NEVS makes another electric-deal for 20,000 cars image

The consortium that bought Saab has said it made an agreement with China Volant Industry Co for building 20,000 electric cars.

National Electric Vehicle Sweden (NEVS), the successor to Saab, has ambitious plans for its electric car production, aiming to become an important player on the market. The company has taken its first major step into this direction last month, when it said it signed a massive 12-billion-dollar contract for an order for 150,000 electric cars based on Saab 9-3 sedan for a Chinese leasing company. In addition, the deal includes 100,000 other EV products and services from companies associated to NEVS and its owners. The company has just announced it made another deal for 20,000 electric cars worth about 1 billion dollars with China Volant Industry (Volinco). The order for the electric cars based on Saab’s 9-3 sedan model is set to be signed at a later time and NEVS plans to deliver them in the 2017-2020 timeframe, a spokesman for the consortium said. Volinco will use the vehicles as company cars for employees. “The cooperation agreement means we will get an order but the final purchase agreement is not signed yet,” he stated, adding that NEVS would also get access to Volinco’s suppliers.

“Volinco is a very large group with many interesting high-tech component suppliers. It is interesting for us to be able to have access to them for our production,” the spokesman said, adding that NEVS has not yet sourced the components for planned new models. NEVS is building a new facility in China, set to be fully operational in 2020, and will produce and paint the cars’ bodies for Volinco at the old Saab factory in Sweden, to be then assembled in China.

Via Reuters