Saab-successor buys 20 per cent of Koenigsegg

NEVS (National Electric Vehicle Sweden) and Koenigsegg will also form a joint venture company "to expand into new market segments". NEVS will contribute €150 million ($238 million) in starting capital for the new firm and hold a 65 per cent stake. Koenigsegg will own the rest of the company by contributing its "intellectual property, technology licenses, and product design".