NEVS

Xiaomi has already overtaken Apple in smartphone sales and is now looking to jump into the EV game.

Cashed-up EV startup Hengchi has just unveiled nine vehicles but is planning even more.

There's hope yet for the former Saab plant in Trollhättan, Sweden.

Evergrande Group will establish the EV brand Hengchi whose first model is due in 2020.

Saab's last production car was built in 2013 and only driven 43 miles since it rolled off the line.

China's NEVS purchased the remnants of Saab years ago, and now the company has taken a stake in another Swedish automaker. NEVS announced it has purchased a 20-percent stake in Koenigsegg and partnered to create a new joint venture between the two companies. In the Tuesday announcement, the Chinese...

China's Evergrande Group, a key investor in U.S.-based Faraday Future, announced Tuesday it has acquired a controlling stake in NEVS, the Chinese-backed, Swedish company born out of the ashes of Saab. In a statement, Evergrande said it acquired 51 percent of NEVS in a quest to diversify into the...

Production of the Saab 9-3 has restarted for the second time, only this time the cars are being built in China, feature electric powertrains, and are to be sold under the NEVS brand. The first NEVS 9-3 rolled off a plant in Tianjin, China on Tuesday, marking an important step in NEVS’s plan...

Chinese-backed, Swedish-based NEVS has forged two new alliances as it prepares to start production of electric cars based on former Saab platforms. NEVS’s goal is to become an electric car company and provider of mobility services. One of NEVS’s future mobility services is likely to be...

NEVS on Wednesday at the 2017 CES Asia taking place in Shanghai, China previewed a pair of electric cars destined for production and outlined a new mobility program to be run in the Chinese port city of Tianjin. NEVS is the company that bought the assets of Saab following the Swedish firm’s...

NEVS, the Chinese-backed electric car brand born out of the bankrupt remains of Saab, has announced it will develop cars with Chinese electric car startup Iconiq. The two firms are forming a joint venture to develop as well as manufacture electric cars for their respective brands at a plant...

Production of the Saab 9-3 sedan will restart for the second time, only this time around the cars will be sold under the NEVS brand, feature electric powertrains and be produced in China. NEVS, which bought the assets of Saab following the Swedish firm’s bankruptcy in late 2011, and briefly...

The long battle to restore Saab as an automaker is over, with the owner of the assets of the former Swedish automaker, National Electric Vehicle Sweden, confirming today that its future cars will be sold under the new brand NEVS. The news will be sad for Saab fans all over the globe though at least...

Having managed to stave off its own bankruptcy by partnering with a handful of government-backed entities in China, National Electric Vehicle Sweden (NEVS), which acquired the assets of bankrupt automaker Saab in 2012, is now flush with cash and ready to proceed with its plans to launch a new...

Since acquiring the assets of Saab back in 2012, NEVS has started production of the 9-3 sedan at the Swedish automaker’s plant in Trollhättan and even fulfilled its promise to launch an electric version of the car, production of which started just last month. Unfortunately, NEVS has...

Saab’s new owner National Electric Vehicle Sweden (NEVS) has just entered a deal with the city of Qingdao, located in China’s Shandong-province, which will see the coastal city become the strategic gateway for Saab’s cars in China. Qingdao, via its Qingdao Qingbo Investment...

Following its announcement in June to acquire the remaining assets of bankrupt Swedish automaker Saab, as well as the assets of subsidiary firms Saab Powertrain and Saab Tools, National Electric Vehicle Sweden (NEVS) has confirmed today it has finalized the acquisition process. One key asset NEVS...

Saab is dead; long live Saab. If that sounds contradictory, it isn’t, since the quirky-but-competent brand most of us have come to know and love is gone. The Phoenix (no pun intended) that will rise from the ashes is an entirely new entity, purchased by National Electric Vehicle Sweden AB...