Since the owner's name is National Electric Vehicle Sweden, there's got to be some plug-in action happening in the rebirth of the Saab brand, right? There sure is, but not until next year, says Automotive News.

NEVS, which acquired Saab out of bankruptcy in August 2012, is slated to re-start production of the Saab 9-3 midsize sedan at the company's Trollhättan plant in Sweden this week. And while the first 9-3 models will be gas-powered turbos, Saab will indeed start making an all-electric version of the 9-3 in 2014, though few concrete details have emerged about the car or its powertrain.

Word of a potential 9-3 EV has been out since late last year, when Autoweek said that the 9-3 convertible would be reborn as an electric-only vehicle. Saab last made cars in April 2011 and the revived company will target its gas-powered vehicles and EVs specifically to the Chinese market moving forward. Spyker acquired Saab from General Motors in 2010 after GM couldn't make a profit with the iconic Swedish brand. But Spyker didn't have much better luck and Saab was bankrupt by the end of the following year. The brand's new focus on China makes sense, since NEVS is actually partly owned by the Chinese city of Qingdao.

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    • 1 Second Ago
      • 1 Year Ago
      The National Electric Vehicle Sweden (NEVS), is a product of modern corporate globalisation. The majority shareholder, National Modern Energy Holdings, is a British Virgin Islands-registered, (but Hong Kong-based) energy company operating in China, Macau, and Hong Kong. The other shareholder (22% ) is the City of Qingdao, (once called Tsingtao, when it was part of the German Colonial Empire). Qingdao, is a centre of industry and business, and being the HQ for the North Sea Fleet of the People's Liberation Army Navy, often becomes involved in JV investment opportunities with the Navy. The CEO of NEVS (Saab cars), is the remarkable Kai Johan Jiang. Kai Johan Jiang, was born in the PRC but went to school in Sweden. His meteoric rise in the PRC is remarkable. Starting his career with the PRC huge banking conglomerate, Industrial and Commercial Bank of China Ltd. (ICBC), he was well positioned to quickly acquire control of PRC privatized assets, due to extensive Chinese Communist Party (CCP) connections. At the same time he was able to retaining excellent connections in Hong Kong, Sweden and the West. Kai Johan Jiang, is a serious and effective businessman. He's considered one of the most influential young business leaders in the PRC, especially in the energy, power generation sector. If anyone can help push the PRC to adopt EV technology, it's Kai Johan Jiang. Maybe NEVS, is a template of globalised corporations of the future, where increasingly internationalised CEO's preside over increasingly complex corporations, whose true ownership, (and financing) will become impossible to clearly determine. Saab, (minus it's Griffen badge) could become an important vehicle for the PRC market and help keep the old Swedish company in existence. Good luck, Saab EV.
      • 1 Year Ago
      I hope Saab succeeds with its electric ambition. The brand is perfectly positioned to redefine itself and its future.
      Levine Levine
      • 1 Year Ago
      Many US States and Cities have billion dollar pension funds that owns tens of thousands of shares of GM and Ford. Does that mean CA, NY, IL, NYC, Los Angeles, or Chicago are partial owners of GM and Ford? If the answer is yes, does it means all political and economic decisions made at these local governments are tainted by corporate share ownership? It is absurd to think so. The last sentence is playing on a popular bias.
      • 1 Year Ago
      I still can't believe they are so stupid as to call their company "NEVS". Too similar to NEVs . . . Neighborhood Electric Vehicles.
        • 1 Year Ago
        But they're starting to call those old NEVs... LSVs (Low Speed Vehicles) for some reason.
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