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, June 14, 2012

NEVS to co-operate with Mahindra?

According to Swedish buiness news Dagens Industri, Saab's new owner National Electric Vehicle Sweden (NEVS) is looking for a car manufacturer to start a co-operation. This car manufacturer could be Mahindra & Mahindra of India.

Several weeks ago there were whispers that the "Japanese-Chinese" electric car consortium and Mahindra were in talks regarding Saab. Now Dagens Industri reports that Mahindra could get the responsibility of completing the development of Saab's Phoenix platform. This would probably mean that Mahindra will gain access to use the platform on their own vehicles. And this could explain why Mahindra in the end did not seem that eager to end up as owner of Saab.

It is estimated that SEK 2 billions is needed to complete the Phoenx platform. According to Kai Johan Jiang, primary owner of NEVS, SEK 7 billion has been raised to develop and manufacture electric vehicles. In addition to Saab's own technology, it is also said that technology from Toyota will be used.

Dagens Industri also reports that there are plans to continue manufacturing of "traditional cars" in Trollhättan. Cars with low CO2 emmissions. It is however not mentioned what make these cars will have.