What interests us about the development in Sweden? First and foremost it is the fate of the old Saab factory. That perhaps a tradition could have a future here, even if the vehicles no longer carry the familiar lettering, comes first.
After the arrival of Evergrande, things seem to be relaxing in the north. For the first time in a long time NEVS announces new jobs. The jobs are offered in research and development, but also toolmakers are sought. There is nothing to be found for the work itself, and it would be premature to hope for that.
Firstly, larger investments in the former Saab factory are needed and, secondly, so far there is no product in sight that could be successfully marketed in Sweden and Europe. With the 9-3 EV on Saab basis to go, you can save yourself. Because these plans have already been criticized in the Chinese press. Platform and body concept behind it - 17 years after their launch and beyond all Saab sentimentality. Anyway, the exciting question is what main shareholder Evergrande is planning with NEVS. Because the latest events in China ask questions about the long-term strategy.
Question mark - where is Evergrande heading?
On the 25. January founded Xu Jiayin a new company named "Evergrande New Energy Vehicle Co. Ltd." The registered capital of 2 billion US $ is abundant, and the purpose of the company covers with the 4 subcontractors the complete value chain for electric cars, research and development and sales. On the 20. In February, the name changed to "Evergrande National New Energy Vehicle Group Co.Ltd." And it is noteworthy that all activities took place after entering NEVS.
Whether NEVS will play a major role in the development of the emerging group is not clear and remains in the realm of speculation. Because at the 28. February proclaimed Evergrande, in Zengzhou to establish a manufacturing for batteries and electric cars. From Sweden, Trollhättan and the plans for the "brand" NEVS and Europe no trace. And not a word about the factory in Tianjin and the production license for the NEVS EV.
Electric cars have a fairly short development time. Assuming sufficient liquid funds and competent developers, a finished, modern product can roll off the tapes in 12 to 18 months. Chinese startups for electromobility make it, Evergrande could follow suit. The now beginning cooperation with Koenigsegg, the start-up in China. A real strategy can not be read out yet. The fate of the old Saab factory remains uncertain, even if the clouds over the Stallbacka slowly disappear.