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  #1  
Old 20th May 2014
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Default Update from NEVS

Status update from Nevs

National Electric Vehicle Sweden (Nevs) is preparing an extensive investment to develop a new platform on the Phoenix architecture, which will be the base for future car models. This development will be done in cooperation with other global OEMs. These collaborations involve sharing cost of development and reduced costs of components through significantly higher volumes.

Nevs has recently signed a frame agreement with a major international automotive OEM regarding the cooperation in product development of the future platform. A negotiation with another major automotive OEM is also taking place regarding part ownership. The objective is to add significant resources to the development of Saab as a global premium car brand name. The partnerships will contribute to secure Nevs with the right financial and technical support to develop new products and distribution of cars on a global basis.

Even if the long term perspective of Nevs remains very exciting and promising it is a short term cash problem.

The root cause of the current situation is that Nevs’ shareholder, Qingbo Investment Co. Ltd, has not fulfilled their contractual obligation to finance the operations.

As a consequence Nevs’ main owner National Modern energy Holdings Ltd. (NME) has since the beginning of the year decided to enter into the position as the sole financier of the company. Recently NME had to conclude that despite enormous efforts it has not been possible to capitalize its assets in China as fast as needed to support Nevs. This has resulted in a time lag between the financing from China and the need of cash to pay suppliers. As of today NME has transferred over 3 Billion SEK to Nevs and made additionally large investments in China, i.e. in the new battery factory and the technology development center.

It is important to state that the assets are significantly higher than the debt but Nevs is planning to use short term credits to cover all outstanding and near term obligations until the long term financing is secured. This is bridge solution is planned to be realized within a near future.

To further support the situation financially and give Nevs time to align the strategy with the new OEM partners Nevs will also take short term measures to reduce cost. Among the measures to be taken are a short term stop of production, which today is six cars per day, and a reduction of hired consultants.
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  #2  
Old 21st May 2014
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Read more about it here:
http://news.cision.com/national-elec...-nevs,c9588596
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  #3  
Old 21st May 2014
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Well that super sucks. But hang in there, NEVS/SAAB! Loyal fans are out there!
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Old 21st May 2014
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Jalopnik has a story on this as well: Saab's New Owner Has To Stop Production Over Money Problems
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  #5  
Old 21st May 2014
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Which is kinda weird since NEVS was just reporting its first deliveries of the new model lineup:

Tuesday, April 15, 2014

The first Saab cars delivered to partners in Sweden

April 15, 2014, the delivery of the first new Saab 9-3 Aero sedans for the Swedish market was initiated to the partner companies in Sweden.

Today the Saab cars are sold in Sweden to Swedish customers via online direct sales, which allow the buyers to test drive, make an order, then pick the car up at the Trollhättan factory. According to a recently signed cooperation agreement between Nevs and its Swedish partners, Saab cars test drives, together with the order & purchase support can also be offered in around twenty additional cities in Sweden.





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  #6  
Old 22nd May 2014
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But the sales have been far off projections and reports on SU indicated that it was at least 4 to 6 cars a day to keep the home front happy. But with a maximum of 1,000 car a year limit due to Euro passenger protection restrictions that is impossible isn't it? With holiday exclusions they can only produce perhaps 3 cars a day and they haven't even been meeting that.

Worse some suppliers have dropped off the supply train now in what seems to be a repeat of the Muller days.

I've said before, when the loyalists over at SU worry, there is indeed something to worry about.

It sounds like a "first we have good news" joke. First they announce that all future development will be on or around the Phoenix plaftorm (to the sounds of a roar of approval), then we have potentially lost funding (to a deafening silence).
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Old 27th May 2014
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What can be said?

True, it would suck if Chinese backers didn't come through with the promised finances (we'll just have to wait and see), but what can be done when GM has essentially literally and figuratively c0ckblocked (excuse me ladies) each and every other potential buyer but the Chinese who now, it seems, has no real interest in the brand's survivability?

Our hands are tied, whether we're into that whole bondage scene or not, and we're forced into having to just wait and see.



