SAAB successor NEVS receives China’s approval for new electric...

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retiredyoung

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01/02/17

09:06

Post #: 22275266
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SAAB successor NEVS receives China’s approval for new electric car factory with capacity of 200,000 units per year

National Electric Vehicle Sweden (NEVS), the China-backed firm that bought SAAB’s assets out of bankruptcy in 2012, has been trying to position itself has a major player in the electric vehicle industry.

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The company is one step closer now that it received today an electric vehicle production license for its 200,000 units per year car factory in Tianjin, China.

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The Chinese National Development Reform Commission (NDRC) is requiring approval for new investments in car production in the country, but the government is trying to make it easier for foreign carmakers to invest especially in electric car production.

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NEVS says that the plant in Tianjin is still under construction, but it should be “up and running at the end of 2017, with the capacity of 200 000 electric passenger vehicles yearly.”

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The company already has an important order that will enable them to secure demand for the first 3 years. Panda New Energy, a new energy vehicle leasing company in China, ordered 150 000 9-3 Sedan electric vehicles in 2015. The deal could be worth as much as $12 billion according to the company.

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It will be delivered over the next 3 years so NEVS already sold over 25% of its annual capacity for that period.

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https://electrek.co/2017/01/25/saab-nevs-china-approval-electric-car-factory/
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