The Lebanese company EV Electra has bought the Emily GT developed by NEVS.
Does anyone know something about this company EV Electra?
Does anyone know something about this company EV Electra?
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EV Electra – The company that has bought the Emily GT developed by NEVS
- Thread starter SwedishAdvocate
- Start date
Tam
Well-Known Member
Palestinian businessman Jihad Mohammed founded EV Electra in 2017 with branches in Canada, Italy, Germany and the Netherlands.
Its longest range is 500 miles or 800 km.
It's a smart move to take over a very well-known Sabb/NEVS.
Emily GT is promising
With 600 mile range and 174kW pack.
If it can mass produce Emily GT, it will be the only company that has 600 mile EV!
Its longest range is 500 miles or 800 km.
It's a smart move to take over a very well-known Sabb/NEVS.
Emily GT is promising
With 600 mile range and 174kW pack.
If it can mass produce Emily GT, it will be the only company that has 600 mile EV!
It was announced at eCar Expo Sweden last week and my chassis was on display next to the Emily GT (though I was not there myself).
It has been lots of speculation about EV Electra but NEVS has done the background research and are comfortable with the new owner. EV Electra has reportedly the financial backing to make the Emlily GT production ready. It's an amazing car.
It has been lots of speculation about EV Electra but NEVS has done the background research and are comfortable with the new owner. EV Electra has reportedly the financial backing to make the Emlily GT production ready. It's an amazing car.
Paywalled?...
[...] Criminal connections, unclear transactions with their own cryptocurrency - there are many allegations in the air. [...]
There are also new allegations being made against EV Electra. This time it is about an investment commitment of US$500 million that has not been kept. Here too, the Lebanese investor defends himself and presents the statements as incorrect. [...
Isn't EV Electra the desired savior for Trollhättan?
7 December 2023[...] Criminal connections, unclear transactions with their own cryptocurrency - there are many allegations in the air. [...]
There are also new allegations being made against EV Electra. This time it is about an investment commitment of US$500 million that has not been kept. Here too, the Lebanese investor defends himself and presents the statements as incorrect. [...
Tam
Well-Known Member
The only problem with $500,000,000 investment is it's fuel cell which will be a money loser for a long time (just like Toyota).
If that's a crime, then Toyota should be first on the list.
It's misleading to think it's "cryptocurrency." It's about blockchain technology that can be used for many applications and not just about "money."
Electra EV is a privately held company. It did sell shares to a limited number of investors but they don't get a traditional paper share. Their shares are in the form of tokenized shares on the Ethereum blockchain.
So, the "cryptocurrency" mentioned here is not money. It's a method of recordkeeping to prove whether you are a shareholder of this private company or not.
This is not something new. Vinfast also announced:
"With VinFast's application of blockchain technology, customers booking VinFast EV reservations will get a VinFirst NFT (non-fungible token) certifying their membership as a pioneer in VinFirst. VinFirst member benefits will be transferred directly to their blockchain wallet based on their VinFirst NFT, enabling customers to verify their benefits easily and transparently, and open future benefits and services as a pioneer member."
Because it is private, no one knows how many shares there are, and because of the secrecy, the press would automatically label this share record system as "criminal connections."
Many companies are using blockchain technology too: IBM, Amazon, De Beers (as in diamond), Walmart, Microsoft, and Maersk... We don't call them having criminal connections with cryptocurrency.
Of course, they all could, but there needs to be evidence and not just a lack of knowledge as proof.
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...] The skepticism intensifies with revelations that EV Electra has been marketing cars on its website that were developed by other companies and used without permission.
Allegations of Model Theft and Legal Disputes
The Czech electric car company K1 Attack has ceased all dealings with EV Electra, alleging that EV Electra’s use of their car models is damaging their brand. Another car, reportedly developed by Detroit Electric, has led to a police report against EV Electra for alleged theft. Detroit Electric’s CEO, Albert Lam, accuses Mohammad of fraud after a failed investment promise of 500 million dollars. [...
Evaluating EV Electra’s Future in Trollhättan: Insights from Swedish Journalist
Swedish journalist examines EV Electra's acquisition of NEVS' Emily GT, highlighting skepticism around Jihad Mohammad's leadership
www.saabplanet.com
Tam
Well-Known Member
A police record is a public record, but the article does not show a link to a police report. It doesn't show a link where Albert Lam accuses Mohammad of fraud....] The skepticism intensifies with revelations that EV Electra has been marketing cars on its website that were developed by other companies and used without permission.
