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NEVS running out of time to find new investors

With no sign of a restart of production operations, there is no work at NEVS' Swedish plant. This has resulted in 155 people being laid off.

Just over two years after National Electric Vehicle Sweden AB (NEVS), wholly-owned by a Sino-Japanese consortium, finalised the acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, the company finds itself in all sorts of trouble.

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