Koenigsegg (automotive company)

Koenigsegg
is a Swedish automotive company headquartered in Ngelholm, Skne County, that produces high-performance sports automobiles. Christian von Koenigsegg established the business in Sweden in 1994 with the goal of creating a "world-class" sports automobile. The CC8S, the company's first street-legal production automobile, was debuted in 2002 after several years of development and testing. The CCX, which has a custom engine built in-house by Koenigsegg, went into production in 2006. The objective was to create a vehicle that could be used anywhere in the globe, especially in the United States, where imports of prior Koenigsegg models were prohibited by US import laws. 
Forbes named the CCXR as one of "the world's most beautiful vehicles" in March 2009. The Agera won the BBC Top Gear Hypercar of the Year Award in December 2010. In addition to creating, producing, and marketing the Koenigsegg range of sports vehicles, the company has been working on "green technology" development projects since the CCXR ("Flower Power") flex-fuel sports car and is still doing so with the Jesko today. Moreover, Koenigsegg is engaged in efforts to create the systems for plug-in electric vehicles and the subsequent generation of reciprocating engine technology. Moreover, Koenigsegg created a camless piston engine, which was used for the first time in the 2020 Gemera. 
Instead than depending on outside contractors, Koenigsegg develops and manufactures the majority of the major systems, subsystems, and parts required for their automobiles in-house. Koenigsegg paid US$171 million in January 2019 to Swedish electric vehicle maker National Electric Vehicle Sweden (NEVS) for a 20% share in the business. Since that time, Koenigsegg has acquired the NEVS stake back and is once again the sole owner of the business. 
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