Nevs’ Chairman Kai Johan Jiang at the ground breaking ceremony in Tianjin June 28

Nevs’ Chairman Kai Johan Jiang at the ground breaking ceremony in Tianjin June 28

National Electric Vehicle Sweden, who is trying to resurrect SAAB and begin production of electric cars, celebrated a ground breaking ceremony for production and R&D in Tianjin, China.

That's interesting because just 9-months ago they were struggling, laying off workers.

But after the reorganization and finding two new strategic investors in China, they're back in the game and intend to bring on the market new energy vehicles - but not in Europe (China), and not under the SAAB banner.

The factory in Tianjin will have an annual capacity of 200,000 units, which sounds bold even in China. We will just sit and watch whether NEVS can deliver.

"National Electric Vehicle Sweden (Nevs) held its project launching ceremony for the production and Research&Development joint ventures in Tianjin Binhai Hi-tech zone on 28th June, marking the start of Nevs strategic setup in China.

<em>Inside The Saab 9-3 EV Prototype</em>

Inside The Saab 9-3 EV Prototype

Nevs Tianjin factory will be focused on new energy vehicles with an annual capacity of 200 000 units. Nevs will have two global production units with Trollhättan factory to support the Tianjin factory with manufacturing planning, workers training and product supply in the initial stage.

Nevs recently announced two new strategic shareholders of Nevs from China with the city of Tianjin and State Research Information Technology, SRIT.

Now two Chinese joint ventures are registered, for Production and R&D. Besides Nevs the parties are SRIT and the It-company Teamsun, which investments initially will be 1 bn RMB respectively 200 MRMB. The three parties will combine their industrial and software engineering competence to co-develop future car connectivity systems.

At the same time the Bank of China in an agreement with Nevs granted a credit of 10 bn RMB, to support the development of Nevs’ business in China.

Nevs research and development will be managed from its headquarters in Trollhättan.There will be a close collaboration between the R&Ds in China and in Sweden to generate future vehicle technology and to develop tailor-made vehicle models for the Chinese consumers.

Based on the engineering expertise and experience in Sweden, the R&D in Tianjin is also designed to provide excellent engineering service to other Chinese brands that will create industrial synergies with Nevs’ own products."

Mattias Bergman, President of NEVS, said:

“The two JV establishments in Tianjin will be a strong complementary to our existing resources in Sweden, and is an important first step for Nevs to pave the foundation for further development in China."

Saab 9-3 EV Prototype On The Track

Saab 9-3 EV Prototype On The Track

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