Koenigsegg AB is forming a strategic partnership with NEVS AB
Koenigsegg AB is establishing a strategic partnership with NEVS AB, enabling the development of parallel vehicle models in slightly higher volumes with emphasis on electrification, as well as strengthening growth opportunities in the hyper car segment.
NEVS is making a capital injection of EUR 150 million, taking 20 percent minority stake in Koenigsegg's parent company. 150 percent in and out of 65 percent in terms of 35 percent in terms of equity, technology licenses, and product design.
The partnership will deepen an already existing collaboration between Koenigsegg and NEVS, creating synergies between their geographical footprints, experiences and competencies.
Koenigsegg already has a unique market position for hyper cars, and through the additional joint venture NEVS and Koenigsegg are partnering up to develop a product for new and untapped segments.
Through NEVS production facilities in Trollhättan, Koenigsegg wants access additional capabilities as well as benefiting from the extensive automotive knowledge in the region, while maintaining their center of excellence in Ängelholm. Alongside NEVS capacity for production in Trollhättan and China, NEVS through its majority owner Evergrande, has become one of China's largest car retailers.
"Koenigsegg is breaking new ground, capitalizing on our unique technology, performance track record and market position to explore and develop new products. This partnership seeks to create the best conditions for equity in accelerated growth in the hyper car market, as well as to make it possible to break into an untapped market segment together with NEVS. We are looking forward to working together with NEVS to develop a sustainable future. "says Christian von Koenigsegg, Founder and CEO of Koenigsegg.
Koenigsegg is an enticing company developing advanced cars with unique technology and with a customer base that is one of a kind. To be able to expand our investment in the Swedish automotive industry. Koenigsegg on their journey forward, something we look forward tosays Kai Johan Jiang, Chairman of the Board of Directors at NEVS AB.
Very exciting! Will NEVS take the turn again? Koenigsegg is something very fine, please continue to report!
... wait and see it tumble off the conveyor belt, exciting!
Well roared lion, er Herbert. I see it the same way, but I can not describe it that much.
I had to read that three times to process it to some extent ...
And yet the vision behind it is far from clear. Kai Johan Jiang is now a shareholder in Koenigsegg. The play money comes ultimately from Evergrande.
The high-born Christian von Koenigsegg talks about accelerated growth in the hyper car market as if it were a mass market and he was Henry Ford ...
And because it doesn't make any sense at all, you set up a joint venture from which guaranteed (but guaranteed) some ominous product will emerge that we will all want to have (but something of absolute). A few well-born ideas and 150 million from KJJ and that's it. Something big is coming that will change the world ...
All this is just a single marshalling yard with lots of wagons that are overloaded with millions, even billions, with changing ownership shares, with castles in the air and a lot of vanity on the part of those involved and are shifted and recoupled in fast motion. And all of this against the background of an enormous dynamic, also in terms of political framework conditions. The SAAB thriller pales into a sedative pill ...
What's coming soon?
Super formulated!
If Koenigsegg wanted to participate in technology developments, wouldn't Volvo be a better partner? Especially with the new sub-brand Polestar, new paths would have emerged ...
I dont know.
But it would be exciting to know what the partners really promise each other?
Then one could think about the chances of realizing their respective dreams.
Realistic in an industry that has long been shaped by takeovers, consolidation and bankruptcies. An industry that recently can and is hardly allowed to rely on the political and social framework for its patents, developments and products ...
In this respect, doubts are indicated per se that KJJ and CvK really know what they are doing and what they have gotten themselves into. Unless they see it all as just a game and a marshalling yard for (private) assets and liabilities. There's always something going on, regardless of whether it's real estate or automobiles ...
Maybe they talked to each other about some whiskey and cigars and then laughed off to sleep before professional staff poured the deal into nice-sounding, non-fierce press releases.
This business crime is getting more exciting.
I would be a bit more reserved with wild speculation! The disruption of the auto industry is profound. Something is shuffling here. Wait, sit back and see what happens.
Exciting development! Suddenly, NEVS has money and invests in shares in Koenigsegg. Finally, movement comes into the story.
It is certainly interesting that Koenigsegg is apparently allowed to use the plant in Trollhättan with the deal. Which makes sense from that point of view. So far I thought that manufacturers like Tesla or similar would position themselves here, but NEVS probably had no interest in having a direct competitor produced in the “main factory”. The second question is what kind of cars Koenigsegg will then build. I can hardly imagine building these “normal” cars for everyone.
My prediction: First and foremost, the Koenigsegg plant in Tianjin is of interest. It opens the access to the largest luxury car market in the world, Trollhättan stands only on point 2 of the list.
