There are articles, the headline is already difficult. What happened yesterday in Trollhättan, and what impact will the events have on the old Saab factory? The attempt of a summary.
Wednesday, the 25. October in Trollhättan. It seems to be developing significant. NEVS has requested the press conference. On-site are founders Kai Johan Jiang, Prime Minister Löfven, Mayor Akerlund, CEO Tilk and Liu Haijiang as delegate of DiDi Chuxing. High-caliber could not be occupied the round, at least not in Trollhättan.
Signed is the strategic partnership of both companies. DiDi will buy electric cars from NEVS, they want to develop together, and they want to invest a lot of money. Everyone is happy, everyone is confident, a great day for the location Trollhättan.
NEVS publishes a following Press release. That was it.
We have had the privilege to learn from NEVS in the past. About the communication culture of Chinese companies, for example. Yesterday does not disappoint in this respect either. So let's summarize: In advance, an investment of almost half a billion euros is spoken of. The sum will not appear anywhere later, nor will it be mentioned in any communication. It will also remain unclear in what form and scope DiDi will participate in NEVS. As a shareholder, as a majority shareholder, or with a newly founded joint venture?
Completely in the fog remains the importance for the location Trollhättan. The first exuberance speaks of additional jobs in the stablebacka. Until striking, that no numbers are called. And that in recent months in the former Saab plant, the number of jobs of some 1.000 employees has been reduced to estimated below 700.
Another interview with Kai Johan Jiang Sveriges Radio also brings little enlightening, and certainly no hard, verifiable facts. The content: DiDi Chuxing becomes co-owner, the future cooperation will be comprehensive. DiDi will buy electric cars from NEVS, which of course will be the best in the world. The investment is substantial and divided into several steps.
After all, the first funds have already arrived, which should at least defuse the liquidity crisis for the moment. Presumably this is the 25 million US dollars announced by Stefan Tilk in an earlier interview. Money to survive the next few months, nothing more.
And definitely, according to Kai Johan Jiang, NEVS will build cars in Trollhättan in the future. But first in China.
Chinese State Theater yesterday in Trollhättan?
Not quite. More a touch of great politics. China expert Frédéric Cho sees yesterday as positive. As a signal that could be well received in Beijing. The mobility giant DiDi is fully on the political line of the party, Sweden and Saab have a good reputation in Asia. The liaison between the Stallbacka electric car startup and Uber rival DiDi that began yesterday is a first, small step. In the medium term, it could be good for all players.