the saab name is not available, then use the second best thing:
Sonett 9x-turbo.

Angelo V.
Member
1 year 3 months ago

And sell them in China and ignore the rest of the planet? Unless us Saab fans learn Mandarin and move to China, this is hardly good news. And it probably won’t get off the ground anyway.

E. Boon
Member
1 year 3 months ago

Live and let live. The road that NEVS is about will have less and less to do with SAAB cars. Perhaps someday an existing European car manufacturer will knock on the door of SAAB AB to license the brand name and logo. Until that happens I am quite happy with my new Benz. My good old SAAB went from Holland to the 2nd hand export market in Lithuania and today probably has a mysterious low millage on the clock 🙂

Saabgun
Member
1 year 3 months ago

Hiphip Hoera, and where is Saab in all this? Everybody is cheering but what with our beloved brand ? Awith As I understand it this is the end of Saab as a car brand.

aeroo
Member
1 year 3 months ago

Oh really another non event based on nothing of substance …………

Red J
Member
1 year 3 months ago

Really?
Rumours where talking about an agreement with a technology partner to develop the NEVS platform and build cars. This seems to be it. But I know, you where expecting something different based on vapour and rumours. People that still believe in SAAB as a car brand have to wait further till the talks with a new majority owner are finished.

But hey, if you want, you can do as wfg.

wfg
Member
1 year 3 months ago

Ok guys, I am out!

Mailr
Member
1 year 3 months ago

According to this one, we’re still waiting for the bigger announcement of a new majority owner, somewhere in the near (?) future. http://www.svd.se/nya-kinesiska-agare-in-i-nevs#xtor=AD-500-%5Bsvd%5D-%5Btf_huvudspalt_1505%5D-%5Bintegration%5D-%5Baftonbladet%5D-%5Bettan%5D-%5B29%5D

kochje
Member
1 year 3 months ago

I hope there is something true in this article while the announcement of NEVS today only speaks about the two Chinese partners which will invest in a factory in China.
No word about the future of the facilities in Trollhattan nor about the community over there.
I feel only bad about this announcement that seems probably a good financial deal but nothing good so far for Saabists in the world.

Saabgun
Member
1 year 3 months ago

+1

Mailr
Member
1 year 3 months ago

Something has happened overnight. The comments from Fredrik Sidahl has been completely removed from the news article, as well as from several other similar new articles in other newspapers (but the old versions are still visible through other services).

I guess that means a confirmation of the message that there is no new majority owner and it seems that Nevs is basically reverting to something similar to their pre-Qingdoa business plan, as stated in this article that came this morning (swedish): http://ttela.se/ekonomi/saab/1.4014958-nyanstallningar-vantas-pa-nevs

Bréanainn
Member
1 year 3 months ago

I have been hopeful for so long sorry to sound so negative but this is like watching someone in a deep coma who is probably going to die anyway is it just time to switch the “life” support off once & for all ?

aeroo
Member
1 year 3 months ago

So Saab AB are going to approve a new Saab badged car ……. with the blowback from the previous failures not likely… maybe you should run a clone site called NEVS United …. and keep this site for just Saab owners it would work and keep the flame alight

Angelo V.
Member
1 year 3 months ago

NEVS United. LOL. Where there’s NEVS, there’s no unity.

SaabKen
Member
1 year 3 months ago

“Where there’s NEVS, there’s smoke & mirrors.”

….. and not much else.

Mailr
Member
1 year 3 months ago

Now your’re a bit unfair. the fact that NEVS hasn’t turned out to be what was hoped for (yet?) doesn’t mean they haven’t done anything. They have been keeping the Phoenix development going, and KJJ has put a fair amount of money into the business, although not high by automotive standards it’s still substantial amounts.

Although the future may not look all that bright for the moment, there is still plenty of life. Which means that it’s far from that fat lady singing yet. A lot can happen in a few years.

juho
Member
1 year 3 months ago

PEOPLE! ALERT!
We need new Save Saab-campaing !!!
Thats aint good future. I think right owner would be Koensignn! NEVS aint care Saab… 🙁 pls..

Androntrius
Member
1 year 3 months ago

I’m sorry Juho, its not gonna happen… Save Saab worked because there was a clear enemy, this time the enemy is lack of money and lack of investors, how do you protest against that?

