In a press conference held today, it was announced that National Electric Vehicle Sweden AB (NEVS) has purchased Saab. NEVS is a Chinese/Japanese company focused on building electric cars. The company announced that its plans for Saab include the creation of a new 9-3 electric vehicle and a next generation 9-3 based on the Phoenix platform. The advantage of the partnership between NEVS and Saab is the combination of Saab’s platforms with Japanese technology.

The primary owner of NEVS, Karl Johan Jiang, has lived in Sweden for 23 years and is putting together a new management team for Saab.

NEVS will own the 9-3 name plate, but not the 9-4 or 9-5. The sale also does not include SAAB Parts AB which builds parts for all previous generation Saab vehicles.

The first market for the new 9-3s will be China, but the cars will continue to be build in Trollhättan, Sweden.

While the announcement is certainly disappointing to some, the good news is that the Saab name will live on and Saabs will continue to be built in Sweden. As the NEVS and Saab partnership continues to develop, I will post updates.

Source: SaabsUnited