A Hong Kong-based consortium has finished acquiring bankrupt carmaker Saab, including tooling and platforms for the Saab 9-3 and Saab’s facilities in Trollhättan, Sweden. The consortium, National Electric Vehicle Sweden, announced plans on Monday to introduce an electric vehicle based on the 9-3 in around 18 months. Reuters reports the car won’t have Saab’s iconic griffin logo, however, because of an agreement with former owners, Scania and a Saab aerospace group.

Saab’s bumpy past includes ownership under GM and Dutch automaker Spyker, with last-minute attempts before liquidation to find Chinese investors. What remains and who owns it gets complicated. Hong Kong-based National Modern Energy Holdings owns National Electric Vehicle Sweden, but NMEH is itself a subsidiary of another entity, China Dragon Base Holdings.

The new EV will primarily target the Chinese market, Reuters reports. Would anyone here buy the next Saab? Though shuttered, the brand still has plenty of faithful: The U.S. has some 300,000 Saabs on the road, the Detroit News reports.

We’ll keep you posted on more news of the eventual car.

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