Trued
Member
1 year 3 months ago

Juho, if You approach SAAB AB with a solid plan for making SAAB cars that plan better be more than solid. It will not happen for SAAB AB making cars was a parenthesis in the company. Now it is military equipment 100%.

mattea
Member
1 year 3 months ago

It is not true, Saab AB also manufactures for civilian use. For exampel
parts for passenger aircraft.

Börjesson
Member
1 year 3 months ago

Here’s an important snippet from the SvD article on this story (in my translation):

Why would the factory in Trollhättan still be kept when a new factory is being built in China?

– We will have a global product range with two global production facilities. The factory in China will mainly supply the Chinese market, but gradually also start exporting. The factory here in Trollhättan will supply the rest of the world.

Trued
Member
1 year 3 months ago

NEVS believe they can lease out production capacity to other carmakers. That will not happen if BMW needs more capacity they buy a factory or build a new one. They do not lease plants.

Black Arrow
Member
1 year 3 months ago

This is not true, Mini’s are produced in the Netherlands by Nedcar. So if your newly beloved brand can do it, why can’t others?

Piet-Hein S.
Member
1 year 3 months ago

the factory in THN will supply [WHAT] to the rest of the world? as the situation is now, there will be no Saabs supplied from THN.

tbfh: i don’t think the plant in THN will follow a similar construction (with whatever factory) as what BMW did with Mini and VDLNedcar. they (whoever ‘they’ may be) pulled the plug on Saab, and they have failed to put it back in.

Patrik H
Member
1 year 3 months ago
No mention of Saab & essentially no mention of Trollhattan. Seems bleak. I am forever hopeful, but this seems like the end. I desperately want to be proven wrong, however! Alas, my personal Saab saga is far from over. A Saab will be my daily driver for as long as it is practical. Within the next couple years, we will be adding one or two more to the family. And well into the future, they will be my summer weekend show cars. I’ll be attending my first Saab Owners Convention here in the USA this August. I still get my… Read more »
Trued
Member
1 year 3 months ago

Patrik H that is the right spirit. May we all cherish what we have and try to the the ones out there on the roads for as long time as possible. Renovate and pamper ALL Saabs they deserve it. I am happy having my 5 babies in the garage, But for daily chores I say get another good car there are a few brands that would appeal to Saab drivers.

Patrik H
Member
1 year 3 months ago

There will certainly come a day when that is necessary. Hopefully the parts situation stays favorable for several more years. I’m excited about the return of Alfa Romeo in the US. They might be the eventual daily driver replacement. Fun to drive, quirky, driver-focused.

theSandySaab
Member
1 year 3 months ago

+1
I’ll keep my TXSC fresh and fun for as long as possible…

MariusGTV
Member
1 year 3 months ago

Goodbye SAAB. Last one out turn off the lights.

saabtec
Member
1 year 3 months ago

Not drinking the Kool Aide here, but we are all used to waiting. And should maybe wait a bit longer. The other news article states they are planning on using Trollhattan for global purposes. And no official word has come about the use of the Saab name.
If they did not get the Saab brand name, would they also have had to relinquish it by now, even on the Saabcars.com web page? News is slow in coming. Unfortunately, just going to try and wait a bit longer.

Doug R.
Guest
1 year 3 months ago
My take on this is the same as 6 months ago…. I am not the least bit surprised by any of this.. Saab has been dead since Saab AB revoked the license.. Saab has been dead for a long long time its just official now like someone who was on life support but clinically dead. I suspect this business venture will die within 6 months, Nevs most likely will pump and dump everything it can in conjunction trying to squeeze as much cash out of new partners as possible to recoup previous losses. Another words skim as much cash as… Read more »
Mailr
Member
1 year 3 months ago
“My take on this is the same as 6 months ago….” Not quite. The difference is that somebody put up quite a bit of money, and is in discussions about the business plan with the new intended majority owner. This means two things, somebody trust Nevs to succeed enough to pay the bills for now, and that these new minority owners are unlikely to accept that nothing happens for an extended amount of time. And the new intended majority owner is not only still at the table, but involved in this step. So, I would say it’s likely that there… Read more »
Doug R.
Guest
1 year 3 months ago
Mailr Your way off if you believe a majority owner is coming related with Nevs and Saab,,, I suspect a law suite over the Qingdao 22 percent ownership is next will see… if a majority owner (real player) Oem was in play the deal would have been done a long time ago.. Nevs and Saab is over, they have Zero relationship to the Saab brand… Why people can’t understand that is beyond me. Saab AB will never have a business relationship with NEVs…. hate that name. Saab is dead maybe years down the road someone will give it go and… Read more »
Mailr
Member
1 year 3 months ago

Yes, it seems like the new majority owner coming info was wrong, and Fredrik Sidahl at FKG was misinformed.

