The lights threaten to go out at National Electric Vehicle Sweden (NEVS), the Swedish electric car subsidiary of the Chinese real estate group Evergrande. NEVS is laying off 320 of its 340 employees.
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Sono Motors has changed the contract manufacturer for the series production of its Sion and increased the price of the solar electric car. In addition, a new production location has been found for the solar vehicle.
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Sono Motors plans to offer 10 million ordinary shares in its planned US IPO. The German solar car start-up says the placement price per share is expected to be between US$14 and US$16. Sono has applied to list its common shares under the symbol ‘SEV’.
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In-wheel motor specialist Protean Electric is getting a new owner. The British EV supplier and manufacturer Bedeo is taking over from National Electric Vehicle Sweden (NEVS), an Evergrande subsidiary that is currently feeling the parent company’s troubles.
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Although Sono Motors already announced in 2019 that it would have its Sion solar electric car produced by National Electric Vehicle Sweden (NEVS) at the Swedish site in Trollhättan, there is apparently no binding production agreement to date. We asked the Munich-based company about this.
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National Electric Vehicle Sweden (NEVS), the Swedish electric car subsidiary of the heavily indebted Chinese real estate group Evergrande, is looking for new owners. NEVS CEO Stefan Tilk has now confirmed talks with several investors.
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The Chinese real estate group Evergrande looks like it is on the verge of withdrawing from the automobile business. According to a media report, the indebted group is looking into selling the division to other Chinese carmakers.
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More details have been revealed about the Chinese Evergrande Group’s ambitious electric car plans: Evergrande has now announced the first six models to be offered under the Hengchi brand.
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National Electric Vehicle Sweden (NEVS) has presented a mobility ecosystem for autonomous electric vehicles for sharing services, under the name PONS. At the heart of the ecosystem is the autonomous Sango electric vehicle for up to six passengers.
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The Chinese Evergrande Group has announced its intention to take over National Electric Vehicle Sweden (NEVS) entirely. The acquisition of the remaining shares is to be completed by autumn.
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The extremely ambitious electric car plans of the Chinese Evergrande Group are becoming more concrete: In Huzhou in Zhejiang Province, local media reported that the ground-breaking ceremony for a production facility of Evergrande for electric drive systems has now taken place.
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The Munich-based German startup Sono Motors has just radically changed its financing strategy. Instead of relying on strategic investors, Sono will now increase its focus on crowdfunding. The production date of the Sion is also shifting significantly.
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The Chinese Evergrande Group has invested a further 3 billion US dollars into its Swedish subsidiary NEVS as well as concluding strategic cooperation agreements with no less than 60 suppliers for its electric car plans.
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The Chinese real estate group Evergrande is bringing further expertise from Germany on board for its ambitious electric car plans. The Paderborn-based supplier Benteler and development service provider FEV from Aachen are now among the partners.
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The Chinese real estate group Evergrande is underpinning its extremely ambitious electric car plans by setting up a joint venture with the German drive specialist Hofer Powertrain to develop and produce electric drives.
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Saab successor NEVS (National Electric Vehicle Sweden) has started series production of the electric sedan based on the Saab 9-3. The NEVS 9-3 is now rolling off the production line at the plant in the northern Chinese port city of Tianjin.
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The Chinese real estate group Evergrande Group is investing the equivalent of around 23 billion US dollars in the construction of three plants for electric vehicles and their components in Guangzhou.
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The Saab successor company NEVS (National Electric Vehicle Sweden) is taking over the British wheel hub motor specialist Protean Electric. NEVS intends to use the ProteanDrive electric drive technology in future electric cars.
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Solar electric car startup Sono Motors announces the European production partner for the first Sion EV. National Electric Vehicle Sweden (NEVS) takes charge of manufacturing at the Trollhättan-site from mid-2020.
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The Chinese real estate group Evergrande Group announced that it intends to start production of its first electric vehicles in June. The company will use production technologies from Saab and Koenigsegg.
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Chinese-owned Saab successor NEVS (National Electric Vehicle Sweden) has invested 150 million dollars to acquire 20 per cent of the shares in the Swedish sports car manufacturer Koenigsegg. The deal is part of a strategic partnership between the two manufacturers.
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Chinese corporation Evergrande Health Industry Group – Faraday Future’s disputed investor – has made a major investment in Chinese-owned National Electric Vehicle Sweden (NEVS) formerly Saab. Evergrande acquired a majority of NEVS shares at 51 per cent for a price of 930 million US dollars.
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The Swedes (kind of) are coming to Shanghai as NEVS establishes both a new production facility and innovation centre in China. Their approach is trifold though with new partnerships to grow networks in not only transport but energy and information as well.
