As we reported last month start-up start-up business National Electric Vehicle Sweden (NEVS) emerged as the front runner to buy Saab. Now it’s official, the sale has gone through.
These paragraphs from the NEVS press release (available in full after the break) tell us what to expect from the new new Saab:
NEVS is an international consortium formed by Japanese, Swedish and Chinese stakeholders. The company will establish a new automobile venture in Trollhättan, solely dedicated to development and manufacturing of electric vehicles (EVs).
The first model to be developed will be based on the current Saab 9-3, which will be modified for electric drive using advanced EV technology from Japan. Launch is targeted at year-end 2013/2014.
In parallel with EV conversion of the Saab 9-3, an all-new model will be developed, based on additional cutting-edge technology from Japan. Marketing and sales will be global, with an initial focus on China, projected to be the largest and most important EV market.
Worth pointing out, though, is this sale is for the assets of the bankrupted Saab only: “Saab Automobile Parts AB, as well as intellectual property rights for the Saab 9-5, owned by General Motors, are not included in the purchase agreement.”
Reaction has been mixed over at the Saabs United blog, with this editorial summing up the mood: “The Saab we knew is essentially history, and a clean start focusing on future technology is what’s ahead.
“What I find most heartening about the new owners is that they are looking to pursue cutting edge propulsion technology to contribute to the most economical, environmentally sound, and best driving experience. This isn’t unlike the first Saab engineers using a two-stroke engine, or the addition of a turbo to a mainstream vehicle that made the 99 so damn enjoyable to drive.”