A group of investors have acquired assets of Saab, bankrupt since December 2011.
The National Electric Vehicle Sweden AB (NEVS), a Swedish company brought together in the spring of 2012 with the aim of buying back Saab, is financed by a Chinese group – that specializes in alternative energies – and some investors from Japan.
The group wants to design and produce, at the Trollhättan plant, an electric car based on Saab's 9-3. The vehicle is expected to hit the Chinese market in 2013-2014; at the same time a new model should see the day.
"China is investing heavily in developing the EV market, which is a key driver for the ongoing technology shift to reduce dependence on fossil fuels," said Kai Johan Jiang, founder and main owner of National Modern Energy Holdings Ltd, the majority shareholder of NEVS.
"The Chinese can increasingly afford cars; however, the global oil supply would not suffice if they all buy petroleum-fueled vehicles. Chinese customers demand a premium electric vehicle, which we will be able to offer by acquiring Saab Automobile in Trollhättan."
Saab Automobile Parts AB and the intellectual rights to the Saab 9-5, however, were not part of the deal, since it all still belongs to GM.
The National Electric Vehicle Sweden AB (NEVS), a Swedish company brought together in the spring of 2012 with the aim of buying back Saab, is financed by a Chinese group – that specializes in alternative energies – and some investors from Japan.
The group wants to design and produce, at the Trollhättan plant, an electric car based on Saab's 9-3. The vehicle is expected to hit the Chinese market in 2013-2014; at the same time a new model should see the day.
"China is investing heavily in developing the EV market, which is a key driver for the ongoing technology shift to reduce dependence on fossil fuels," said Kai Johan Jiang, founder and main owner of National Modern Energy Holdings Ltd, the majority shareholder of NEVS.
"The Chinese can increasingly afford cars; however, the global oil supply would not suffice if they all buy petroleum-fueled vehicles. Chinese customers demand a premium electric vehicle, which we will be able to offer by acquiring Saab Automobile in Trollhättan."
Saab Automobile Parts AB and the intellectual rights to the Saab 9-5, however, were not part of the deal, since it all still belongs to GM.