Published on September 27th, 2012 | by Anneli Hidalgo0
Chinese-Japanese consortium plans EV for Saab
Electric vehicles | Car manufacturer Saab has been bought by National Electric Vehicle Sweden AB (NEVS), an international consortium formed by Japanese, Swedish and Chinese stakeholders. The new company will establish a new automobile venture in Trollhättan, that will be entirely dedicated to the development and manufacture of electric vehicles. The first model to be developed will be based on the current Saab 9-3, which will be modified for electric drive using advanced EV technology from Japan. The launch is scheduled for year-end 2013/2014.
“China is investing heavily in developing the EV market, which is a key driver for the ongoing technology shift to reduce the dependence on fossil fuels. The Chinese can increasingly afford cars; however, the global oil supply would not suffice if they all bought petroleum-fueled vehicles. Chinese customers demand a premium electric vehicle, which we will be able to offer by acquiring Saab Automobile in Trollhättan,” said Kai Johan Jiang, founder and main owner of National Modern Energy Holdings Ltd, the majority shareholder of NEVS.