Koenigsegg regains full ownership over the Gemera production company
Ängelholm, Sweden (6 September 2021) – Koenigsegg today announced the buyback of NEVS’s 65% stake in the joint venture company Meneko that produces the Gemera 4-seater Hypercar.The acquisition makes Koenigsegg the sole owner of the company. Koenigsegg formed the partnership with NEVS in January 2019 with the intended purpose of developing parallel volume vehicle models with an emphasis on electrification and CO2-neutral engines. Koenigsegg’s purchase of NEVS’s ownership in Meneko further supports and emphasizes its strategic goal of full integration of development and manufacturing. “