NEVS has happily announced that its production application has been approved by the Chinese government.
With a production license in China now under its belt, NEVS intends to complete construction of a manufacturing plant in Tianjin, and start assembling cars by the end of this year.
Kai Johan Jiang, chairman of NEVS
Production capacity is said to be 200,000 cars annually once everything is up and running.
Of those, about 150,000 9-3 EV Sedan electric cars are to be produced for partner Panda New Energy, a new energy vehicle leasing company in China that is NEVs main backer today.
"The electric vehicle production license approved by the Chinese National Development Reform Commission (NDRC) is required in order to manufacture electric vehicles in China. NEVS is the first joint venture company with investors from outside China that is granted a New Energy Passenger Vehicle Project investment approval by NDRC."
Kai Johan Jiang, chairman of NEVS said:
"I am very grateful for the approval we now have received for the electric vehicle production license. It is an extremely important milestone for NEVS, which is based on 70 years of Saab long history. It means that we can take the next step to realize our vision - to shape mobility for a more sustainable future."