While giving up does not seem to be an issue at Evergrande Auto, the sales pitches for NEVS are continuing. At the same time, an era is ending in Sweden. The company tidies up in the Stallbacka and says goodbye to the inventory that is no longer needed for the future. And Sono Motors tests the Sion on the test stands at the development center.
Sale of NEVS
The matter is delicate. NEVS has hopes for the survival of Evergrande Auto (HK 0708), at the same time preparing for the possible separation. The news agency Reuters continues to report ongoing discussions with future investors or new owners.
The possible valuation of NEVS, the equivalent of € 862 million, raises questions. If the negotiations only revolve around the properties in Stallbacka and the business activities in Sweden, then it appears to be over the top. If you add the stake in Koenigsegg, the number would look realistic. Adding the Tianjin plant plus the existing production license would be too low.
Especially since it doesn't seem realistic that Evergrande would do without Tianjin. Production is only possible in this plant; it is indispensable for the start of production. The question arises, what exactly should be sold?
end of an era
NEVS cleans up and sells parts of the production systems, mostly industrial robots from ABB and Fanuc. The oldest robot that has one Auction house came to Stallbacka in 1996 and 97 with the launch of the Saab 9-5 OG.
With the great wave of layoffs that began in 2000, more robots were added, and they were also dismantled. Just like parts of the production line on which NEVS built the last Saab 2014-9 in 3. The irrevocable end of an era that began late and cautiously at Saab. Automation only moved into the plant with the 9000 and the support of the Fiat group. At that time, the Italians were considered to be world leaders in terms of production efficiency.
In Sweden people were only too happy to accept help. Because before that, the 900 OG was built with too much manpower. A circumstance that almost led to the brand being canceled.
Sono Motors tests in Trollhättan
NEVS creates space for the future. The old robots are no longer needed; whoever wants to produce in the factory will insist on modern systems. In 2023, the solar electric car from Sono Motors is to roll out of the former Saab factory into the world. With a three-year delay, which might already be too late, you can see the speed with which the market is changing.
Hey Sverige. pic.twitter.com/TxDm3f3T98
- Sono Motors (@SonoMotors) October 14, 2021
A team from Sono Motors has been in Trollhättan for a few days and is testing on the test benches. Production is planned to begin in around a year, and the city on Göta Älv would be back in the circle of car manufacturers.