The companies will work on higher-volume models with a focus on electrification.
Koenigsegg has sold a 20-percent ownership stake to NEVS, a China-owned Swedish holding company that bought the rights to Saab’s automotive brand in 2012.
The minority stake, worth around $172 million USD, is associated with a joint venture that will be 65-percent owned by NEVS and 35-percent owned by Koenigsegg.
The companies plan to develop “parallel vehicle models in slightly higher volumes” with an emphasis on electrification, while “strengthening growth opportunities in the hypercar segment.”
“Koenigsegg is breaking new ground, capitalising on our unique technology, performance track record and market position to explore and develop new products,” says Christian von Koenigsegg. “This partnership will create the best conditions for Koenigsegg to accelerate growth in the hyper car market, as well as enabling us to break ground into an untapped market segment together with NEVS.”
The companies will work on higher-volume models with a focus on electrification.
Koenigsegg has sold a 20-percent ownership stake to NEVS, a China-owned Swedish holding company that bought the rights to Saab's automotive brand in 2012.
The minority stake, worth around $172 million USD, is associated with a joint venture that will be 65-percent owned by NEVS and 35-percent owned by Koenigsegg.
The companies plan to develop "parallel vehicle models in slightly higher volumes" with an emphasis on electrification, while "strengthening growth opportunities in the hypercar segment."
"Koenigsegg is breaking new ground, capitalising on our unique technology, performance track record and market position to explore and develop new products," says Christian von Koenigsegg. "This partnership will create the best conditions for Koenigsegg to accelerate growth in the hyper car market, as well as enabling us to break ground into an untapped market segment together with NEVS."
