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.