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The Chinese Uber equivalent DiDi Chuxing has cancelled their cooperation with Saab owner National Electric Vehicle Sweden (NEVS), announced at the end of 2017, to develop a specialised EV for the ride-share service, according to rumours.
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The Chinese investment firm GSR Capital, who had wanted to buy Nissan’s battery section last year, has invested 500 million dollars in the Saab successor National Electric Vehicle Sweden (NEVS).
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Saab successor company National Electric Vehicle Sweden (NEVS) has started serial production of the 9-3 EV in China. As reported, the model is basically the former Saab 9-3 with an electric drivetrain.
Read moreSignificant changes at Audi: Electrification is the new norm, or shall be in Ingolstandt and so Audi decided to get rid of power output designations such as 2.0 TFSI oder 3.0 TDI. Instead, two digits that stand for the output in kW followed by the actual motor technology such as TFSI, TDI, g-tron, or e-tron shall describe each variant. Audi explains this step with new technologies taking over in the future, which will make cylinder capacity less relevant for customers.
greencarcongress.com, audi-mediacenter.com
Latest tease for Nissan Leaf: The countdown is on for the launch of the next-gen Nissan Leaf and so the Japanese continue to serve one little piece of tease after the other. Not sushi of course but an animated video and a snapshot of the rear light. However, the web was faster as usual so the full menu, meaning a naked Leaf and spec, have been put on the table already.
greencarreports.com
First view of the Mercedes EQA: We missed a tiny little detail when announcing Mercedes’ IAA line-up lately. If you look very closely, you can discover the compact EQA already in the picture.
electrive.net (picture)
New NEVS investors: Saab successor NEVS has got a new co-owner in Beijing Zhenghuon Technology, an investors group that just poured 108m dollars into National Electric Vehicle Sweden. Didi Chuxing, China’s equivalent to Uber, is also thinking about taking a stake in NEVS, and “discussions have been going on all summer,” according to NEVS CEO Stefan Tilk.
just-auto.com, saabplanet.com
German design for Chinese EVs: WM Motors has turned to Isdera, a design and engineering firm based in the German town of Saarwellingen and led by former Porsche engineer Eberhard Schulz, to give their electric cars some substance. Founded in China last year, WM Motors wants to cooperate across all business areas with Isdera, including manufacturing and raising capital.
autonews.com, autonewschina.com
Indonesia’s EV incentives: A new policy by the Indonesian government wants to favour electric and hybrid vehicles by granting them a break from taxes. The goal is to reduce emissions by 29 percent by 2030 and the Ministry of Industry, intends to make its plans public by the end of the year.
nikkei.com
JV for LEV: ZF believes micro mobility is the future and has set up a joint venture with Magura, BrakeForceOne and Unicorn Energy to work on two, three, and four-wheeled electric solutions. Magura has been active in the e-bike segment for some time, being Bosch’s preferred service partner in the early days. Unicorn Energy is to take on battery technology and the JV plans to present first models by late summer this year. The Eurobike show might see the launch as Friedrichshafen is also home to Zukunft Ventures as the JV is aptly named. (Zukunft means future in German.) ZF marked logistics but also passenger transport as segments for its light electric vehicles and will deliver respective drive trains.
zf.com
Daimler & BAIC to build PEV: Germany and China tighten relations as Daimler and BAIC agree to expand their cooperation to include hybrid and electric vehicles. The deal was sealed with the prime minister Li Keqiang and Chancellor Merkel in attendance in Berlin. In concrete terms, Mercedes-Benz will upgrade its factory in Beijing to produce new energy vehicles and agreed to acquire a stake in BAIC’s subsidiary Beijing Electric Vehicle (BJEV), that focuses on research and development.
reuters.com, autonews.com
This is the 9-3 EV: NEVS readies the electric version of the Saab 9-3 to debut at next week’s CES Asia together with its offspring 9-3X which NEVS positions as an SUV. First pictures have been released. Meanwhile, NEVS announced to set up a 9-3 carsharing scheme in China’s metropolis of Tianjin.
autoblog.com, motor1.com
390 km range EV from Korea: Expect an all-electric compact SUV from Korea early next year that is said to draw a range short of 400 km from a 63 to 70 kWh battery. If Autobild is to be believed, it will most likely be an electric Hyundai Kona with batteries from LG Chem or SK Innovation.
pulsenews.co.kr
Continental to supply Nio: The German supplier is to strageically cooperate with EV start-up Nio in the field of electric transport and smart solutions as well as automated driving. The coop also includes new car platforms and Continental is to continue to deliver tech for Nio’s ES8.
