NEVS Signs Electric Car Supply Deal With China’s State Grid
National Electric Vehicle Sweden (the company that acquired Saab Automobile assets..but somehow not the actual name) announced a strategic cooperation with State Grid Corporation of China (SGCC).
The SGCC is one of the largest company’s worldwide (7th on Fortune Global 500) and is engaged in many ways with charging infrastructure projects in China.
According to the short press release, NEVS will be supplying plug-in electric cars to SGCC. We could also imagine that SGCC will help with charging in some capacity.
“On March 15, 2016, National Electric Vehicle Sweden AB (Nevs) and State Grid Electric Vehicle Service Co., Ltd. signed a Strategic Cooperation Framework agreement.”
Stefan Tilk, Vice Chairman Nevs said:
“I am very proud that State Grid has chosen Nevs as a preferred partner for mobility solutions and as a supplier of electric vehicles. State Grid plays a very strategic and operational role in China’s transformation to more sustainable solutions”.
The second decent sized announced by NEVS is a framework agreement in acquiring a stake in a transport vehicle manufacturing company – New Long Ma (NLM) in Fujian province, China.
As we understand it, NLM could help to begin production of a NEVS plug-ins, despite some earlier construction of its own factory, which arises some questions as to the logistical sense of the move. It would seem NEVS is now interested in a “electric commercial distribution minivan“:
“New Long Ma (NLM), is located in the Fujian province, and is a part of the Fujian Motors Group, owned by the Fujian provincial government. The company has during the last three years invested three billion RMB in a new plant that today has a production capacity of 150 000 vehicles per year.
NLM’s product portfolio includes an electric commercial distribution minivan which is a part of the agreement. Today this product is the third most sold electric minivan in China, with over 12 000 units sold during its first production year 2015.”
“The cooperation will also play an active role in fulfilling Nevs’ offer to Panda New Energy with 50,000 electric logistic vans and 50,000 electric mini bus.
The framework agreement is signed by the Fujian Motors Group, Long Ma Industrial Co.,Ltd, Nevs AB and Nevs’ part owner State research Information Technology, SRIT. According to the agreement Nevs will acquire 50% of the shares of New Long Ma and SRIT 15%. Fujian Motors Group remains as a 20% owner and Long Ma and others 15%.”
Kai Johan Jiang, Chairman of Nevs said:
“This deal broadens our product portfolio with an additional vehicle type which contribute to our vision of sustainable transport solutions. The deal is of significant strategic importance to implement our business plan and this will speed up our time to market.“.