Tag Archives: Evergrande Group

NEVS Emily GT cockpit
NEVS Cars

Evergrande’s $414 Billion Debt Crisis: Impact on NEVS and the Saab Legacy

In the wake of Evergrande Group's financial turmoil, the shockwaves have extended to Trollhättan, Sweden, where NEVS (National Electric Vehicle Sweden) resides. With Evergrande's monumental $414 billion debt crisis casting a shadow, NEVS finds itself at a crossroads. Yet, amidst uncertainty, there is a glimmer of hope for the NEVS Emily GT project, a symbol of Saab's legacy, as potential saviors emerge. This article explores the complex interplay between Evergrande's troubles and NEVS's quest to resurrect the spirit of Swedish innovation.

Electric car developer Nevs, based in Saab's old factory in Trollhättan, is giving notice to 320 of its 340 employees.
NEVS Cars

NEVS Will Now Go Under “Hibernation Mode”!

NEVS (National Electric Vehicle Sweden) is a Swedish electric car company that acquired the assets of bankrupt automaker Saab in 2012. The company has been struggling financially for some time and has now announced that it will halt all activities...

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