NEVS is negotiating to get more investors on board. This message passed last Friday P4 Väst in the world. Surprisingly, she did not come, the company in the coming months, huge investments in the house.
A decisive phase. NEVS needs a lot of money now.
The startup at the former Saab plant has several big tasks on the list. There is the new plant in Tianjin that needs to be ready for production. The company's first own product, an electric car that is partially based on the Saab 9-3, is scheduled to go into production in the second half of 2. In addition, there is the establishment of a supply chain, the development of sales and after-sales activities. Announced mobility services as well as a new generation of vehicles must be financed.
With the current shareholder structure, the company does not seem to be able to realize the investments. NEVS would like to take on board more investors who bring liquidity and synergy effects, but do not necessarily have to be from China. At the same time, discussions are being held with manufacturers who could use the Trollhättan production facility with additional production. in the InterviewMattias Bergman gave EFN last week, it can be read.
This is not new. Already two years ago, during the Saab Festival 2015, these issues were a more or less publicly discussed topic. Since the beginning of the year, NEVS's manufacturing division has been working on a new start under a new management, and since the winter of 2016 / 17, Trollhättan has once again been talking about the imminent entry of additional shareholders.
Time is running. If the schedule is to be kept.
Two things are certain. Time is of the essence if the electric car startup wants to even come close to meeting the schedule. The team from the Stallbacka can be compared to a crew that sets out to climb a mountain. You plan, buy the equipment, go to the base camp and then climb the mountain. Where does NEVS stand? We are currently busy packing our rucksacks, the long journey has not even begun.
All visions, all existing orders are only of value if you actually bring electric cars with the NEVS logo onto the street. But one thing is also certain - at NEVS, after almost 5 years, nothing is set in stone. The ownership structure will most likely not remain as it is. It will change, maybe several more times. Mergers with other startups may be on the cards, and one day NEVS may merge into another company.
Other newcomers with great ambitions have similar experiences. Lynk & Co postponed the European start because a sales structure had to be set up in China beforehand. From the end of the year, 700 outlets are to bring the new brand's vehicles to customers. A huge investment. But only a prelude to the planned global presence. The new Lynk brand can access the Geely and Volvo networks. A network that neither NEVS nor its current shareholders have available.
For Trollhättan, developments over the next few months are important. If the management succeeds in establishing the company on the market as a provider of high-quality mobility services over the next five years, then a number of additional jobs could be created in the city.
The question remains why CEO Mattias Bergman the message almost in the same breath with the announcement of the first Concept vehicles scattered? An answer, perhaps the only meaningful, could be that the entry of a new partner is imminent.