Something seems to have happened fairly recently and that there has been a sharp turn in the direction the last few months. However, this also means that the conclusions over Nevs future from a few months ago may not be valid anymore, it’s a different ball game (that looks quite similar to the original pre-Qingdoa ball game). It’s far to early to say how this new game will pan out.

Angelo V.
Member
1 year 3 months ago
Doug: The problem with selling now is the cars are close to worthless. It almost makes more sense to just hold on and keep the cars on the road as long as possible and then if parts become impossible to find, give the car away at that point. The value of these cars was killed in 2012 when immediate steps weren’t taken to salvage the dealer network and have a firm plan to reenter global markets—-which would have kept dealers hanging in with the 9-3 line while new cars were being developed. Before that, the future was written when the… Read more »
Jeff
Member
1 year 3 months ago
I find it comical how people try to read tea leaves here and jump to conclusions about a process they have no involvement in. If you look back at the comments from two years ago about NEVS, the conjecture, the total BS theories, and then you compare them to what has happened, they’re so off base with reality that it’s hard to comprehend. All the whining about NEVS’s ownership is so pointless because in the end, whether or not Saab lives or dies, it will be as a result of whatever process they’ve endured. I said it years ago when… Read more »
Jason Petho
Member
1 year 3 months ago

+1

Baver
Member
1 year 3 months ago

Jeff,
The big issue here is Qingdao. Do they still have their ownership stake? How could they, when they didn’t fulfill their obligation to NEVS? Of course, being China, who really knows. If they are still in it, then it is game over – 22% + 30% = no room for a new majority owner. Let’s hope they are out.

Niklas D
Member
1 year 3 months ago

+1

carlo
Member
1 year 3 months ago
I think Jeff made a good point. There so little information that it is pointless to either being pessimistic or optimistic about the future of Saab as a brand or judging about the situation when so little is known. It sounds to me, and I can be completely wrong, that this is the first step to build up a new supply chain management structure that it will allow them to implement their business plan in the EV market. They need partners, either on the technological side or the financial side. This is the first step. We will see what it… Read more »
Angelo V.
Member
1 year 3 months ago

A two hundred million dollar deal in the automotive industry. LMFAO that this is even news. Two hundred million dollars? A 30 second commercial during the 2015 Super Bowl cost advertisers 4.5 million dollars. The car companies advertised like crazy. 200 million? What will that go toward, hiring contractors to remove the Saab name from the factory in Sweden?

Doug R.
Guest
1 year 3 months ago

Maybe 2 billion Angelo 200 million won’t even get you a prototype.

SaabKen
Member
1 year 3 months ago

Development for a a brand new platform, or engine, can easily approach (or even surpass) US$1B.

saabtec
Member
1 year 3 months ago

Agree

Michael Specht
Member
1 year 3 months ago
Good news anyway, NEVS seems to have found some true partners for electric cars based on the… now old… Phoenix plate-forme. It does not mean anything bad nor good for Trollhättan facilities though. Something else could be announced afterwards ; wait and see. For those who still expected cars under SAAB name : Saab AB no longer seems to have any intention to grant licence for the name to be used as a car brand, the last hope has been definitively lost in early 2014. Does it really matter ? We still know nothing about these future cars, nor about… Read more »
Eugene
Member
1 year 3 months ago

I would prefer NEVS dead and Kai Johan Jiang be back to China forever and do his stupid state budget-leaking-driven business there, where such business culture is a norm.

The darkest day will be when I will have to change my SAAB to a diesel Audi. Maybe I should buy a convertible or something.

hans h
Member
1 year 3 months ago

You don’t have to buy Audi like everybody. There are a lot of good cars out there which is not produced by VW or GM.

Angelo V.
Member
1 year 3 months ago

Bravo Eugene, and thanks for having the courage to say what so many of us are thinking.

