Swedish-Chinese tie-up NEVS expects its Tianjin plant to be up and running by the end of 2017
The Chinese government has approved an application by National Electric Vehicle Sweden (NEVS) to start production of electric vehicles in its manufacturing plant in Tianjin.
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, a Swedish holding company which acquired the assets of bankrupt manufacturer Saab in 2012, is the first joint venture company with investors from outside China to be granted a New Energy Passenger Vehicle Project investment approval by NDRC.
“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,” said company chairman Kai Johan Jiang.
NEVS’ manufacturing plant in Tianjin is under construction and planned to be up and running at the end of 2017, with an annual production capacity of 200,000 electric passenger vehicles.
The electric car industry is growing rapidly in China. NEVS’ plan is to develop a product portfolio of electric vehicles and mobility services globally, with China as the first and most demanding market for the coming years. The immediate plan is to deliver 150 000 9-3 Sedan electric vehicles to the partner Panda New Energy, a new energy vehicle leasing company in China.