Nevs and Dongfeng tie-up for long-term strategic cooperation

National Electric Vehicle Sweden AB (Nevs) and Dongfeng Motor Corporation (Dongfeng) signed a strategic cooperation agreement on August 17, 2015 to achieve global industrial synergies.

Since July 2015, Nevs has started working with Dongfeng on complete vehicle development projects to enhance Dongfeng’s technical strength and improve Nevs’ own development capability. Now both parties have agreed to expand their cooperation from technical development to further business areas such as global purchasing and distribution network.

Dongfeng has formed several strategic long term partnerships with other international major car manufacturers including AB Volvo and as a 14 percent shareholder of PSA. Dongfeng Motor, with several JVs in China including Peugeot, Citroën, Renault, Nissan, Infinity, Honda and Kia, is one of the world's largest automobile companies, with an annual output over 3.83 million units in 2014 and 1.83 million in the first half of 2015. A long-term and stable alliance with Dongfeng is of great significance for Nevs to achieve its business opportunity.

According to the agreement, Dongfeng will support Nevs on the construction of new energy vehicles production and R&D in Tianjin and the formation of Nevs’ sales and service with support from Dongfeng’s dealer network. Dongfeng will also support Nevs to achieve the new energy vehicle mass production.

Nevs will support Dongfeng on their own brands to meet regulations and technical specifications of overseas markets, and assist DFM to develop important markets in Europe and North America.

“Dongfeng is one of the leading vehicle company groups in the world. Through this cooperation, Nevs’ will be able to create industrial synergies, share the development costs, expand the supplier bases and increase the overall competitiveness for our own future products. This cooperation is one of the steps for Nevs to become a front-runner in the automotive industry, with focus on electric vehicles” said Mr. Mattias Bergman, President, Nevs.

DFM Brief Introduction

Dongfeng Motor Corporation (DFM) is the third biggest Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei Province. As of December 2014, DFM had in total approximately 176 000 full-time employees.

DFM is connected with a variety of international OEMs and produces a wide range of foreign products in China including those of Peugeot, Citroën, Renault, Honda, Kia, Nissan and Infinity. The total output in 2014 was 3.83 million units with revenue of 483 billion RMB.

In 2012 DFM acquired 70% of T engineering, a Trollhättan based engineering company and a spin off from Saab Automobile Powertrain, as their first R&D center overseas.

In 2014, DFG became the 14% shareholder of PSA Peugeot Citroën.

DFM is listed as no.113 in the world on Fortune 500. 

Mikael Östlund
Director Communications and Public Affairs

Tel: +46 5208 5100
mikael.ostlund@saabcars.com
www.saabcars.com

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This release was sent by Cision

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The construction of Nevs' Chinese factory in Tianjin starts June 28

  

To mark start of construction of Nevs' New energy vehicle factory in China, and the establishment of a R&D-center, a groundbreaking ceremony will be held in Tianjin June 28.

The Tianjin manufacturing plant will be Nevs' second global production base focused on EVs, initially for the Chinese market. Nevs' research, development and production will be managed from its headquarters in Trollhättan.

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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. 

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The reorganization of Nevs is prolonged

The District Court of Vänersborg, today December 11, decided that the Reorganization of Nevs shall continue for an additional time period of three months, until March 2, 2015.

“I am glad that the District Court has decided to prolong the Reorganization. We need the time the prolongation allows to concretize and finalize the ongoing negotiations” said Nevs’ President Mattias Bergman.

Mikael Östlund

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

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The first Saab cars delivered to partners in Sweden

April 15, 2014, the delivery of the first new Saab 9-3 Aero sedans for the Swedish market was initiated to the partner companies in Sweden.

Today the Saab cars are sold in Sweden to Swedish customers via online direct sales, which allow the buyers to test drive, make an order, then pick the car up at the Trollhättan factory. According to a recently signed cooperation agreement between Nevs and its Swedish partners, Saab cars test drives, together with the order & purchase support can also be offered in around twenty additional cities in Sweden.

