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Koenigsegg is teaming up with the Chinese, will produce cheap cars on the air

The Swedish supercomputer company Koenigsegg and the NEVS consortium, which produces the Saab 9-3 electric version in China, announced they have signed a strategic partnership agreement for joint development of mass electric vehicles. Under the agreement, NEVS invests EUR 150 million in Koenigsegg, and in return will receive a 20% stake in Christian von Koenigseg.

A statement on the website of the Swedish company states that the partners will create a joint venture. 65% of the property will belong to NEVS, and 35% – Koenigsegg. It is assumed that the manufacturer of supercars will provide the Chinese with intellectual property, share technology licenses and take on the development of future electric vehicles.

One of the most promising developments of Koenigsegg, to which NEVS is likely to gain access, is the camshaft developed by the FreeValve subsidiary. The Swedes, in turn, hope to strengthen their position in the market of boutique cars and enter new segments.

Sweden's National Electric Vehicle Consortium (NEVS), 51% of which is owned by the Chinese group Evergrande, acquired the assets of Saab in 2012. A year later, the company resumed production of the 9-3 model, and in 2014 began selling its territory. Sweden

In August last year, NEVS filed for bankruptcy and lost the rights to the Saab trademark. Currently, the company produces electric 9-thread for the Chinese market, but under its own brand.

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