Today, Koenigsegg has formally announced the buyback of NEVS’s 65 percent stake in Meneko, which is tasked with building the upcoming Gemera four-seat hypercar.
“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 von 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.”
Koenigsegg’s goal is to build 300 examples of the Gemera at a brand-new production facility that’s currently in an advanced stage of construction. Assuming everything remains on schedule, the first Gemeras will roll off the assembly line starting in 2023.