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Saab Owner Approved to Make EVs in China
China’s National Electric Vehicle Sweden AB, which acquired the assets of bankrupt Saab Automobile AB five years ago, has been given permission to build electric cars in Tianjin.
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China’s National Electric Vehicle Sweden AB, which acquired the assets of bankrupt Saab Automobile AB five years ago, has been given permission to build electric cars in Tianjin.
NEVS says it aims to open an assembly plant there by the end of 2017. The facility will have annual capacity to make as many as 200,000 EVs based on the Saab 9-3 sport sedan. The company expects to supply 150,000 of the cars to its Panda New Energy leasing partner in China.
The Chinese National Development Reform Commission issued the production license. NEVS says it is the first joint venture involving foreign investors to be approved under the commission’s New Energy Passenger Vehicle Project.
NEVS, which has been striving for years to build an electrified version of the 9-3, says it hopes to develop a global array of EVs and mobility services.
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