Koenigsegg And NEVS Join Forces To Take On The World

30 January 2019 - motor1

Koenigsegg And NEVS Join Forces To Take On The World

It's big news for the Swedish auto industry.

National Electric Vehicle Sweden (NEVS) has invested 150 million euros to acquire a 20-percent stake in the parent company of Swedish hypercar builder Koenigsegg. The companies say that they intend to develop vehicles together and put an emphasis on electric models.

NEVs and Koenigsegg don't provide much specific information about what they are creating, but the businesses describe the undertaking as "partnering up to develop a product for new and untapped segments, leveraging both of the companies' strengths."

As part of the deal, NEVS and Koenigsegg are also forming a new joint venture company to focus on intellectual property, technology licenses, and product design. NEVS has 65-percent ownership of this business, while Koenigsegg controls the remaining 35 percent.

One of Koenigsegg's major benefits from the arrangement is gaining access to NEVS' factory in Trollhättan, Sweden. The hypercar firm might also be able to take advantage of its new partner's distribution channels in China, which could open up new sales for the automaker there.

Swedish car fans might notice that this partnership has a fascinating historical footnote. In 2009, Koenigsegg took a very serious run at buying Saab from General Motors, but the deal fell through. Later, China's National Modern Energy Holdings Ltd and Japan's Sun Investment LLC partnered to create NEVS, and the business bought Saab in 2012. Following a bankruptcy, Saab AB, the defense contractor best known for its fighter jets, revoked NEVS' right to use the brand name and griffin logo. With this new partnership, Koenigsegg finally established some kind of connection with Saab as an automaker, even if it didn't go the way the hypercar maker wanted 10 years ago.

News By Tags

A1A2Acidentealfa romeoAlfa Romeo GiuliaAlgarveAmaranteaston martinauctionaudiAudi A6Audi e-tronAudi q8Audi Rs6BarreiroBejabentleybikebikesBMWBMW 4 SeriesBMW 8 seriesBMW M3BMW m5BMW x7bmw z4bombeirosBragaBrasilBrazilBugattiCabrioCampeonato Nacional de Velocidadecar rentCarlos GhosnCarro elétricocarros usadosCascaisCastelo BrancochinaChryslercitroenclassic carclassicsCoimbraconvertiblecoronavirusCrash Testcrash testsCristiano RonaldoCupradaciaDacia Dusterdieseldiesel scandaldrag raceelectricemissionsEspanhaEstacionamentoestradasEuropaeuropeevFaroFCAFerrariFiatFiat 500Fiat 500eFiat 500XFiat PandafordFord FiestaFord Focusformula 1FranceFrankfurt Motor ShowGeneva Motor ShowGermanyGNRGondomarGuimarãeshondaHonda CivichybridHyundaiitaliaItalyJaguarjeepJeep WranglerkiaLA Auto ShowLamborghiniLancialand roverLand Rover DefenderLand Rover DiscoveryLeirialexusLisboaLisbonLouléMadeiraMaiaMarco de CanavesesMatosinhosmatrículasmazdaMazda CX-5Mazda MiataMcLarenMercado automóvelmercedesmetrominiMini CooperMini CountrymanMitsubishiMorganMOTOCROSS E ENDUROmotorcyclemotorsportNew York Auto ShownissanNissan LeafNissan QashqaiOlhãoopelOpel CorsaOpel MokkaPalmelaParedesPeugeotPeugeot 208Peugeot 508Peugeot 508 SWpolicePonte de LimaPorschePorsche 911Porsche CayennePorsche TaycanportagensPortoPortugalProdução automóvelPSAPSPradaresRalicrossRange RoverrecallrenaultRenault DusterRenault MeganeRenault Zoerent a carrestorationsafetysafety ratingsSafety testsSamsungSanta Maria da FeiraSantaremseatSeat CupraSeat LeonSeat TarracoSergio MarchionneSetubalSintraskodasmartspainspy shotssubarusupercarssuvsuzukitaxitechnologyteslaTesla Model 3Tokyo Motor ShowtoyotaToyota Hiluxtoyota supratrucktuninguberukUnited StatesUSAvendasVendas de carrosViana do CasteloVieira do MinhoVila Nova de FamalicãoVila Nova de GaiaVila RealVila VerdeViseuvolkswagenVolkswagen GolfvolvoVolvo XC40vwVW CaddyVW golfVW PoloVW T-Roc
Sell Your Car