Koenigsegg believes that an upcoming auction hosted by Bonhams has undervalued one of its rarest and fastest hypercar offerings, a One:1.The car was owned by Equatorial Guinea President Obiang Nguema Mbasogos son, Teodoro Nguema Obiang Mangue, and is one of 11 highly valued supercars seized from him during a raid in Geneva.According to Motoring Research, Bonhams estimates the One:1 will sell for between US$1.8 million and US$2.3 million, but thats a heck of a lot cheaper than the US$2.8 million it sold for originally.Koenigsegg doesnt stand to make any money from the private sale of the supercar, but in a statement to Bonhams, questions why the value was so low, given the rarity of the vehicle.In an effort to provide Bonhams all the opportunities to do the right thing, we sent them a draft of this text in advance so they can correct their estimate, the statement read. They did revise their estimate slightly to a figure that is still not even close to proven market value and substantially lower than our firm offers.We at Koenigsegg are not willing to stand by on the sidelines and observe this wrongful and harming behavior without reacting The question is, why should bidders, who trust Bonhamss judgment, not be given a fair chance to jump on the opportunity, instead of stopping their bids short, based on information Bonhams knows is incorrect? There are only six examples of the One:1 in the world, so we understand why the Swedish brand is upset Bonhams would set such a low estimate for it, which serves to limit the value in the minds of the buyer.All proceeds from the sale will go to benefit Equatorial Guinea, which Mbasogo ruled for over 32 years while infamously enriching himself and keeping the country in
Origin: Koenigsegg complains Bonhams auction house undervalues One:1 up for sale
Koenigsegg
‘Entry-level’ electrified Koenigsegg to debut in 2020
Christian von Koenigsegg in front of an Agera RS at the Canadian International Auto Show in Toronto.Supplied Koenigsegg is planning to release a budget volume model that will attract new customers to the brand, the company announced mid-May. The Swedish supercar-maker has already been working on the model for two years, but now thanks to an investment from NEVS (New Electric Vehicle Sweden) the development pace is being ramped up. NEVS is a Chinese-owned firm that currently produces a Saab-based EV. Weird, we know, but their £130-million ($233 million) investment will ensure a healthy production speed-up, so we’re happy. In trade for the investment, NEVS will get a 20-per cent stake in Koenigsegg’s parent company, which it wants to use to build a project targetting new and untapped segments.” The new vehicle will cost only £750,000 pounds ($1.3 million), which is sort of a bargain compared to the other monster vehicles the comapny builds, like the Regera, which is almost twice that price. Powering the next-generation supercar will be Koenigsegg’s trusty 5.0-litre V8 and two turbochargers, while also introducing some form of electrified drivetrain technology. The engine will feature Koenigsegg’s special FreeValve technology, which eliminates camshafts for better performance, as well as better economy and emissions, not that it matters in a supercar. More models may also be spawned from this new platform, but no details have been announced. This vehicle will see Koenigsegg increase production from just 18 cars per year to over 100, so it’s possible some RD could be allocated to the former home of Saab in Trollhättan. The vehicle will be revealed in 2020, and production is set to start soon
Origin: ‘Entry-level’ electrified Koenigsegg to debut in 2020
Koenigsegg supercar due in 2020 with electrified 5.0-litre V8
Koenigsegg is planning to attract new customers with a much cheaper and higher-volume new model, according to boss Christian von Koenigsegg. It’s set to be revealed next year, with production beginning soon after. The Swedish hypercar maker is now able to make use of far greater economies of scale thanks to a £130 million investment earlier this year by Chinese-owned firm New Electric Vehicle Sweden (NEVS, producers of a Saab-based EV). The partnership has given the firm a 20% stake in Koenigsegg’s parent company, with further money to be invested in a joint venture to develop a project for “new and untapped segments”. Von Koenigsegg claims the agreement, which was signed just as funding for a new model series had been secured, means “we get much more muscles and much more jobs, and that was what I was looking for”. Autocar understands the medium-term plan is to build and sell a new supercar at a price of £700,000 to £800,000, less than half that of the firm’s current cheapest model, the Regera. The supercar has been under development for two years but the NEVS deal allows Koenigsegg to raise the pace of development and present the car in the first half of 2020. The exact specifications of the new model have yet to be revealed, although we know that it will feature the tried-and-tested twin-turbocharged 5.0-litre V8 with some form of electrification. Alongside this, it will also use a ‘free valve’ system from sibling engineering firm Freevalve AB. Such tech allows the intake and exhaust valves to be controlled freely without the use of camshafts, resulting in lower fuel consumption, reduced emissions and greater performance. Other models are in the pipeline, although details have yet to be revealed. They will be developed and built at Koenigsegg’s facility in Ängelholm, Sweden, with a new final assembly plant set to be built. However, NEVS also owns the assets of now-defunct Saab, so there is potential for it to make use of a substantial production, research and development facility in Trollhätttan. Don’t expect the new investment and ambitions to make Koenigsegg a big-volume maker, though. Last year, it produced just 18 cars and its aim is to extend that up to and above 100 cars a year in the next few years with the new, cheaper car. Longer term, that could breach four figures, depending on the roll-out of future
Origin: Koenigsegg supercar due in 2020 with electrified 5.0-litre V8
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