Ivar M
Member
1 year 3 months ago

Eugene, Your darkest day is when you die. Hopefully you don´t ever sell your SAAB, like i will do. I will keep my SAAB´s until my last day on planet earth. This is not the end.It is the beginning of something new since Gasoline and Diesel engines will soon be forbidden in major Cities. France and England has already started to propose new regulations and electric cars is maybe the only choice so far. Cheer up and wait for THN-plant news from NEVS instead.

saaburban
Member
1 year 3 months ago

Maybe Nevs should consider dropping the saab sticker all together.
Its obvious that Nevs will have an evolving business plan, that will be based on what parterships they form, what financers they will attract. To let Saab AB define what Nevs should do, might be contraproductive, and prevent nevs to develop in à certain direction.

2T
Member
1 year 3 months ago
The SAAB brand name is back in SAAB AB’s pocket. The licencing to NEVS was suspended many month ago. NEV’s no longer has the rights to manufacture/sell new products branded SAAB. (maybe they can still sell existing stock, but sooner or later, tha name will be taken off the website and Trolhattan’s walls). Teaming-up with an internet and e-commerce company wotnt get NEVS the brand name back. If I was NEVS i’d have consultants working on a new brand-name and brand-image right now. Second, teaming-up with more chinese semi-public companies won’t get NEVS closer to any kind of relationship with… Read more »
jond
Member
1 year 3 months ago
IMHO NEVS has been consistent. This whole thing has been about Chinese Government money following a long-term vision to develop and supply the Chinese market with electric-powered personal transport. Their acquisition of Saab Cars, like their acquisition of Volvo, was simply about technology transfer. Why wait a generation to develop it themselves? And yes, they will have lost money, but how much would it have cost to have done all the development work themselves? In narrowly concentrating on their prime goal, they seem to have lost the opportunity to develop the brand. That might have been a tactical decision, but… Read more »
Angelo V.
Member
1 year 3 months ago

What about the creditors waiting to be paid? Does this deal cover them?

Jeff
Member
1 year 3 months ago

Why do you care? Really, I’m seirous– are you a creditor? Do you have a personal stake in it? Does it hurt your feelings that NEVS may have defaulted? I’m curious. Why is this all so personal to you?

Angelo V.
Member
1 year 3 months ago

I’m curious because in addition to them being incompetent, I’m also trying to determine if they are unethical.

JH
Member
1 year 3 months ago

This deal means that NEVS now has 40 million USD in the bank. Of course this means that the creditors will get paid according to the composition agreement from March 23rd. The Vänerborg District Court has even appointed lawyer Lars Eric Gustafsson as a supervisor to make sure that everything is done according to the agreement.

Niklas G
Member
1 year 3 months ago
NEVS has been good at not making things public until they are set in stone and the things they have made public have so far turned out to be true and trustworthy. (We cannot blame NEVS for a previous partner comitting a breach of contract.) With that in mind I think that the interview at http://sverigesradio.se/sida/artikel.aspx?programid=125&artikel=6174888 gave good reasons to still hope for a bright future. Quick & Dirty translation of a few things said there in addition to what is already quoted above: “We will present more new partners. Both industrial partners (for sharing costs of development and getting… Read more »
sandborg
Guest
1 year 3 months ago

Point after point of sound logic.
Fully agree.
Bravo Niklas!

Hakan
Member
1 year 3 months ago

I agree 🙂

E. Boon
Member
1 year 3 months ago
Given their short range 100% EV’s today are still niche. If an EV is environmental friendly are you are stating depends on more than what you yes or no put in the tank. Two main factors are: (1) On what is the local electricity plant running? Charcoal and especially brown coal are killing for the environment. (2) The total life cycle of a car from cradle to the grave. Which materials are needed to built it? Where do these come from? What’s the lifespan? How is the recyclability? It’s about time the whole subject of eco-friendly is being approached scientifically… Read more »
Angelo V.
Member
1 year 3 months ago

Mining for the materials for the lithium batteries. “Eco friendly EVs” LMFAO.

JH
Member
1 year 3 months ago

Thank you, Niklas (@niklas-g), for being a voice of reason here.