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Specifications for the 9-3 Aero 2014

Information courtesy of SaabsUnited

Production of the Saab 9-3 Aero has started in Trollhättan, Sweden. This is great news for Saab customers and supporters around the world. This popular model is coming back in great form, as fun-to-drive as ever and carrying the legacy of innovation and Scandinavian design forward. Initially the cars will be sold to customers in China and Sweden. However, over time the Saab 9-3 Aero and other models will also be available to customers in other markets.

A new Saab 9-3 Aero Sedan 2014 will cost 279 000 SEK (approx $42618) including VAT with the six-speed manual transmission, and 289 000 SEK (approx $44145) including VAT with the six/speed automatic transmission. The price of this very limited edition of Saab 9-3 Aero Sedan includes free service for 3 years, roadside assistance insurance for 2 years and 3 years of cart injury guarantee.


Engine Specifications
Type: four-cylinder turbocharged straight engine all aluminum. Dual overhead camshafts. 16 valves. Double variable valve control. Twin balance shafts. Direct Injection. The Twin-scroll turbo. Intercooler. Direct Ignition system with one coil per cylinder.
Volume: dm3 1998
Max power: kW (HP) EEC at RPM 162 (220) at 5300
Max torque: Nm at RPM 350 ECC at 2000-4000
Fuel: 95
Front suspension: MacPherson strut with gas hydraulic shock absorbers, lower A-arm and heel-shaped
inhibitors.
Rear suspension: duel of multi-link suspension-type (4 links per wheel). coil springs, gas hydraulic shock absorbers, anti-roll bar.
Steering system: power steering (electro-hydraulic)
Brake system: front/rear Ventilated/vented Diameter, front/rear: 302/292 mm
Fuel capacity: litres in volume 62 (13,6 gal)
Curb weight: kg 1580-1620, (3 483-3 571lbs)
Max weight: kg 1985 – 2000 (4 376-4 409lbs)
Max roof load: 100 kg, (220,46lbs)
Max trailer weight: kg 1600, (3 527lbs)
Luggage space: dm3 461 (16,28 ft3)


Performance * M6/A6

• Top speed: km/h 240/235
• 0 to 100 km/h: sec. 6.9/8.6
• 80 to 120 km/h in fifth gear: sec. 11.5/–

CO2 emissions * M6/A6

• Variable driving: g/km 170/195
• Environment class: g/km Euro 5

Fuel Consumption * M6/A6

• City, 11.2 litres/100 km/12.8
• Country road, litres/100 km 5.2/6.0
• Combined, litres/100 km 7.4/8.5

Options
Exterior color: Jet Black Metallic (Standard), Diamond Silver Metallic (Optional)
Manual transmission, 6-speed Standard
Automatic, six-speed Optional 10 000 SEK
Compartment and Interior
Leather sports steering wheel, adjustable in height and longitudinal direction
Bucket seats in leather upholstery
Electrically operated and heated front seats with adjustable lumbar support
Decorative posts in Matte chrome door sides, on the center console and glove compartment
Night Panel feature
Trip Computer
Heat-absorbing glass
Sunshades with illuminated mirrors
Cup holders (2 front, 2 rear)
Adjustable armrest front
Rear center armrest, flip-top
Floor mats in textile


Body and exterior
Alloy wheel 10-spoke (Turbine) 18 “(AL90) with tire size 225/45
Sports suspension, lowered 10 mm
Day time Running Lights in the spoiler front
Dual sportavgasrör
Colour-matched bumpers and side skirts
Colour-matched side mirrors
Radiator grilles in matt metallic finish
Headlamp cleaning systems with a pressure-washer
Bi-xenon headlights with cornering lights, in ‘ wraparound ‘ window
Fog light rear


Comfort
Automatic climate control (ACC) with two climate zones
Cabin air filter for pollens and particles
Cruise Control
Rear parking sensor
Rain sensor for windscreen wipers
Electrically operated windows, electrically operated front and rear
Comfort Locking
Exterior mirrors, heated
Rearview mirror inside, automatically dipping
Electronic key with remote control for central locking
Automatic light length control
Headrests, rear Center headrest, retracting at all


Audio & Communications
Saab Audio with CD player
Premium sound system 150
Steering wheel controls for the audio and profile system and trip computer
Profile system for individual settings
Radioantenna in the rear window