...Ruminations of Spyker's and Koenigsegg's efforts to acquire Saab's assets play over and over in my mind.
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Old 27th May 2014
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There's rumors of Mahindra getting into the picture:

http://www.saabsunited.com/2014/05/s...-analysis.html

"According to sources two major companies are investing a lot of money and time performing due diligence of NEVS in order to present a proposal to their boards regarding investment into NEVS. These two companies, one rumored to be Mahindra and the other a major private asian OEM manufacturer will perhaps lead to the long term solution NEVS needs for the Saab brand." .........


But that's neither here nor there right now.
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Old 28th May 2014
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http://www.saabsunited.com/2014/05/v...situation.html
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Old 28th May 2014
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A new hirsch 9-3 version:
http://www.saabsunited.com/2014/05/n...h-edition.html
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  #11  
Old 28th May 2014
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Quote:
Originally Posted by Trollhättan Bil View Post
What can be said?

True, it would suck if Chinese backers didn't come through with the promised finances (we'll just have to wait and see), but what can be done when GM has essentially literally and figuratively c0ckblocked (excuse me ladies) each and every other potential buyer but the Chinese who now, it seems, has no real interest in the brand's survivability?

Our hands are tied, whether we're into that whole bondage scene or not, and we're forced into having to just wait and see.



...Ruminations of Spyker's and Koenigsegg's efforts to acquire Saab's assets play over and over in my mind.
I've always thought that would be a natural pairing. Imagine taking some of that tech R&D and trickling it down to Saab.
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  #12  
Old 28th May 2014
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Quote:
Originally Posted by Trollhättan Bil View Post
...Ruminations of Spyker's and Koenigsegg's efforts to acquire Saab's assets play over and over in my mind.
One can only wish .....


https://www.youtube.com/watch?v=wO4A5694w2Y


https://www.youtube.com/watch?v=6Sivt84RuTk


http://jalopnik.com/the-koenigsegg-o...r-h-1532088783
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  #13  
Old 29th May 2014
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We could just as easily argue that Muller "coclblocked" Saab and never intended to save Saab, just reap a salary and collect bonus money after screwing the suppliers, ad agency and then the Swedish tax folks.

The EIB stopped him from cash raiding the tech development funds though he tried to get his paws into that fund too.
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  #14  
Old 29th May 2014
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Quote:
Originally Posted by APC View Post
I've always thought that would be a natural pairing. Imagine taking some of that tech R&D and trickling it down to Saab.
Speaking of "trickling down R&D", Koenigsegg has been using a 9-5 as a test mule for technologies they're developing, such as the " Free Valve Technology":









The Free Valve concept, also known as continuous variable valve timing, offers the unique ability to have independent control of the intake and exhaust valves in an ICE.

For any engine load criteria, the timing of intake and exhaust can be independently programmed. The system can then “decide” based on driving conditions which one to use to maximize performance. This allows a greater degree of control over the engine which in turn provides significant performance benefits.

► While the concept has been widely tested, no manufacturer has been able to implement it in large scale production due to various technical problems along with the higher cost. Cargine’s technology shows great promise of overcoming these challenges in a cost effective way.

► Traditional Free Valve engines use either electro-magnetic, electro-hydraulic, or fully mechanical actuators to open the poppet valves. Instead of using these traditional actuator types, Cargine uses electro-hydraulic-pneumatic actuators combined with advanced sensor techniques. As a result, Cargine has overcome all of the typical challenges faced by other Free Valve techniques.

► The system has a verified fuel consumption reduction of 12-17 percent compared to astate-of-the-art four cylinder two liter engine with DI and variable cams. Energy consumption investigated and concluded same as for cam system in normal rpm range. The tests were performed on a single cylinder engine at powertrain manufacturer AVL in 2011 (not an optimized test).

► The system has been successfully tested and installed in a SAAB 9-5 (intake valve only) from 2009 to 2011. Over this time period, the SAAB has driven more than 55,000 km of everyday driving and proven start ability down to -20 degrees Celsius.

► The SAAB 9-5 test vehicle has also been driven 5,000km with both intake and exhaust valves controlled by the Cargine system.

► The expected timeline from an automotive OEM commitment to mass production is12-18 months, depending on the commitment.