Skipper
Member
1 year 3 months ago

Mattias Bergman said in an interview with TTELA, that there is no longer a new owner coming in, but new “partners”.
To me it is a confirmation that NEVS will pursue “the Chinese- electric” track and that “SAAB” is out.

Mailr
Member
1 year 3 months ago

If you compare with the statement to the court in mid April, this is a definite change. Which means that the path forward has changed very recently, and as the change of direction is still young, all answers are most certainly not in yet. We have to wait and see (hmm, heard that one before?)

Angelo V.
Member
1 year 3 months ago
People are no longer waiting to see—-they’ve moved on. For crying out loud, TIM moved on! We got a new owner in 2012 and they weren’t up to the task. They failed. Apparently they’ve failed again in selling to someone who would NOT be a failure. So here we are, and it does finally look like an ending is being written. Doug R. was right a long time ago—-the patient might have been dead even though some stubborn doctors were not giving up. At this point, I think the doctors have thrown in the towel and now we’re just waiting… Read more »
Paul Willis
Member
1 year 3 months ago
It seems like this is deja vu all over again! $200 million is chicken feed, really. It might keep the lights on and pay the debt installment but beyond that it is not going to provide enough capital to launch a product cycle. I doubt it could even finance cranking out the current 9-3 in electric form. If there is not a new majority owner, I don’t see how this makes any sense going forward. The only thing I can see is that it provides these new investors the ability to access technology and then develop their own product and… Read more »
Doug R.
Guest
1 year 3 months ago

You’re right Angelo Nevs wouldn’t sell or relinquish to a major,,, My take is they want to get there loses back anyway possible,, Pump and dump skim whatever means possible.. Stage one was getting out of 50% of past due payables.

That wouldn’t have happened with a real OEM…. They figured they had the plant as leverage..

Just my opinion… Ironically this is a similar deal that supposedly cost them like before..with Qingdao, Yet Qingdao still retains 22 percent … HMMM can someone say law suite… Maybe Nevs breached for under performance…

Angelo V.
Member
1 year 3 months ago

Doug: You really should consider a career in investigative journalism. Former KC Chiefs, Buffalo Bills and CFL football coach Marv Levy once told me—-good journalists have the ability to look into the heart of a matter from a distance. I think you’ve consistently done that for the last couple years.

Doug R.
Guest
1 year 3 months ago
Thanks Angelo lol,,, not quite just insight from my past business experience…. Its obvious to anyone with experience how this has played out. its been disheartening for sure. Went car shopping yesterday for my wife,, while I was parked I got several compliments on my 93 from people at the dealership.. My car looks virtually brand new. The subcompact segment is loaded with some really nice cars,, my wife ended up with a new Corolla S plus with convenience package.. Leather interface radio, Nev 17 inch wheels,, paddle shifters you name it.. Super White silver black alloys.. Our Saab cars… Read more »
Angelo V.
Member
1 year 3 months ago

I like that KIA Forte 5. I don’t think they’re quite up to Toyota standards in quality/longevity, but they’re really nice cars. At some point, when I begin replacing my current fleet, I’ll look hard at KIA. And if I decide I want a reliable compact as one of my vehicles—-a Corolla might just win out too.

Doug R.
Guest
1 year 3 months ago

Niklas G

All lip service Saab is with Saab AB its over.. Nevs will never get a real OEM partner that would entice Saab AB… A Real Oem is any major car maker. People make me laugh….

jond
Member
1 year 3 months ago

+1 How could a Western OEM ‘partner’ protect its technology from simply finding its way straight to the Chinese automobile industry? GM did have a point.

Joe
Guest
1 year 3 months ago

It is hard for the delusional to dig the grave of SAAB with their fingers still crossed.

Doug R.
Guest
1 year 3 months ago

Joe that is funny lol…. Even in the mist of bad circumstances we find humor.

Hakan
Member
1 year 3 months ago
Scepticism and even negativism is fine with me. But why keep on being sarcastic towards those of us still believe (who of us that doesn’t belong to the inner circle of peopla at NEVS, can really know for sure) that something good will come out from this. Yes, I agree. This is a difficult situation. But according to ttela the workers at NEVS are happy. Mattias Bergman claims that they have a dialogue with SAAB AB about the brand name, he talk about EVs and as I recieve it, the incoming OEM is not definitely out, even if the letter… Read more »
Angelo V.
Member
1 year 3 months ago

When you say that plant in Trollhattan is “loaded” with engineers and workers, what number are we talking about? How is NEVS continuing to pay a load of engineers and workers while they are stiffing their creditors?

