PRESS-RELASE: NEVS acquires Saab and Saab brand name - Saab General Bulletin Board - Saabnet.com
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PRESS-RELASE: NEVS acquires Saab and Saab brand name
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Posted by ryan [Email] (#2222) [Profile/Gallery] (more from ryan) on Mon, 3 Sep 2012 20:08:51 Share Post by Email
In Reply to: reports NEVS made payment, SAAB brand issue solved, ryan [Profile/Gallery] , Sun, 2 Sep 2012 16:32:34
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National Electric Vehicle Sweden AB (NEVS) has finalized its acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective August 31, 2012. The prerequisites for implementing the NEVS business plan are now in place. The acquisition includes IP rights for the Saab 9-3, IP rights for the Phoenix platform, tools, the manufacturing plant, and test and laboratory facilities. The acquisition also comprises all outstanding shares in the property company which owned the Saab facilities in Trollhättan, Sweden.

NEVS has signed a licensing agreement with Saab AB regarding the rights to use the Saab brand name for its future vehicles. The vehicle manufacturing company is named National Electric Vehicle Sweden AB, “NEVS”. The vehicles and related products and services will be named SAAB. The present logotype will not be used.

Recruitment to the management team and key positions is in progress. As of today, about 75 people have received employment offers.

NEVS is wholly owned by National Modern Energy Holdings Ltd., whose founder and principal owner is Kai Johan Jiang.

NEVS is an international consortium formed by Swedish and Chinese stakeholders. Based on existing resources and with the addition of Japanese leading edge technology, the company is establishing a new venture in Trollhättan, solely dedicated to development and manufacturing of electric vehicles (EVs). NEVS aims to become a leading manufacturer of electric vehicles.

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