Evergrande, a Chinese firm believed to be the biggest real estate company in the world and backers of electric vehicle startups like Faraday Future and NEVS, announced a massive $23 billion investment in the production 1 million electric cars and 500 GWh of batteries per year. expand full story
Nevs Stories June 13
Nevs Stories January 29
Supercar maker Koenigsegg announced that it is taking a $170 million investment from NEVS, SAAB’s all-electric successor, and the company says that they will use the money to ramp up their electrification effort. expand full story
Nevs Stories January 15
China’s Evergrande Group, best known in the EV community for having taken a large stake in Faraday Future, is now taking a majority stake in NEVS, SAAB’s all-electric successor. expand full story
Nevs Stories October 9, 2018
As we depart the Paris Mondial Motor Show, we’ve seen all matter of electric vehicles from Tesla and the big legacy carmakers, new ebikes that use new 2170 cells all the way down to Chinese scooters. But one big surprise was seeing the iconic Moke mini Jeep-like electric vehicles in not just one but two different booths in a variety of shapes and sizes, including a speedy, AWD version with…
Nevs Stories April 11, 2018
NEVS has been accumulating some massive orders for its electric vehicles, but now one of the biggest orders to date has apparently fallen through as Didi reportedly pulls out of the project. expand full story
Nevs Stories December 6, 2017
National Electric Vehicle Sweden (NEVS), the Chinese-backed successor of SAAB, has been closing multi-billion contracts to sell electric vehicles over the last year, but it didn’t have much to show for until now.
The automaker announced today that its first electric car rolled off the production line at its new Tianjin factory yesterday. expand full story
Nevs Stories October 26, 2017
SAAB successor National Electric Vehicle Sweden (NEVS) and DiDi Chuxing, China’s Uber, have signed an agreement to collaborate on making electric cars for DiDi’s highly popular ride-sharing network. expand full story
Nevs Stories March 1, 2017
Contemporary Amperex Technology Co., Limited (CATL), a relatively new Chinese li-ion battery maker, is shaping up to become a major player in the industry in the coming years with plans for several important battery factories comparable in size to Tesla’s Gigafactory.
The company has now signed a supply contract with SAAB successor National Electric Vehicle Sweden (NEVS) in order for the electric vehicle maker to deliver on its orders for electric car fleets in China. expand full story
Nevs Stories February 18, 2016
Nevs (Saab) is acquiring electric vehicle production capacity in China
National Electric Vehicle Sweden (Nevs), the China-backed firm that bought Saab’s assets out of bankruptcy in 2012, has signed a framework agreement to take a 50% stake in Chinese vehicle manufacturing company New Long Ma (NLM). The company has a factory with production capacity of 150,000 vehicles per year in the Fujian province.
Nevs Stories January 15, 2016
National Electric Vehicle Sweden (Nevs), the firm that bought Saab’s assets out of bankruptcy in 2012, is singing some ridiculously big deals to supply electric vehicles to China lately. Last month, we reported on the company closing a massive 78-billion-yuan ($12 billion) deal to supply 150,000 electric cars to Chinese leasing firm Panda New Energy and now we learn from Reuters (via Autoblog) that Nevs signed a framework deal worth about 8.5 billion crowns ($1 billion) with China Volant Industry Co. (Volinco) for 20,000 electric cars. expand full story