Hakan
Member
1 year 3 months ago
“Loaded” is maybe not the best word. But lets face it. The situation during the last year have been very severe, and NEVS were in reconstruction for quite a long while. I have to admit, I thought NEVS/saab car would finally disappear. So compared with a bankruptcy and a definite end of the saab saga, NEVS have left reconstruction, they have some 300 persons or so, on their payroll list and they have agreements with two other significant “players”. All this must indicate something. With last year in perspective, I think this is an achievement. At least, my expectations have… Read more »
reindeer
Member
1 year 3 months ago

+1

sandborg
Guest
1 year 3 months ago

Well said and I fully agree.
Most major “luxury” car brands are now working furiously on EV development which is obviously the future.
The range of the EV is getting better and better as time passes. The power/torque is phenomenal.
I would love a TESLA type SAAB.
I think NEVS is on the right course and in fact will enable SAAB to continue as a brand leader and innovator.

Joe
Guest
1 year 3 months ago

“enable SAAB to continue as a brand leader and innovator”?
Jasper, I must ask…are your fingers crossed so tightly it’s impeded critical blood flow?

sandborg
Guest
1 year 3 months ago

Please respect my right to offer my opinion as I will respect yours.

Angelo V.
Member
1 year 3 months ago

I think a few parties who are owed a lot of money might disagree with you that NEVS is on the right course.

sandborg
Guest
1 year 3 months ago

All opinions are welcomed if offered with respect.

Angelo V.
Member
1 year 3 months ago
I agree with you on that. Considering that almost everyone visiting and commenting here are Saab enthusiasts, bordering on rabid Saab maniacs—-we have all been under a lot of stress for at least seven years now. It’s not only loving the brand—-and not knowing if there’s a future—-but it’s also seeing our cars resale value plummet, some people upside down on loans, losing warranty coverage, etc. This is personal to a lot of people. Yet through it all, I think we’ve been incredibly respectful toward each other even when we have diametrically opposed opinions about Saab and NEVS. I think… Read more »
reindeer
Member
1 year 3 months ago

Agreed Jasper. Attitudes are like car brands- some good and some bad. And some people here have gone from being negative to displaying bad attitudes. The auto industry suffers loss sometimes. But its sad to see people losing out on being people at their best. We need to work on relationships first and wory about cars after that

Angelo V.
Member
1 year 3 months ago
I strongly urge you to look for today’s Los Angeles Times article “Elon Musk’s Growing Empire” to get an insight into the genius. Bottom line: He’s received 4.9 BILLION dollars in government loans—-for his various clean and green projects—-almost 5 billion dollars in loans—-and has not turned a profit yet on these enterprises. My point? My point isn’t to disparage Mr. Musk, who I do respect as a brilliant man. But my point is that this belief that EVs are the future is unfounded. Apparently, Tesla is the gold standard, right? They are the “Luxury EV company” and they’re being… Read more »
E. Boon
Member
1 year 3 months ago

Bravo Angelo! But you’re fighting widespread dogma’s. Fed by NGO’s and paid with taxes. As a consequence the public opinion on EV’s is based on emotion rather than the scientific proof of environmental claims. As a result the car industry is now designing, manufacturing and selling towards government tax rules. The government has become the “free” market demand.

Doug R.
Guest
1 year 3 months ago

Great read Angelo + 1

Angelo V.
Member
1 year 3 months ago

Guys: As I recall, the article said that the income for Tesla drivers averages $320,000 a year. This is a complete joke—-insanity. Why in the world is the government subsidizing a rich man who is making toys for rich people? Next up is the Tesla SUV, which is sure to cost about the same as the Model S. They have a timeline on that. They don’t appear to have a timeline on the “affordable EV” that they’ve been promising since they introduced the $80,000+ Model S. It’s starting to look like a scam.

Joe
Guest
1 year 3 months ago

Jasper, I have the utmost respect for you, and your opinions…SAAB-on, brother, SAAB-on!

