[1] After facing numerous financial difficulties, the company resigned most of its employees in March 2023, with both Polestar and EV Electra interested in buying the former Trollhättan factory.

[15] Production of the 9-3 was suspended in May 2014 due to cash flow problems, with NEVS reportedly owing over $57 million to creditors.

[19] In May 2015, NEVS took advantage of a campaign launched by the Chinese Government aiming to boost the sale of electric vehicles.

[20] NEVS also signed cooperation agreements with Dongfeng Motors and Renesas Electronics, alongside a development contract with the Turkish Institute for Scientific and Technological Research (Tübitak).

[28] The deal subsequently collapsed due to DiDi receiving a cheaper offer from Beijing Automotive Group in the summer of 2018.

[34] The stated aim of this partnership was for Koenigsegg to use the production and supply capabilities of NEVS and Evergrande, with both companies combining their knowledge to develop future vehicle platforms.

[36] In April 2019, Munich based start-up Sono Motors announced that the Sion vehicle would be produced under a contract with NEVS in Trollhättan from the second half of 2020.

The project was intended to act as an autonomous ride-sharing network providing similar levels of privacy and security to a personal vehicle.

[41] In 2021, it was reported that Evergrande Group was deep in debt, suspected to be due to the COVID-19 Pandemic, the failure of the Hengchi project and general mismanagement, and so was trying to sell NEVS to various Chinese investment firms, such as the Xiaomi Consortium.

[42][43][44] During efforts to sell the company, NEVS revealed the Emily GT, a mid size electric sports sedan developed by engineers over a period of ten months.

[48] In July 2023, Auto Motor und Sport magazine reported that a secret investor had signed a letter of intent to purchase both the Emily GT and PONS projects from NEVS.

[51] Despite this, EV Electra failed to secure a development site in Trollhättan, instead purchasing a factory in Italy, leading to NEVS cancelling the agreement.