For the first time in two and a half years, a Saab automobile has rolled off the assembly line in Trollhattan, Sweden.

Saab, formerly owned by General Motors, filed for bankruptcy in December 2011, after attempts by GM to sell the company fell through.

In 2012, National Electric Vehicle Sweden (Nevs) bought some of Saab’s assets out of bankruptcy, with the aim of making electric cars under the Saab label.

The sedan produced Monday is the 9-3 Aero, a revamped version of a Saab car with a more traditional turbo-gas engine for sale in Sweden. The electric cars are to be sold in the Chinese market.

The vehicle will go on sale in Sweden on Dec. 10, with a price tag of 279,000 krona (a little over $45,142 Canadian.)


Saabs were last built by a Dutch company called Spyker NV in 2011, but hopes that Spyker would buy the Swedish automaker fell through.

In 2012, Swedish-Chinese consortium Nevs bought rights to the Saab name and the technology for the 9-3 sedan —which had already been on the market for several years while GM owned Saab.

“It is truly a complex mission to start a car production process which has been still for 2½ years,” Nevs President Mattias Bergman said in a news release issued Monday.

Kai Johan Jiang, Nevs founder and main owner, said the new electric car would combine Swedish expertise,  Japanese battery technology and new lightweight materials.

Nevs’ parent company is National Modern Energy Holdings, which also has ties to China’s State Power Group, which has opened a battery plant in Beijing to make batteries for electric-powered cars and buses.