Trollhättan-based electric car developer Nevs is notifying almost all of the company’s 340 employees of layoffs. At the same time, all development and production is stopped.
Nevs was created when businessman Kai Johan Jiang bought the majority of Saab Automobile’s bankruptcy estate in 2012.
However, the current owner, the Chinese Evergrande Group, which took over the company in 2019, has had major financial problems for some time.
Now the company’s operations are put on hold, which TTELA was the first to report on.
Staff received the information at lunchtime on Thursday.
“It is with great sadness that we inform you today that Nevs is going into hibernation, which means that we will be forced to reduce all costs and endure redundancies in all parts of the company,” says CEO Nina Selander in a statement on Nev’s website.
More about the news in the clip above.