The new owner of Saab, National Electric Vehicle Sweden AB, announced plans to introduce its first electric vehicle based on the Saab 9-3.
Production of the new Saab EV will start in about 18 months, with the main focus being on the Chinese market. “In approximately 18 months, we plan to introduce our first electric vehicle based on Saab 9-3 technologies and a new-technology electric powertrain,” said Karl-Erling Trogen, National Electric Vehicle Sweden AB chairman.
On Monday, National Electric Vehicle Sweden announced it finalized the purchase of Saab, but did not get the rights to Saab’s iconic logo. The new owner did however get the intellectual property rights for the Saab 9-3, the Phoenix platform, tools, manufacturing plant and test and laboratory facilities.
“The vehicles and related products and services will be named Saab. The present logotype will not be used,” NEV said in a statement. The company, which is a joint venture between Swedish and Chinese stakeholders, didn’t reveal the sum it paid for Saab. According to Swedish media, the price could be announced in November, when documents must be presented to a court from Sweden.
National Electric Vehicle Sweden did not disclose what Saab’s new logo will look like.