Automakers

Evergrande's Swedish Saab assets owner in sale talks, CEO says

NEVS built an EV based on the Saab 9-3 at its plant in the north China port city of Tianjin. (NEVS)
R
By:
Reuters
October 15, 2021 03:50 PM

STOCKHOLM -- The Swedish electric vehicle unit of China Evergrande Group, which owns the assets of Saab, is in talks with U.S. and European venture capital firms and industrial partners to find new owners, as its Chinese parent battles default on more than $300 billion in debts.

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