Allegations of Model Theft and Legal Disputes
The Czech electric car company K1 Attack has ceased all dealings with EV Electra, alleging that EV Electra’s use of their car models is damaging their brand. Another car, reportedly developed by Detroit Electric, has led to a police report against EV Electra for alleged theft. Detroit Electric’s CEO, Albert Lam, accuses Mohammad of fraud after a failed investment promise of 500 million dollars. [...
Evaluating EV Electra’s Future in Trollhättan: Insights from Swedish Journalist
Swedish journalist examines EV Electra's acquisition of NEVS' Emily GT, highlighting skepticism around Jihad Mohammad's leadershipwww.saabplanet.com
There's no link on K1 Attack vs Mohammad either.
What's the alternative if Mohammad is a bad dude? Is there any Superman who would buy NEVS?
Here's four articles from Swedish Press. Three from Swedens leading Business Paper, and one from the leading Swedish Paper on Technology. They're all pay-walled though. Anyone who has read them and can provide a brief summary?
Di avslöjar: Nevs-köparen har kopplingar till misstänkt svensk ekobrottsling
EV Electra framställs som räddare i nöden för Nevs och elbilen Emily GT. Men det finns flera frågetecken kring det libanesiska bolaget och dess ägare. Di kan nu berätta om kopplingar mellan EV Electra och den svenske affärsmannen Anthony Norman, häktad misstänkt för grova ekobrott.
www.di.se
Nevs vd vägrar intervju efter Di:s avslöjande
Nevs vd Nina Selander är återhållsam med kommentarer efter Di:s avslöjande om EV Electras kopplingar till en misstänkt ekobrottsling och vägrar ställa upp på en intervju.
www.di.se
Nevs-köparen: ”Vi träffades bara en gång”
EV Electras vd Jihad Mohammad bekräftar för Di att han inledde samarbete med den nu häktade svensken Anthony Norman. Däremot förnekar han att hans bolag ska ha tjänat några pengar. ”Han lurade oss”, hävdar Jihad Mohammad.
www.di.se
Polisanmälan och brutna avtal – nya Nevs-ägarens förra elbilsaffär kraschade
”Jag hoppas att min historia kan bidra till att Nevs gör klokare val”, säger nya Nevs-ägarens tidigare samarbetspartner. Ny Teknik har granskat dokumenten.
This kind of reasoning assumes that the Chinese owners of NEVS were willing to sell to someone else other than Mohammad...
Also: The Chinese behind NEVS were in talks about selling the company for ~half a year or more. I wonder why it took so long?... Does anyone know if they talked to someone else besides Mohammad?
Here's a guy in Norway talking to a Swedish journalist. The interview is in English. The guy in Norway says Mohammad never paid an invoice for a Red Detroit Electric Roadster. The amount on the invoice was for 98,500 Euros back in ~November of 2021. He presents the invoice to the journalist. He also shows the Swedish journalist a copy of the Norwegian Police Report that was filed since Mohammad never paid.
The Interview starts at 04:30 in the vid below. The guy presents the invoice at ~09:37, and the Norwegian Police Report at ~14.47.
This video is ~two days old.
The Interview starts at 04:30 in the vid below. The guy presents the invoice at ~09:37, and the Norwegian Police Report at ~14.47.
This video is ~two days old.
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Tam
Well-Known Member
It's about stealing a 98,500 Euro car. It doesn't say he cheated $500 million in Detroit Electric investment.
Anyway, stealing is stealing. Interpol has access to arrest a fugitive in Lebanon and Canada. It's not logical that an important owner of prestigious former Saab is walking free within the reach of Interpol. Something does not make sense here.
So now we learned that he didn’t pay 98,500 Euros, how did he pay to buy the former Saab?
He doesn't believe in loans/debt so the transaction must be in cash.
Tam
Well-Known Member
Before this, prior Chinese owner already produced 20 Emily GT prototypes in 2020.
Current owner just bought a factory in Italy.
Sales should start this year in 2024:
driving.ca
Current owner just bought a factory in Italy.
Sales should start this year in 2024:
Canadian carmaker EV Electra buys Italian factory
Unclear which vehicle will be produced there, but let's hope its the 1,000-km range GT Emily
driving.ca
