Koenigsegg Teams Up With Swedish Automaker NEVS In EV Push

Legendary hypercar manufacturer Koenigsegg has paired up with fellow Swedish electric car manufacturer NEVS to develop new models of a higher volume and with further emphasis on electrification.

The deal will see NEVS take a 20 per cent minority share in Koenigsegg’s parent company with a €150m (£130m) cash injection. Together, the two companies will form a new joint venture, which will also see NEVS contribute a further $150m (£113m) for a 65 per cent share in the venture, the remaining 35 per cent going to Koenigsegg – made up from its intellectual property, technology licences and product design.

MDarringer - 1/30/2019 7:28:11 PM

-1 Boost

Yeah team up with the left-over dregs of SAAB...brilliant.