{"id":48108,"date":"2023-04-24T12:03:41","date_gmt":"2023-04-24T16:03:41","guid":{"rendered":"https:\/\/autosector.com\/?p=48108"},"modified":"2023-04-24T12:03:41","modified_gmt":"2023-04-24T16:03:41","slug":"1027975_company-that-once-tried-to-save-saab-has-shut-down","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=48108","title":{"rendered":"Company that once tried to save Saab has shut down"},"content":{"rendered":"

NEVS<\/a>, a Swedish electric-vehicle startup most widely recognized for its attempt to restart production of Saab cars early last decade, shut down this month.<\/p>\n

In a terse statement on the NEVS website, the company said it is closing down its production development activities as part of a \u201chibernation plan.\u201d The company also said it is taking inquires about the sale of its properties.<\/p>\n

<\/p>\n

Automobilwoche (subscription required)<\/a> reported last week that Polestar has applied to use a former Saab R&D facility in Trollh\u00e4ttan, Sweden, for development of electric powertrains.<\/p>\n

NEVS was last owned by Evergrande Group, the Chinese conglomerate whose main property development arm ran into financial trouble in 2021 with debts of more than $300 billion. At that time, with funding drying up, NEVS began to look for a buyer.<\/p>\n

\"NEVS<\/p>\n

NEVS starts production of 2014 Saab 9-3<\/p>\n<\/div>\n

Evergrande managed to stay afloat and in late 2022 another of its EV startups, Hengchi<\/a>, started customer deliveries of vehicles in China.<\/p>\n

NEVS had also planned to launch its own electric vehicles, but the company later focused on developing mobility services, including a self-driving taxi service<\/a>.<\/p>\n

NEVS originally acquired the assets of Saab in 2012 after the automaker went bankrupt the previous year<\/a>. The original plan was to continue production of Saab cars in both Sweden and China, and while NEVS managed to briefly restart production of the Saab 9-3<\/a> in 2013 at Saab’s own plant in Trollh\u00e4ttan, production came to a stop less than two years later after NEVS ran out of funds.<\/p>\n

NEVS then lost the rights<\/a> to the use of the Saab name (the rights are owned a consortium that includes the Swedish defense group also known as Saab) in 2014, and later tried to launch EVs under its own name<\/a> but ultimately failed to do so.<\/p>\n","protected":false},"excerpt":{"rendered":"

NEVS, a Swedish electric-vehicle startup most widely recognized for its attempt to restart production of Saab cars early last decade, shut down this month. In a terse statement on the NEVS website, the company said it is closing down its production development activities as part of a \u201chibernation plan.\u201d The company also said it is […]<\/p>\n","protected":false},"author":1,"featured_media":48109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/48108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48108"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/48108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/48109"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48108"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}