Evergrande Woes Spread to Sweden With EV Unit Seeking New Owners
- Talks come after Swedish arm cut 300 jobs at former Saab plant
- Evergrande EV unit struggling for survival amid parent’s woes
National Electric Vehicle Sweden AB in August gave notice to almost half its 670 workers at the former Saab factory in Trollhattan.
Photographer: Erik Abel/Bloomberg
This article is for subscribers only.
China Evergrande Group’s financial woes have spilled over to Sweden, with a unit of the company’s electric-vehicle arm in talks to find new backers after cutting 300 jobs.
“I’m acting as if things won’t be working out with Evergrande,” Stefan Tilk, the chief executive officer of National Electric Vehicle Sweden AB, said in an interview. “Therefore we have entered discussions with new intended owners or project financiers.”