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 Evergrande's entry, things seem to be easing up north. For the first time in a long time, NEVS is announcing new jobs. Jobs are offered in research and development, but there is also a demand for toolmakers. Nothing can be found for the work itself, and it would be premature to hope for it.
Firstly, larger investments are necessary in the former Saab factory, and secondly, there is no product in sight that could be successfully marketed in Sweden and Europe. There is no need to start with the Saab-based 9-3 EV. Because these plans have already been criticized in the Chinese press. The platform and body concept are behind them - 17 years after their launch and beyond all Saab sentimentalities. The exciting question is anyway what main shareholder Evergrande is planning with NEVS. Because the last events in China raise questions about the long-term strategy.
Question mark - where is Evergrande heading?
On the 25. January founded Xu Jiayin a new company called “Evergrande New Energy Vehicle Co. Ltd.” The registered capital of 2 billion US $ is lavish, and the company's purpose with the 4 sub-companies covers the entire value chain for electric cars through research and development to sales. On February 20, the name was changed to “Evergrande National New Energy Vehicle Group Co.Ltd.” and it is noteworthy that all activities took place after joining 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 on February 28, Evergrande announced in Zengzhou want to establish a manufacturing facility for batteries and electric cars. No trace of Sweden, Trollhättan and the plans for the “brand” NEVS and Europe. And also 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.