When saab automobile went bankrupt they ended up being bought by what became "National Electric vehicle Sweden" who utterly failed at actually sell any significant amount of cars. Their company were restructed multiple times until the now bankrupt chinese real estate company evergrand bought it. Evergrand thought they could turn it into the leading EV manufacturer but instead they ended up just spending loads of money on a business who didn't really produce anything in terms of products people actually wanted to buy.
Note that they had multiple products who actually reached the market but the sales were always disastrous starting with the around 1000 gasoline-powered saab 9-3 cars, they couldn't even get all 1000 sold so they ended up cutting the price down and selling them to their employees.
Later when the money from evergrand stopped flowing NEVS had to fire almost all their employees and they then revealed their "Emily GT project they had worked on. Unfortunately no serious company wanted to purchase any of their projects so they ended up having to sell to what seems like a scam company
https://www.accesswire.com/viewarticle.aspx?id=812216&lang=en
Some people did examine their business and found out that "EV electra" isn't actually making any cars. Instead they tried scamming people with crypto and just used electric vehicles as a prop for that.
Here they claim that they tokenized their shares as ERC20 tokens only to later delete that article from their website
http://web.archive.org/web/20230322034802/https://evelectra.com/announcement-of-the-launch-of-the-tokenization-of-ev-electras-shares/
Note that they had multiple products who actually reached the market but the sales were always disastrous starting with the around 1000 gasoline-powered saab 9-3 cars, they couldn't even get all 1000 sold so they ended up cutting the price down and selling them to their employees.
Later when the money from evergrand stopped flowing NEVS had to fire almost all their employees and they then revealed their "Emily GT project they had worked on. Unfortunately no serious company wanted to purchase any of their projects so they ended up having to sell to what seems like a scam company
https://www.accesswire.com/viewarticle.aspx?id=812216&lang=en
Some people did examine their business and found out that "EV electra" isn't actually making any cars. Instead they tried scamming people with crypto and just used electric vehicles as a prop for that.
Here they claim that they tokenized their shares as ERC20 tokens only to later delete that article from their website
http://web.archive.org/web/20230322034802/https://evelectra.com/announcement-of-the-launch-of-the-tokenization-of-ev-electras-shares/
