NEVS Cars

NEVS has a new co-owner – Beijing Zhonghuon

NEVS 9-3 at CES Asia

The new co-owner of NEVS Beijing Zhonghuon provided a US$108 million financial injection. Beijing Zhonghuan Automotive Parts Co., Ltd. is an Automotive company located in Beijing, Beijing, China.

International media picking up on our big news today – NEVS welcomes new owner to be part of shaping mobility for a more sustainable future.

According to the media, a new NEVS co-owner is an investment company investing in new technologies and has been cooperating for some time with SRIT, one of NEVS’ current owners.

NEVS 9-3 EV series

“It is a new partner – exactly the percentage we don’t disclose today at least,” a NEVS spokesman told just-auto from Sweden. “What is important for NEVS is we get new partners and new finance coming in.”

“Beijing Zhigan Shenghuo Technology brings a lot of competence and a network with banks and investment company who are interested in making further investments in NEVS,” noted Scribe.

NEVS is currently in an intense development phase which requires investments, both in new technologies, factories and machinery and has been looking for partners for some time.

The discussions with DiDi have been going on all summer. We hope they will lead to a binding agreement during this autumn”, said NEVS CEO and acting president, Stefan Tilk.


3 Comments

  • China is really good at duplicating almost anything with bad materials, saab is dead!!! Sorry to say it but it is the honest truth, people will see the name “saab” and think that it is a “saab” and is not, made in china, it does not resemble a saab, it looks like Kia and Hyundai came up with the style, the motors are not even close to the quality that saab made back in its days with its turbocharged engines, and now volvo too belongs to China and fiat too is thinking of selling out too!!?

  • SAAB cars as we know them are gone. Some of the IP and facilities are called NEVS but they will never be making anything similar to our Saab cars. However, China is the world’s biggest factory, and can manufacture virtually anything at any desired quality level. All of these car brands have factories in China;
    Volvo
    BMW
    Fiat
    Ford
    General Motors (GM)
    Honda
    Hyundai
    Jaguar Land Rover
    Kia
    Mazda
    Mercedes Benz
    Mitsubishi
    Nissan
    Peugeot
    Renault
    Suzuki
    Toyota
    Volkswagen

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