Security & Anti-theft
Anti-lock braking system (ABS) with electronic brake force distribution
(EBD), panic brake assist (EBA) and brake control when cornering
(CBC)
Electronic Stability Systems (ESP ®)
Tire Pressure Monitoring
Air bags on the driver and passenger side, two-stage
The Airbag on the passenger side to disable PID, including status indicator
Anti-whiplash protection
Side ipact protection system Inc. roof-mounted curtain air bag, front, corporate
beam system and safety padding
Illumination dimming systems
Three-point seatbelts and headrests for all seating positions
Low anchors, front and rear
Isofix anchor points for child seats, rear
Upper attachment point for children, rear seats
Cargo Shift Protection
Load anchorage hooks in trunk
Immobilizer and anti-theft lock
Theft Alarm
Security lighting: Led and “follow-me-home” function
Headlight washers


Practical details
Center console with armrest and covered storage facilities
Coin Holder
12V outlet in the center console, front, as well as storage space between the chairs
Rear seats fold down, wholly or partly (60/40)
Ski Hatch
Tire Repair Kit


Visit the website here

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Production of Saab 9-3 Aero Sedan has started in Trollhättan

National Electric Vehicle Sweden AB has started production of the Saab 9-3 Aero Sedan with a petrol engine. Sales are initially focused in China with a small number of vehicles being sold directly from Nevs to Swedish customers via the Nevs’ website.

The car that is produced is a high-spec Saab 9-3 Aero Sedan with a 220 hp 2.0-liter turbo, a previously recognized high-performance engine of the Saab cars.

“I am very proud of the dedication and the focus that Nevs management and employees have demonstrated over the year that has passed since we became owners of the plant in Trollhättan, and who have made ​​this possible. Swedish expertise along with Japanese technology around batteries and new lightweight materials and our Chinese group’s focus on green technology is our strength for the future”, said Kai Johan Jiang, Nevs founder and main owner.

“It is truly a complex mission to start a car production process which has been still for two and a half years. It is very pleasing that we have embarked on a journey where we want to and will make a difference with our partners and customers. Our electric car will be launched next year, and already today we can offer Saab cars with continued high, proven performance and quality”, said Nevs’ President Mattias Bergman.

Nevs’ customers will be offered a first class and engaging customer experience. They will also be offered the opportunity to come to the heart of the Saab car brand in Trollhättan to take delivery of their vehicles. While doing so, they will be invited to visit our highly efficient factory with experienced and competent workers and the Saab Car Museum where they can get a flavor of our brand and vehicles.

To ensure a solid ownership experience we intend to offer service and parts distribution in partnership with Orio AB (formerly known as Saab Automobile Parts AB).

In less than a year, the purchasing organization has built partnerships with the suppliers to the Saab 9-3. Nevs now has partnerships with all around 400 suppliers needed for the Sedan model. All in all the Nevs’ start of production engage around 2,400 companies globally through the suppliers.

“It's been an intense year committed to ensuring Nevs’ start of production. I see our established partnerships as a trustful beginning of the long term and strategic relationships we want to build together with our subcontractors”, said Nevs’ Purchasing Director Per Svantesson .

To ensure our high quality and the supply chain functions, the production rate will be very modest, about ten cars a week initially, and then gradually the pace will be increased to meet customers’ demand.

The electric car based on the Saab 9-3 will be launched in spring 2014, with China as the first market. Nevs’ partner and part owner Qingdao has initially placed an order for a pilot fleet of 200 electric cars with delivery starting in spring 2014.

Sales in Sweden, via Nevs’ website, will start on Tuesday, December 10. The price is 279 000 SEK with manual transmission and 289 000 with automatic transmission. Additional specifications purchase and delivery conditions are presented when the sale starts.

Over time we will develop our customer base to expand into more markets where we see potential for growth and profitability.

Nevs’ vision is to shape mobility for a more sustainable future. Our aim is to be a front runner in the automotive industry, with focus on electric vehicles, where China is our initial main market. The pace of change towards cars powered by fossil free fuels will increase and China currently has the most ambitious efforts for electrification of the vehicle fleet.

For more information about Nevs: http://saabcars.com/en/the-company/

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