NickT
Member
1 year 3 months ago
Hi, I am new here…. In my opinion, NEVS techincly ruined Saab with their EV thing. Who would want an Electric Saab? Saab’s were ment to be turbocharged and fun to drive. Making the current 9-3 an EV will make it no better than a Prius! And NEVS is why they have no investor? Wow. If they want to be sucesefull, they should change their name from NEVS to Swedish Automobile AB or something and make real Saab’s. I’m not saying that they should not make EV or hybrid cars, but they should also offer regular petrol/diesel cars and make… Read more »
Angelo V.
Member
1 year 3 months ago

Welcome Nicholas and thank you for your comment. You’re right—-it was and is a bad idea—-electric cars primarily for the Chinese market. For the life of me, I can’t figure out why this guy targeted Saab to attempt this scheme. Seems there would have been cheaper and easier ways for him to build golf carts for China—-we all know he would have moved production from Sweden to China anyway. Now he’ll end up losing the Saab name too. This was a non-starter. It made no sense then and it makes less sense now.

NickT
Member
1 year 3 months ago
Thanks Angelo. Another thing that doesn’t make sense is why NEVS spend so much time on developing an EV if they already had the Epower hybrid from 2011 already developed? NEVS should first work on finishing up the 9-3 Phoenix and make a dealer network to sell them. They offer a regular ICE engine. After they have sales, then they could offer a hybrid/electric. NEVS is trying to run before walking in my POV. Plus, I heard that Tesla is going to release a cheap car around 45k. How is a Chinese Saab going to compare to a Tesla.for the… Read more »
Angelo V.
Member
1 year 3 months ago
Tesla seems to have that 45K EV on the back burner. They don’t even have a “target date” spelled out at this time. Right now, their priority seems to be an SUV that will probably sell in the same neighborhood as the Model S. Tesla hasn’t made profits. Their stock has been bid up on “expectations” and Elon Musk, a very smart businessman, is also a great carnival barker. They’re not making a profit yet—-they are getting all sorts of government money and assistance—-but honestly, they’ve done nothing in terms of a clean energy transportation breakthrough for average car buyers.… Read more »
Mailr
Member
1 year 3 months ago

What Tesla have done is shown what level of battery and charging capacity, as well as what infrastructure, is needed make an electric car usable as a replacement for an ICE car, i.e. what is the minimum technical spec needed. If the price of the car is a reasonable or if it’s good business is different thing.

Angelo V.
Member
1 year 3 months ago

Actually, what they have shown is that even if you spend eighty thousand U.S. dollars, the vehicle you’re buying isn’t capable of long distance driving without serious inconvenience and trip interruptions, along with the anxiety that goes with running out of “energy” on the side of the road and needing to be towed instead of having a gallon of gas delivered. The Chevy Volt is superior technology for people who need an all purpose vehicle and who are concerned about being stranded by the EV.

Mailr
Member
1 year 3 months ago

Well, that’s one way to put it. However, Teslas ARE capable of long distance driving with, for some people, reasonably inconvenience and a , also for some people, reasonable amount of anxiety. It also shows that most people most likely want a range extender for now.

The thing with the Tesla though, is that in some cases is within shouting distance of an ICE. Depending on how high you shout…

juho
Member
1 year 3 months ago

+100!

NickT
Member
1 year 3 months ago

Lol

Paul Willis
Member
1 year 3 months ago
Welcome, Nicholas, to this slightly crazy (at least in my case) group of pontificators! It’s a good question about the name of NEVS. Makes one hit the re-set button after all of the stuff that has gone on over the past 4 years. The article about the Saab engine being in a BAIC design reminds me that BAIC got the rights to the 9-3 and 9-5 architecture a few years ago and has been making their version of those vehicles since (or at least they had been). So, to Angelo’s point, why did NEVS’ original owners target Saab in the… Read more »
Mike Baughan
Member
1 year 3 months ago

Hi all,
Didn’t see a place where I could drop a tip to the SU crew, but ttela reports on a saabtala article indicating that some of the creditors will start to see payments starting on Monday! Hopefully this is the case, and hopefully it’s the start of some positive developments with NEVS.

http://ttela.se/ekonomi/saab/1.4034885-nevs-borgenarer-far-pengar
http://www.saabtala.com/booyah-nevs-make-good-on-their-promise-sek-500-000-claims-are-about-to-get-paid/

Red J
Member
1 year 3 months ago

Yes this is the case.
It has been confirmed by NEVS.

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