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Press Release: Nevs celebrates ground breaking ceremony for Production and R&D in Tianjin, China

June 29, 2015 in NEVS, Press-Release

Kai-Johan-Jiang-Tianjin20150628

Nevs’ Chairman Kai Johan Jiang at the ground breaking ceremony in Tianjin June 28 // Photo-credit: Nevs

Like the news from last Wednesday said, Nevs celebrated the ground breaking yesterday in Tianjin, China, There will they build facilitates for production and R&D,  with a capacity for 200 000 units/year.

Chairman Kai Johan Jiang was on site together with president Mattias Bergman, and they even had more news to come with; a new partner. This new partner is Teamsun, a it-company based in Beijing. Together with State Research Information Technology (SRIT), Teamsun and Nevs has registered two new joint ventures, one for production and one for R&D. The investments in the joint venture will be initially 1 billion RMB/CNY (~161 million USD) respectively 200 millions RMB/CNY (~32.2 million USD). At the same time, Nevs announces a agreement with Bank of China that grants Nevs a credit of 10 billion RMB/CNY (~1.61 billion USD) to support Nevs business in China.

So what now? Nevs is as we see on their way back in business, but this is only a small step. There will be many more small (and of course some big) steps before we all can breathe out, and the Stallbacka factory again produce cars again. We can only cross our fingers, if the good news continues as it has done so far this spring I hope it not will be the last positive news we hear from the guys at Nevs this summer!

Read the full press release under the picture!

The ground breaking ceremony in Tianjin June 28 Photo-credit: Nevs

The ground breaking ceremony in Tianjin June 28 // Photo-credit: Nevs

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by till72

Press Release: The construction of Nevs’ Chinese factory in Tianjin starts June 28

June 24, 2015 in NEVS, Press Releasse

The construction of Nevs’ Chinese factory in Tianjin starts June 28

To mark start of construction of Nevs’ New energy vehicle factory in China, and the establishment of a R&D-center, a groundbreaking ceremony will be held in Tianjin June 28.

The Tianjin manufacturing plant will be Nevs’ second global production base focused on EVs, initially for the Chinese market. Nevs’ research, development and production will be managed from its headquarters in Trollhättan.

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by till72

NEVS Is Asking For Your Saab Story

June 11, 2015 in Fan Stuff, NEVS

NEVS posted a request on their Instagram account asking for your personal Saab story:

nevs saab story

I am sure there are many great stories to tell. Send yours to mystory@saabcars.com

Open day at Nevs in Trollhättan, Friday 5th June

June 2, 2015 in NEVS, Saab Festival 2015

SAAB Factory March 2013As earlier announced Nevs is going to have open day at the Technical Decelopment Center on Friday (June the 5th) this weekend during the Saabfestival, and we got this from Nevs today:

Nevs is going to offer different activities from 10:00 to 16:00, included a guided tour at the lab, there they will show how they develop and verify cars. There will also be info about the electric car by the program director of the electric cars, and the possibility to go with one of Nevs’s professional test drivers on a tour around the factory test track with a 2014 9-3 Aero.

Nevs offers continuously transport from Saab Car Museum and back, starting at 09:45

Program:

10.00/11.00/12.00/13.00/14.00/15.00
Lab-tour. 20min guided tour, introduction to Nevs technical facilities.

10.30/12.30/13.30/14.30/15.30
Seminar, 30 minutes. “From sketch to complete product”

11.30
Nevs future, presentation by Nevs CEO Mattias Bergman

10.00-16.00
Go with the professional test drivers on the factory test track with a 2014 9-3 Aero

Staff from Nevs will be available at the front desk shows you the way to the different activites.

Lunch can be eaten at Resturant Saltes, open 11:00 to 15:00

WHAT: Open day at Nevs, Trollhättan
WHERE: Nevs, Technical gate, Flygfältsvägen, Trollhättan
WHEN: Friday 5th June, 10.00-16:00, First transport from Saab Car Museum, 09:45

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by Alphie

Press-meeting at NEVS today at 11:00 CET

May 27, 2015 in NEVS

NEVS has for a while been conducting dialogues regarding technical and industrial partnerships. The original business plan already called for strategic partnerships in order to create a more sustainable future.

Todays press-meeting will deliver two new Chinese part-owners presented by Mattias Bergman which is a significant step in order to deliver upon the business plan to create sustainable mobility through electric cars for the future.

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by Red J

NEVS applied to leave reorgnization

April 8, 2015 in NEVS

According to the local newspaper ttela.se and to SwerigeradioP4 NEVS has applied to the court to terminate the reorganization period on the 14th of April.

They have chosen the 14th of April as the composition can be appealed until the 13th of April.

This is an already announced step, but it has been done now. After the 14th of April NEVS will be in a better position to negotiate with the new partners.

Next step is to present the cooperation contracts or new ownership contracts, and I don’t think we will have to wait long for that.

Nevs’ composition proposal approved by Court

March 23, 2015 in NEVS, Press Releasse

SAAB Factory March 2013A press release from Nevs today;

The District Court of Vänersborg today approved the composition proposal earlier presented by Nevs, as the stipulated number of creditors’ votes needed for the court to decide in favor of the composition proposal was achieved.

The number of present creditors entitled to vote, and those who on beforehand had approved the proposal and signed a proxy for the Administrator to vote for them, amounted to 98,2 percent of the creditors and 98,6 percent of the amount of the debt.

The composition means that claims up to 500’000 SEK will be fully paid, and that claims above 500’000 SEK will be reduced by 50 percent. Of a total of 573 creditors 469 will get their full claim paid.

The payments will be performed in two steps. The first within 60 days from the date that the Court’s decision is legally valid, and the second step within six months from the same date. The composition as well as the operating costs for the coming months will be financed by Nevs’ main owner. Nevs intends to apply for exiting the reorganization as soon as the composition is legally valid in mid-April.

“A composition was needed for Nevs to exit the reorganization in order to be able to sign commercially viable agreements with our OEM and financial partners we have been in dialogue with for a long time. We appreciate the support from our suppliers, with whom we want to continue to develop long-term relations”, said Mattias Bergman, President Nevs.

“My duty as Administrator is to secure that the composition is favorable for both the company and the creditors. Todays’ decision creates possibilities both for the development of Nevs’ business as well as future business potentials for the creditors”, said the Administrator, Attorney Lars Eric Gustafsson, Hamilton Law Firm.

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by Red J

The next Milestone

March 22, 2015 in NEVS

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Tomorrow Monday March 23 is the next important day in the process of NEVS togged afloat. Tomorrow the creditors will decide if they agree with the plan from NEVS where debts under 500.000 SEK will be payed in full, and the rest will only be paid in half. It is said that NEVS will save with this plan about 300 Million SEK.

Rumours on the Swedish Press say that tomorrow a positive outcome should be expected. But even a positive outcome will not be the light at the end of the tunnel but maybe a big torch to help NEVS find that end of the tunnel.