IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Thursday, May 24, 2012

National Electric Vehicle Sweden confirms bid on Saab

Yesterday the news broke that the Japanese-Chinese consortium interested in acquiring Saab has registered a company in Sweden named National Electric Vehicle Sweden. Now Mattias Bergman, spokesman of the company, confirms a bid on Saab.

"We can confirm that we are a bidder and that we are still interested in the assets of Saab," Mattias Bergman told Swedish news agency TT.

"We will at the present not publicize our business plan. We are interested in what the brand name stands for, the high competence of Saab and the plant facilities which are world class," Mattias Bergman continued.

"We will get back to the business plan and the number of employees needed in due time."

The consortium consists of the Chinese energy corporation National Modern Energy Holdings and the Japanese risk capital firm Sun Investment.

"They are the principal owners. There are other owners which we will not name at the moment," Bergman said.

Sun Investment is a Japanese venture capital firm which was established four years ago and which invests in renewable energy. The Chinese company National Modern Energy Holdings is part of the concern National Bio Energy, which is Hong Kong based and has 7,000 employees. The corporation owns power plants in China and is focusing towards bioenergy.