automotiveworld.com, electriccarsreport.com
Mild-hybrid from Audi: The upcoming A8 sedan scheduled to go on sale later this year, will be equipped with a 48-volt lithium battery and a belt-driven alternator/starter. It recuperates energy during braking and feeds it back to the battery.
autonews.com
BMWi on price par with ICE: BMW wants to sell its electric vehicles at a similar price to comparable gasoline-powered cars comes 2020, Bimmertoday reports from a symposium in Vienna. In order to lower costs, the Bavarians bet on nickel manganese cobalt batteries and a highly flexible architecture to enable an output range of 90 to 250 kW. Meanwhile the BMWBlog reports that the future iNext, due by 2021, will be a crossover similar to Jaguar’s I-Pace. It focuses on autonomy starting at level 3 but with the capability to allow for level 5, which essentially is full-autonomy, i.e. hands and eyes off.
bimmertoday.de (in German), bmwblog.com (iNext)
See the first Saab EV 9-3: Saab’s parent company NEVS is readying its the production version of its all-electric 9-3 to launch this June at the CES Asia in Shanghai. First spy shots already emerged and show a very Saab-like EV. Apart from the electric version with 300 km range, there may also be a 9-3 hybrid. The first 150,000 electric Saabs have reportedly been sold to Chinese Panda New Energy already.
carnewschina.com (with photos)
Tesla rethinks line-up: After teasing its upcoming electric truck Semi recently, Tesla added a few details. The Semi will utilise many Model 3 components, e.g. the electric motor, in order to enable high gross margins. Meanwhile, Elon Musk doubts his idea of an electric mini bus programme for future sharing services. His judgement builds on his previous prediction that in a fully autonomous environment, shared electric cars will essentially make large parts of public transport redundant.
electrek.co (Semi), electrek.co (mini bus)
Volvo’s first EV is going to be a compact model, specified R&D leader Henrik Green. It will be based on the compact car platform CMA and have the size of Volvo’s 40 series. Launch is set for 2019.
digitaltrends.com
Tata to electrify its Nano? After the Indian carmaker introduced its sub-brand Tamo with a sports car in Geneva, it wants to add an electrified small car to the line-up, reports Autocar India. Tata’s Nano could thus get an electrified twin, earlier photos of a corresponding prototype suggest.
autocarindia.com
Mitsubishi training certified: The Japanese group designed a three-day course to provide its UK dealer network with the tech knowledge required to work with hybrid and electric vehicles. The carmaker cooperated with the IMI to elevate the course to an industry-recognised qualification.
electriccarsreport.com
NEVS gets green light: Saab successor National Electric Vehicle Sweden (NEVS) has received government permission to manufacture electric vehicles in China. The factory in Tianjin is said to open its doors late 2017 and churn out 200,000 EVs per year. NEVS is the first company with international investors allowed to produce in China. At the end of 2015, NEVS had already bagged a billion-dollar deal for 250,000 EVs with Panda New Energy (we reported).
greencarcongress.com, electriccarsreport.com, nevs.com
Trumped? As reported, SHW lost a deal 100m euro deal to deliver electrical ax ear pumps to “the world’s leading manufacturer of all-electric vehicles,” presumably Tesla. The deal breaker was said to be compatibility with vehicle requirements, but it could also have been political. U.S. President Trump has said repeatedly that he wants to focus on local production. And, after all, Elon Musk does belong to Trump’s team of advisors.
handelsblatt.com
MEB completed: Auto News reports that Volkswagen has completed its modular architecture platform MEB. The first model to be built on the latter will be the 2020 VW I.D., followed by an electric SUV, of which the manufacture will premiere a first concept in April. Skoda is also planning five electric models by 2025, while Seat must still decide whether to kick off its electric future with hybrids or BEVs. Audi’s first all-electric SUV as well as the Porsche Mission E will not be built on the platform.
autonews.com
Hidden symbols Did you know that Tesla’s logo is not just a T? It’s also the cross section of an electric motor, as Elon Musk now revealed. Meanwhile, for the upcoming Model 3, the carmaker now replaced the three horizontal stripes with the actual number 3.
electrek.co (Tesla logo), insideevs.com (Model 3)
Supra update: Autocar reports that the new hybrid variant of the Toyota Supra, which is being developed together with BMW, will launch under the Gazoo performance brand in 2018. Other hybrids could then also be marketed under the brand in the future.
autocar.co.uk
Small electric car: Tata Motors is apparently thinking about launching an all-electric version of its subcompact car Nano. The concept was already shown at the Geneva Motor Show back in 2010.
motoroids.com
