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Europe: Saab SOLD for 200mln euro to National Electric Vehicle Sweden

It’s done! The sale of Saab is complete according to Swedish media reports. The new owner of SAAB is National Electric Vehicle Sweden AB.

National Electric Vehicle Sweden AB is owned by National Modern Energy Holdings Ltd. (51%) and Sun Investment LLC (49%).
However, the court-appointed administrators for Saab, which filed for bankruptcy in December, refused to confirm an offer had been made or when they might announce a possible candidate to rescue the iconic Swedish brand.
The Japanese-Chinese consortium is a relative unknown in the industry, but it’s name, National Electric Vehicle Sweden, was recently registered by Sweden’s governmental registration office.
“We have a very anonymous investment company that owns shares in this registered company, Sun Investment, but we still don’t know who’s behind it,” Valdemar Lonnroth, a Swedish journalist told Autocar.
“We don’t know if it’s a Chinese or a Japanese company behind this conglomerate. Nobody has really a picture of what kind of resources they have or what their intentions are, besides the fact that they want to produce electric vehicles.”


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