Sino-Japanese Electric Vehicles Alliance Acquires Saab Assets Contract or Ruptures


According to foreign reports, the Swedish national electric vehicle NEVS of the China-Japan Electric Vehicle Alliance has successfully signed an agreement to acquire the Saab asset, but there are rumors that one of the sources of funds has given up its support for the Swedish national electric car, causing it to be unable to finish before the August 31 deadline. The payment of acquisition funds even led to the collapse of its assets contract for the acquisition of Saab.
NEVS acquisition of Saab still shadowless
The Swedish Industry Daily reported on August 27 that sources had pointed out that the Swedish Saab asset manager was pressured by creditors to set a deadline for buyers of Swedish national electric vehicles to pay for acquisitions; on August 31st If the payment cannot be completed before the end, the contract for the acquisition of Saab will be invalidated. It is reported that one of the sources of funding for Swedish national electric vehicles has been withdrawn midway and it may not be able to complete the payment as scheduled.
Another source also gave a similar statement, saying that Swedish national electric vehicles may fail to acquire Saab assets due to payment progress issues, but foreign media said that it is not yet possible to confirm the accuracy of hearsay.
In addition, British media disclosed that the Swedish national electric vehicle has so far refused to publicly acquire Saab assets. The insiders pointed out that this sum poses a huge challenge to the China-Japan Electric Vehicle Alliance. Both China and Japan are not sure about the source of funding. The Swedish National Electric Vehicles did not comment on this, but stressed that it will complete the acquisition of Saab assets this summer.
Swedish National Electric Vehicle Company is a joint venture subsidiary of Hong Kong's National Bio Energy Group NBE (National Bio Energy Group) and Japan's venture capital "Sun Investment" (Sunshine Investment). Both parties hold 51% and 49%, respectively, specifically for the acquisition of Saab. And set up.
In June this year, the Swedish national electric vehicle won the Saab Automobile Assets bid and the acquisition covers Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools. AB), but the acquisition of Saab brand and trademark is still in negotiation.
Spokesman refutes rumor
On August 28th, Mattias Bergman, Swedish national electric vehicle spokesperson, was interviewed by Radio channel P4 West radio station in Sweden. He was told about the lack of funds and the payment of the ultimatum on August 31st. deny.
Matthias Bergman stated that the company has enough funds to complete the transaction and it has not encountered the situation that the source of funds has given up. The current trading situation is extremely complicated. Swedish national electric vehicles are trying their best to complete the transaction as soon as possible. However, all the detailed information and documents need to be provided to the Swedish side for this purpose, but this is not yet completed.
However, Bergman refused to give more detailed explanations and did not provide the expected time for the completion of the transaction, but said that the goal was to complete the acquisition as soon as possible. When it comes to answering the question of whether the transaction will be at risk, it claims that the company remains optimistic and will close the deal soon.
Scania worries that "Chinese cottage" blocks the use of NEVS's trademark
Another major pressure for Sweden’s national electric vehicle company to acquire Saab comes from the inability to obtain the Saab trademark. Scania, a Swedish truck manufacturer, said on August 16 that it would not sell its trademark rights to Swedish national electric vehicles. Therefore, although the latter may purchase the Saab brand name, it must abandon the right to use Saab trademarks.
Scania spokesman Hans Aake Danielsson told AFP on August 16: "Scania does not want Saab buyers to use the Griffon logo. Scania is in close contact. Scania has been using the lion trademark since 1911. We don't want to see our own designs hurt the Scania brand." Danielson also emphasized that although the Swedish national electric car is still planned Sweden produces electric cars, but these vehicles are "it no longer belongs to Sweden".
A Scania spokesman a few days ago explained the cause of the concern in detail. The spokesperson said: “In China, we can see the fate of multiple brands encountering copies. We do not want to see the cottage trucks using our logo. There are too many pirated brands in China, although I do not refer to Swedish national electric car companies. There is this tendency, but we must still make sure that we are not at risk and we can only reject it."
In 1968, Scania and Saab merged into Saab-Scania AB, and Scania and Saab shared the trademark of the lion. In 1995, the company was dismantled, the commercial vehicle business was transformed into Scania, the military/aerospace business was transformed into Saab Defense, and the passenger vehicle business was transformed into Saab Automotive, in which Saab Automobile was controlled by General Motors.



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