Maybe there is another topic that could be an advantage for Koenigsegg. Perhaps one or the other still remembers the Freevalve technology that Koenigsegg has developed for valve control without camshaft (s). Except in his own engines, it is, as far as I know, still used nowhere, but has probably been licensed to Qoros.
When vehicles with this technology come onto the market and prove their reliability, Koenigsegg may finally be able to obtain the expected profits from the funds flowing into this development through further licensing.
The future will show how that will actually look like, whether it is a Qoros assembled in Trollhättan, a NEVS Hybrid with a Qoros engine, or a Koenigsegg in the Porsche segment.
Under certain circumstances Koenigsegg also sees the possibility of realizing part of the future plan for Saab, which he must have had with his takeover plans at that time. No matter what the name of the product comes from, he must have seen some market for a second Swedish car brand, otherwise he would never have been involved.
This is interesting information and thoughts.
Quite plausible that a Christian von Koenigsegg may be looking for more and affordable models for a larger market segment.
It seems to me that the entire automotive industry and motorized individual transport are facing upheavals that can be compared with those of shipping shortly after the turn of the century before last. At that time, even well after 1900, conservative shipowners still laid full ships of more than 100 m in length and put them under sail with absurdly large crews. The “modern” steam (expansion machines) had not yet been trusted. Other contemporaries were two or three steps further. Steam engines (let alone square sails) were no longer considered to be progressive or even just contemporary. They were already relying on engines or even turbines ...
As Hans S. already wrote: “The question is and remains; is anyone waiting for such a product and such a collaboration? "
Of course, that depends on the product. But increasingly also from the politically set and daily changing framework conditions. Difficult waters ...
The question is and remains; is anyone waiting for such a product and for such cooperation?
I hardly think so.
The train is just downhill and not catch up. There have been too many mistakes in the last 7-8 years. as that would not affect.
The question is which product we are talking about? Access to parts of Koenigsegg technology opens up completely new options. It depends on what Evergrande-NEVS makes of it.
So Koenigsegg gets 150 millions and can use the Fabrk (or what's left) in Trollhättan. That would be a more realistic chance for new cars "made by Trolls". But I will probably be too expensive.
Great thing ... I'm a little speechless! The other day Mr. Koenigsegg was at Jay Leno's garage ... (about 4 months ago) I asked myself if such a combination is possible, yes and now this message.
Steven Wade wrote the news on Koenigsegg's blog ... a crazy combination of everything.
Joint ventures, new financiers or any new constructs but delivered by NEVS are nothing years ago.
Maybe it will be enough for a bad movie at some point.
Hopefully Koenigsegg won't disappear in China and then reappears there as a “dragon racer”! Perhaps this will also be a test vehicle for the alternative drive: hydrogen! I'm not at all convinced about electric vehicles, but hydrogen propulsion would be an interesting thing! I'll wait another 5-6 years, then it's my 9-3er
15 years old u. then has much more like 250.000 km on it, then look.
What kind of hydrogen drive do you mean?
Rocket engine, combustion engine or fuel cell?
To my knowledge, the latter is energetically the cheapest. If it were a conventional combustor, the thermal losses and the (low) efficiency would be as with today's engines. Hydrogen and electric vehicles are not mutually exclusive. On the contrary.
I am also not convinced of the current state of electric vehicles. And I would see a multitude of problems approaching us if this technology with all its unresolved questions were legally prescribed ...
Just imagine an e-filling station on the motorway during the holiday season. In order to replace even one of the petrol pumps available today (around 12 per tank), around 20 charging stations would be required due to the charging times. So 240 for a normal-sized motorway gas station. And only "only" 240 and the same number of parking spaces if everyone is ready to charge their car quickly within an hour and thus significantly shorten the life of the expensive batteries ...
Otherwise you would need 480 or even 960 charging stations and parking spaces to replace one of today's motorway service stations. For the crowds who would accumulate there and wait for the loading time, it would need offers. At an average 3 occupants and 0,1 dogs per vehicle so for 1.440 to 2.880 people and just 50 to 100 dogs. Each gas station would have to have the size and infrastructure of a small town in the future. Madness. Pure madness!
Hydrogen could actually be refueled - in contrast to electricity. But also for fuel cells. And because of the higher efficiency I would (with the same amount) with this even much further than with a rocket engine or an internal combustion engine.
I am a petrol head and I like the sound. But with an energy-efficient electric vehicle that could be refueled (such as the fuel cell), I could actually make friends.
Unfortunately, we are currently heading towards the hour-long interruption to arrival and departure and towards artificially forced small towns. With some effort, I could estimate the energy and environmental balance of this madness, but with the already predictable result in my head, I could no longer sleep well today. So I leave it ...