• Sango self-driving car from NEVS's Pons mobility division

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

  • Potential design for Evergrande Group EV
    China's Evergrande commits $6.4B to become EV force

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

  • 2014 Saab 9-3 Aero - The last production Saab
    The last production Saab sells for $47,850

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

  • Protean in-wheel electric motor
    NEVS buys developer of in-wheel electric motors

    Swedish electric car startup NEVS is working a range of cars that could feature in-wheel motors.

  • NEVS 9-3 concept, 2017 CES Asia
    Saab's Chinese owner partners with Koenigsegg, purchases 20-percent stake in supercar maker

    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...

  • NEVS logo
    Faraday Future investor buys EV startup that took over Saab

    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 first NEVS 9-3 at plant in Tianjin, China is celebrated

    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 to become a leading provider of sustainable mobility services. NEVS’s plant currently has the capacity for 50,000 cars per year but this is to be lifted to 220,000 cars eventually. The NEVS 9-3 is essentially the former Saab 9-3 with an electric powertrain that NEVS describes as a...

  • NEVS 9-3 concept, 2017 CES Asia
    NEVS partners with Chinese ride-sharing giant Didi Huaxing, Beijing tech firm

    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 9-3 and 9-3X concepts, 2017 CES Asia
    NEVS presents 9-3, 9-3X electric cars at 2017 CES Asia

    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 InMotion concept, 2017 CES Asia
    NEVS presents InMotion self-driving city car concept at 2017 CES Asia

    NEVS on Wednesday unveiled the InMotion self-driving city car concept at 2017 CES Asia in Shanghai, China. The concept is NEVS’s vision of a car devoid of a steering wheel and pedals, i.e. a Level 5 self-driving vehicle, and signals the company’s intention to compete in the mobility...

  • 2019 Iconiq Seven
    NEVS to develop electric cars with Chinese automaker Iconiq

    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...

  • Saab 9-3 EV electric prototype shown by NEVS, 2014
    Saab 9-3 production to live on… in China

    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...

  • NEVS logo

    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 now the automaker can finally be laid to rest. After all, concerns over Saab’s fate date back to General Motors Company’s [NYSE:GM] bankruptcy days late last decade. While NEVS, a Swedish firm with Chinese backers, was able to acquire most of Saab’s assets following the Swedish...

  • Preview of next-generation vehicle from Saab parent NEVS - Image via Saab Blog
    Saab owner NEVS previews 4 next-gen vehicles

    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...

  • 2014 Saab 9-3 Aero
    Cash shortage causes NEVS to stop Saab production

    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...

  • 2012 Saab 9-3 Griffin range
    NEVS close to restarting Saab production

    With NEVS’ acquisition of Saab and some of the bankrupt automaker’s remaining assets complete, the consortium, made up of Chinese and Japanese interests, is now focused on the launch of its first model. The plan is to start production at Saab’s main facility in Trollhättan...

  • 2012 Saab 9-3 Griffin range
    Chinese city buys stake in Saab’s new owner NEVS

    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...

  • Saab logo
    NEVS finalizes Saab acquisition, gets permission to use Saab name

    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...

  • 2013 Saab 9-3 test-mule spy shots

    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 (NEVS). According to Bloomberg, NEVS is backed by Hong Kong based National Modern Energy Holdings, Ltd. and Japan’s Sun Investment. The initial plan is to build an all-electric Saab 9-3, specifically for the Chinese market. Assuming this project is successful, the next step will be to design and...

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