Koenigsegg partners with NEVS with emphasis on electrification

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Koenigsegg is forming a strategic partnership with NEVS, enabling the two companies to develop parallel vehicle models in higher volumes – with an emphasis on electrification, as well as strengthening growth opportunities in the hypercar segment. NEVS is making a capital injection of €150m (US$171m), taking a 20% minority stake in Koenigsegg’s parent company.

The partnership builds on an existing relationship between the two companies. Through NEVS production facilities in Trollhättan, Koenigsegg will have access to additional capabilities, as well as benefiting from an established automotive presence in the region, while maintaining its center of excellence in Ängelholm.

“Koenigsegg is breaking new ground, capitalizing on our unique technology, performance track record and market position to explore and develop new products. This partnership will create the best conditions for Koenigsegg to accelerate growth in the hypercar market, as well as enabling us to break ground into an untapped market segment together with NEVS. We very much look forward to working together with NEVS to develop products that ensure a sustainable future,” says Christian von Koenigsegg, founder and CEO of Koenigsegg.

“Koenigsegg is an enticing company developing advanced cars with unique technology and with a customer base that is one of a kind. To be able to expand our investment in the Swedish automotive industry through a company that we know and have an established relationship with, is an important step for us. We have both competencies and facilities to support Koenigsegg on its journey forward, something we look very much forward to,” adds Kai Johan Jiang, chairman of the board of directors at NEVS.

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Matt joined UKi Media & Events in 2014 after seven years of living and working in Dubai. He has been a journalist for over a decade and has worked for a wide range of publications, including Rolling Stone, Time Out, iQ and Loaded. After starting out on the automotive team as deputy editor of Engine Technology International, Electric & Hybrid Vehicle Technology International and Transmissions Technology International, he began editing Electric & Hybrid Vehicle Technology International in 2016, and took over as editor of Tire Technology International in 2018.

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