Wednesday, 27 May 2015

Nevs grows with two Chinese strategic part owners

Together with two new Chinese part owners Nevs will establish its second global factory with focus on electric vehicles and a second global research and development center in the city of Tianjin, neighboring Beijing City and Hebei Province, three highly-integrated economic regions with a population over 100 million.

With the new part owners, Tianjin city’s Tianjin Binhai Hi-tech industrial Development Area (THT), and the Beijing State Research Information Technology Co., Ltd. (SRIT), Nevs has got two new strategic partners.

Tianjin is one of the biggest coastal cities in China and has significantly promoted new energy vehicles both in the form of consumer subsidies and official procurements.

The Tianjin city’s fast growing national level demonstration zone THT embraces a long history of automotive industry. Here is where the joint venture production plant will be built. This will give Nevs a strong foothold on the increasing EV market in the area and China, as well as provide Nevs access to the existing automotive supplier base in the region.

SRIT is a pioneering IT service provider owned by China’s Research Development Center of the State Council, and the telecommunications giant China Unicom.

As software services and connectivity as well as new energy vehicles are the major and increasing trend within the automotive industry, the cooperation with SRIT and its owners will give Nevs a unique possibility to place itself at the forefront of connectivity for the future. SRIT as a partner will also open up more opportunities for Nevs.

The first car that will be produced in the plant in Tianjin is an electric vehicle based on Nevs’ technology, followed by a diversified EV and portfolio of battery electric vehicles and EVs based on Nevs’ new developed vehicle architecture.

“Nevs’ focus is to produce high quality electric vehicles with China as its initial main market. The long-term cooperation with the development area THT in Tianjin and the IT pioneer SRIT will help us achieve our vision and our goal of a global strategic presence and is an important addition to the resources we have in Trollhättan”, says Nevs president Mattias Bergman.

Mikael Östlund
Director Communications and Public Affairs
Tel: +46 5208 5100
mikael.ostlund@saabcars.com
www.saabcars.com

Tuesday, 7 April 2015

April meeting this Wednesday

This Wednesday (8th) is the next meeting of East Sussex Saab.

We will be at the The Cricketers Arms, Berwick. Meeting starts at 8pm.

MAP

See you there.

Thursday, 19 February 2015

A composition to get Nevs out of reorganisation

National Electric Vehicle Sweden AB, Nevs, provides unsecured creditors a composition proposal in order to exit the reorganisation. It creates the conditions for completion of ongoing negotiations with two major OEMs and the implementation of a new business plan together with partners and owners. Nevs’ owners and management has noted the difficulty of completing this type of complex negotiations during a reorganisation and the risk premium it implies. The current negotiations, together with two major OEMs, are mainly focused on two tracks that are complementing each other. One is to form a technical joint venture company in Trollhättan and the other is to introduce a new majority owner in Nevs, with the plan of making Saab cars a global premium product.

-     The negotiations are progressing but we also see the complication of reaching an agreement when we are in a state of reorganisation. Our main owner has single-handedly financed the reorganisation and intends to get us out of it. In order for this to be possible financially, we need to reach a composition arrangement with the creditors, says Nevs CEO, Mattias Bergman.

The composition proposal includes a composition of 50 percent for unsecured creditors on claims over 500'000 SEK. Meaning that from a total of 573 creditors 469 will get their full claim paid, and 104 creditors will have their claims above 500’000 SEK reduced by 50 percent.

-     Provided that Nevs’ composition proposal is accepted, it is my judgment that the prerequisites are favorable to also reach an agreement with a financially strong OEM, and thereby enabling a continued business potential for the creditors. With this said, it is my opinion that accepting the composition proposal is advantageous for the creditors. The alternative of a liquidation would likely result in a lower dividend several years later, says the Administrator, Attorney Lars Eric Gustafsson, Hamilton Law Firm.

All creditors are invited to an information meeting at Nevs in Trollhättan on 26 February.

Attached is the Administrator Report. Click here to read it on Hamilton law firm’s website. 

Thursday, 12 February 2015

20% discount on Saab Fixed Price Services

To celebrate the new year, selected Saab service centres are offering you an exclusive discount of up to £50.00* on your Saab service to help you save more this year. The Saab Original range is perfect for all Saab drivers who want quality at competitive prices designed by Saab for your Saab.

Reasons to be cheerful – Your service options

Oil Service £129 £99


  • Oil and filter change
  • Comprehensive vehicle check and report including lights, battery, coolant level, drive belts, braking system, steering, exhaust system and much more
  • Pollen filter change
  • Full vehicle road test

Annual Service £249 £199


  • Oil and filter change
  • Air filter, pollen filter & fuel filter change
  • Check drive/ribbed belts
  • Check lights and electrics
  • Check transmission
  • Check brakes – pads and discs
  • Check tyres – adjust tyre pressures
  • Check underside
  • Check windscreen and windscreen wipers
  • Check/correct windscreen washer level
  • Full vehicle road test
For further details, including participating garages, and to download your voucher, visit www.saabparts.com.


Saturday, 7 February 2015

February meeting new location

February's meeting will join up with UKSaabs for their Surrey and Surrounds meet.

Because of this the meeting will be held outside of East Sussex for this one-off event.

Wednesday 11th February 2015
7.30PM
Headley Hills Restaurant & Bar (Formerly The Cock)
Church Lane
Headley
Surrey
KT18 6LE

MAP

Hope to see you there.

 
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