Swedish evee firm joins hands with China’s Volinco


NA­TIONAL Elec­tric Ve­hi­cle Swe­den (Nevs), the com­pany that bought Swedish car­maker Saab, has signed a 8,5 bil­lion crowns (about R16,5 bil­lion) deal with China Volant In­dus­try Cor­po­ra­tion (Volinco) for 20 000 elec­tric cars based on Saab’s 9-3 sedan model.

Volinco in­tends to use the cars as com­pany ve­hi­cles for its em­ploy­ees, and Nevs ex­pects to de­liver the cars over the course of three years, start­ing in 2017. This lat­est agree­ment comes af­ter Nevs signed a $12 bil­lion deal late last year to de­liver 150 000 elec­tric cars to Panda New En­ergy, a Chi­nese EV leas­ing com­pany.

The new deal would also al­low Nevs to ac­cess Volinco’s parts sup­pli­ers. Nevs still hasn’t sourced the parts for fu­ture mod­els it has planned, mak­ing this deal a step to­wards Nevs’ longterm goal of be­ing fully op­er­a­tional by 2020. The com­pany will build and paint com­po­nents of the cars in Swe­den and assem­ble them in China. — Reuters.

Saab’s 9-3 sedan will form the hull for thou­sands of elec­tric cars in China.

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