Swedish media reports are indicating Saab has been bought by National Electric Vehicle Sweden AB (NEVS).

Swedish media reports are indicating Saab has been bought by National Electric Vehicle Sweden AB (NEVS).

The consortium, that is jointly-owned by China's National Modern Energy Holdings Ltd and Japan's Sun Investment LLC, reportedly submitted a definitive offer on April 7 and was recently selected as the preferred buyer.

While the information is hard to verify, a posting on NEVS' website read "Saab Automobile, Trollhättan and Sweden stands for innovation and technology excellence. At Saab Automobile, the engagement for future transportation solutions is pervasive." This seems to give credence to the reports, but nothing is official as of yet.

Regardless, there have been rumors that NEVS submitted a bid of approximately 1.5-1.8 billion kronor ($209-251 / €168-201 million).

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