Saab Sold to National Electric Vehicle Sweden

Jason Siu
by Jason Siu

The what seems to be the never-ending saga of Saab‘s bankruptcy may finally be at an end. It appears that a deal has been struck with the National Electric Vehicle Sweden (NEVS), a Swedish-registered firm that made a bid late last month.

As expected, nothing is confirmed yet, but according to Swedish media reports, an announcement could come as soon as the end of this month. NEVS is founded by a Hong Kong-based firm that specializes in alternative energy along with a Japanese investment fund. The exact amount of the bid hasn’t been disclosed but it’s believed that it was willing to pay around $208-$250 million for the defunct Swedish firm.

The news broke when Annika Wennerblom, city manager for Trollhättan (home of Saab), said she had been informed that a deal had been agreed upon. But of course that statement was redacted later on in the day by Peter Asp, head of information at the Trollhättan municipality.

One thing is certain: There is no immediate future where we’ll stop hearing about Saab building cars again.

[Source: The Local]

Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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