Author Archive: Richard Elliott

Period activities in brief:

Nevs left reorganization after the creditors accepted the composition proposal at Vanersborg district court on 23 March.
The city of Tianjin and the IT company SRIT new partners in Nevs.
IT company Teamsun partner in Nevs JV company in Tianjin.
Cooperation agreement with Dongfeng Motors on including product development and another with Tübitak in the development of the Turkish national car.
The Board extended with a new vice-chairman and union representatives
Financial comments:

Good cash position of the Group, 1 282 MSEK.
Net sales of SEK 50 MSEK, which is on par with the previous year, and consist mainly of sales of services. In addition to this other income from the sale of licenses of 370 MSEK.
Net income was minus 86.6 MSEK, which is significantly better than last year and the management is working hard to achieve sustainable profitability.
After the reporting [...]

TÜBITAK, (the Scientific and Technological Research Council of Turkey) which has been assigned to develop “Turkish National Car” and realize this important mission, has chosen National Electric Vehicle Sweden AB, Nevs, as the industrial partner for the project.

The cooperation has started in June 2015 between Nevs and TÜBITAK and future industrial synergies in terms of development and manufacturing shall be generated with this cooperation. In the short term perspective this cooperation shall put Nevs’ assets to work and shall give Turkey quick access to extensive automotive knowledge and experience.

Nevs shall also provide its know-how in the developing of the business plan and establishing of the supply and distribution chains to TÜBITAK.

Together with the new shareholders Tianjin and SRIT, the partner Teamsun as well as the cooperation with Dongfeng Motor, the cooperation with TÜBITAK is an important step in building up Nevs as a strong automotive company with industrial, technological and financial partnerships.

National Electric vehicle Sweden’s President Mattias Bergman will present the cooperation at a press conference at Nevs:

Time: Friday October 16, 10.00 CET.

Place: National Electric Vehicle Sweden, Saabvägen 5, Trollhättan.

The press conference will be broadcasted: http://saabcars.com/en/live/

A press release will be published at the time of the press conference.

Welcome!

Join in the quiz at the Bulls Head, all welcome.

Meet at Compos , Holmfirth for fish and chips etc.
all welcome table booked for 8-00 pm.
Burnlee Rd, Huddersfield, West Yorkshire HD7 5XA