Who knows? Sometimes wishes do come true.
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  #15  
Old 29th May 2014
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Quote:
Originally Posted by TunnanXWD View Post
We could just as easily argue that Muller "coclblocked" Saab and never intended to save Saab, just reap a salary and collect bonus money after screwing the suppliers, ad agency and then the Swedish tax folks.

The EIB stopped him from cash raiding the tech development funds though he tried to get his paws into that fund too.
Perhaps, perhaps indeed, I really haven't the insight to comment on the matter with any certainty, but that's not the case with GM who really screwed them over, and then some!
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  #16  
Old 29th May 2014
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Quote:
Originally Posted by Trollhättan Bil View Post
Speaking of "trickling down R&D", Koenigsegg has been using a 9-5 as a test mule for technologies they're developing, such as the " Free Valve Technology":









The Free Valve concept, also known as continuous variable valve timing, offers the unique ability to have independent control of the intake and exhaust valves in an ICE.

For any engine load criteria, the timing of intake and exhaust can be independently programmed. The system can then “decide” based on driving conditions which one to use to maximize performance. This allows a greater degree of control over the engine which in turn provides significant performance benefits.

► While the concept has been widely tested, no manufacturer has been able to implement it in large scale production due to various technical problems along with the higher cost. Cargine’s technology shows great promise of overcoming these challenges in a cost effective way.

► Traditional Free Valve engines use either electro-magnetic, electro-hydraulic, or fully mechanical actuators to open the poppet valves. Instead of using these traditional actuator types, Cargine uses electro-hydraulic-pneumatic actuators combined with advanced sensor techniques. As a result, Cargine has overcome all of the typical challenges faced by other Free Valve techniques.

► The system has a verified fuel consumption reduction of 12-17 percent compared to astate-of-the-art four cylinder two liter engine with DI and variable cams. Energy consumption investigated and concluded same as for cam system in normal rpm range. The tests were performed on a single cylinder engine at powertrain manufacturer AVL in 2011 (not an optimized test).

► The system has been successfully tested and installed in a SAAB 9-5 (intake valve only) from 2009 to 2011. Over this time period, the SAAB has driven more than 55,000 km of everyday driving and proven start ability down to -20 degrees Celsius.

► The SAAB 9-5 test vehicle has also been driven 5,000km with both intake and exhaust valves controlled by the Cargine system.

► The expected timeline from an automotive OEM commitment to mass production is12-18 months, depending on the commitment.

Who knows? Sometimes wishes do come true.
I remember seeing that on the first Inside Koenigsegg. I followed the 0ne:1 series this year and think it's super interesting how Christian still thinks that there's more water in the well for the internal combustion engine. That One:1 is impressive! Stuff like the free-valve would definitely extend the operational ceiling of IC engines.
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  #17  
Old 29th May 2014
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Quote:
Originally Posted by Trollhättan Bil View Post
Quote:
Nevs has signed a licensing agreement with Saab AB regarding the rights to use the Saab brand name for its future vehicles. The vehicles and related products and services will be named Saab. The former Saab griffin logo will not be used, as Saab AB and Scania AB, who own the rights to use the griffin, have not given Nevs the right for its use.

~Wikipedia
It's interesting that they slipped a Scania reference into their press photos even though they are no longer affiliated.
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  #18  
Old 29th May 2014
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Quote:
Originally Posted by APC View Post
I remember seeing that on the first Inside Koenigsegg. I followed the 0ne:1 series this year and think it's super interesting how Christian still thinks that there's more water in the well for the internal combustion engine. That One:1 is impressive! Stuff like the free-valve would definitely extend the operational ceiling of IC engines.
The paradigm in vehicle powering technology is shifting, without a doubt, but the fact of the matter still remains that no one has yet managed to fully optimize the ICE which, even in today's cars that experience losses of over 62% of the available energy in a gallon of gas.

Therein is where Christian (and potentially others) is finding additional water to squeeze out of the ICE rock.
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  #19  
Old 29th May 2014
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Quote:
Originally Posted by APC View Post
It's interesting that they slipped a Scania reference into their press photos even though they are no longer affiliated.
You caught that too, huh?!
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  #20  
Old 29th May 2014
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You caught that too, huh?!
Made me chuckle
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