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.

“Koenigsegg’s strong and stable growth both operationally and financially enables us to buy back NEVS’s ownership in Meneko and take full ownership of the joint venture”, said Christian von Koenigsegg, CEO and Founder of the company. “In preparation of the Gemera start of production, we are investing heavily in new facilities, competence and infrastructure, and this acquisition is an important step for us and in the growth of our business”, adds Christian von Koenigsegg.”

Finally, Christian von Koenigsegg concludes, “I would like to thank NEVS and their excellent team for their cooperation so far and I look forward to continuing our operational collaboration with NEVS in this and other projects”.

“The Gemera is a unique car and it has been incredibly smooth and rewarding to collaborate with Koenigsegg on this project,” says Stefan Tilk, CEO of NEVS. "We will always have an interest in Koenigsegg's development and look forward to continued operational collaborations with them, now and in the future," concludes Stefan Tilk.

Koenigsegg is planning to build 300 Gemera models in the all-new production facility already under construction outside the current Koenigsegg facilities, with an anticipated start of production in 2023.The Gemera is the world’s first Mega-GT and Koenigsegg’s first four-seater that combines ultimate hypercar performance with 4 seats and room for luggage. The Gemera is also Koenigsegg’s first 4-seat model and a hybrid with and combustion engine running on fossil-free fuels.

Media Contact

Melissa Zhuo +46 735 06 74 93

melissa.zhuo@koenigsegg.com

About Koenigsegg Automotive:

Founded in 1994 by Christian von Koenigsegg, Koenigsegg Automotive AB is a world leader in engineering and manufacturing of ultimate performance megacars and sustainable mobility technologies. Space-age materials and uncompromising quality both in finish and function make these cars among the world's best. The company is based in Ängelholm in the south of Sweden and has some 500 employees.

For more information, please visit Koenigsegg  Facebook  Instagram  Twitter  LinkedIn

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Quotes

Koenigsegg’s strong and stable growth both operationally and financially enables us to buy back NEVS’s ownership in Meneko and take full ownership of the joint venture. In preparation of the Gemera start of production, we are investing heavily in new facilities, competence and infrastructure, and this acquisition is an important step for us and in the growth of our business.
Christian von Koenigsegg (Founder and CEO, Koenigsegg)
I would like to thank NEVS and their excellent team for their cooperation so far and I look forward to continuing our operational collaboration with NEVS in this and other projects
Christian von Koenigsegg (Founder and CEO, Koenigsegg)
The Gemera is a unique car and it has been incredibly smooth and rewarding to collaborate with Koenigsegg on this project. We will always have an interest in Koenigsegg's development and look forward to continued operational collaborations with them, now and in the future
Stefan Tilk (CEO, NEVS)