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Nevs eliminates almost everyone in Trollhättan

Nevs eliminates almost everyone in Trollhättan

The company is laying off 320 of its 340 employees. The rationale is that the company is at risk of bankruptcy. As recently as last week, a sale process was underway that led to the CEO leaving his position.

The layoffs did not come as a surprise to employees who say they have lived with anxiety for years.

Already in 2021, the workforce was reduced by 289 from the then 650 employees.

– It’s surprising they’ve hung on so long, auto researcher Michael Wickelgren told TT news agency.

Neves presents the action as going to sleep. Michael Wickelgren thinks this is the end of Neves.

– I’d be surprised if anyone coughed up the billions it would cost to actually do something with it.

Stephen Dilke, Nev’s CEO until last week, did not share the image.

– If Evergrande had not been blacklisted by investors, there would have been no problem, he told SVT last week.

– We have a fantastic business plan and we already have good customers.

Last week, CEO Stephen Dilk was ousted as CEO due to disagreements with current Chinese owner Evergrande over the ongoing sale process.

Neves was formed 11 years ago out of Chapin’s bankruptcy estate. Evergrande Group is the sole owner since 2020.

Neves is best known for Sango, a design for a self-driving car without a steering wheel. Nevs also develops additional products around future mobility, such as fleet management and user interfaces.

Under the heading Industrial Services, the company commercializes the capabilities of the Saab era in the development and production of vehicles.