--FILE--A Koenigsegg sports car is displayed at the stand of Koenigsegg during the 13th Beijing International Automotive Exhibition, also known as Aut
Image details
Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W52P0NFile size:
23.4 MB (974.3 KB Compressed download)Releases:
Model - no | Property - noDo I need a release?Dimensions:
3500 x 2333 px | 29.6 x 19.8 cm | 11.7 x 7.8 inches | 300dpiDate taken:
20 April 2014Photographer:
ImaginechinaMore information:
--FILE--A Koenigsegg sports car is displayed at the stand of Koenigsegg during the 13th Beijing International Automotive Exhibition, also known as Auto China 2014, in Beijing, China, 20 April 2014. The Chinese-backed company born from the remnants of bankrupt Swedish automaker Saab is investing 150 million euros ($171 million) in a venture with Swedish super car brand Koenigsegg, in a move that could see them develop new electric models. National Electric Vehicle Sweden AB (NEVS), in which China's Evergrande Health recently became the majority investor, said it would take a 65 percent stake in a new joint venture to "develop a product for new and untapped segments, " according to a statement on Tuesday. Koenigsegg will hold the rest, and contribute intellectual property (IP), technology licences and product design. The deal deepens China's exposure to Swedish automakers, with Geely owning Volvo Cars and the largest investor in truckmaker AB Volvo, and another Chinese investor having created NEVS in 2012 after buying the core assets and IP rights of Saab Automobile following the demise of the former General Motors brand. NEVS, which owns production bases in Trollhattan in Sweden and Tianjin in China and plans another in Shanghai, has been trying to establish itself as a pure electric automaker, but has yet to produce a car.