NEVS sells 150,000 9-3 EV's and services

Last week NEVS shared key elements of their new business plan. A new line-up of five EV's, with the first SAAB 9-3 based EV hitting the Chinese and Swedish markets in 2017, to be followed by the international launch of four Phoenix platform-based completely new models in 2018. Today they are announcing that the first very significant batch of 9-3EV's is already sold to Chinese New Energy company: 150,000 cars until the year 2020, services and another 100,000 other EV's. Total contract value to be around SEK 100B (approximately € 10B).

NEVS President Mattias-Bergman-owner-Kai-Johan-Jiang

Original Press Release text below:

Nevs signed a Strategic Collaboration Agreement with Panda New Energy Ltd, about 150,000 9-3 Sedan EV

National Electric Vehicle Sweden (Nevs) and the Chinese company Panda New Energy Co., Ltd. have signed a strategic collaboration agreement. According to the agreement, Nevs will provide Panda with 150,000 9-3 sedan electric vehicles until the end of 2020. In addition, the agreement also includes 100 other EV products and services from companies associated with Nevs and its owners. The total value of the agreement is 000 billion RMB.

Panda New Energy is a new energy vehicle leasing company focused on low emission mobility solutions. Cooperating with many chauffeured car service platforms in China, Panda aims to become one of the biggest EV leasing companies in the world.

"This is a strategic collaboration for news not only in terms of the numbers of vehicles, but it is also important to implement our vision and new business plan. In the long term, we want to provide our customers with both sustainable products and mobility services, "said Stefan Tilk, Vice Chairman Nevs.

"We are very pleased to cooperate with Nevs, a company with a rich innovation heritage and the right ability to fulfill our demands. Ma Chao, Chairman Panda New Energy, said: "Being in an emerging market for new energy vehicles, we are happy to find a partner who shares our commitment to the environment."

National Electric Vehicle Sweden AB's (Nevs) vision is to shape mobility for a more sustainable future, and on the development of electric vehicles and sustainable mobility services. Nevs acquired the main assets of the former Saab Automobile in 2012. Nevs is co-owned by National Modern Energy Holdings, Tianjin Binhai Hi-tech Industrial Development Area (THT), and the Beijing State Research Information Technology Co., Ltd. (SRIT).

http://saabcars.com/en/news/047A2C2EC0FE82FD

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9-5 Aero
9-5 Aero
8 years earlier

No comment and let's look what happens from 2017 - 2020.

pmh
pmh
8 years earlier

It sounds good, but i just want it after a first car loaded with China, it sa long time
up to 2017 ………………

MYSAABISGOOD
MYSAABISGOOD
8 years earlier

Very good news. For the workers, then! Go on!

Edwin
Edwin
8 years earlier

Great news Michél, watch out Tesla here we come… .. 😉

Frank Wulfers
8 years earlier

I missed that bit of information in the press release so my bad. If they plan on leasing 30K cars a year, I assume they must be a pretty big company offering other EVs as well. Still haven't been able to find any more info about this company and for how long they have been in business. As an insider, do you have more info?

thylmuc
8 years earlier
Reply to  Michèl Annink

Have to agree with Frank, this is a bit suspicious. “Panda” is such a generic name, there might be dozens of companies. Ordering 150000 cars however means that they are a big company, and should show up easily by a Google research. However, they don't. When I google the name, all links I get are just citing the press release. My conclusion would be that either the company name has been cited faulty in NEVS's press release (which in itself would be amazing) or that something is utterly wrong.

Frank Wulfers
8 years earlier

Your article thread says NEVS sold 150K vehicles to Panda. Their press release says 'strategic collaboration agreement'. I haven't seen the agreement but doesn't look like it is a sales contract or firm order.

Panda New Energy Co., Ltd is unknown to China experts, according to the Swedish press. A web search shows there is a manufacturing company called I-Panda New Energy Technology & Science Co., Ltd but it is not clear these are the same. Are they? If not, what kind of company is Panda New Energy Co., Ltd?

But more importantly, what are they going to do with 150K vehicles? Sell ​​them to consumers?

As with these kind of Chinese 'agreements', let's wait and see ...

Terry9k
Terry9k
8 years earlier
Reply to  Frank Wulfers

It appears Panda is owned by the owner of NEVS, so in-house order it seems ... ..

Tibor
Tibor
8 years earlier

What is an “EV product and service”?

TTAero
TTAero
8 years earlier

Yeee ... heeesessss!

Andreas
8 years earlier

Mhhhh hopefully this will not be a second met @ box.

Mountain goat
Mountain goat
8 years earlier

150.000 individual CUSTOMER decisions would be better than 1 decision from the boardroom!
We all suspect how these decisions can be made in the Eastern world.
I take note of the message. Wait. Joy looks different.
Sixt, Hertz, Enterprise and Co. might also be interested ...

Andreas
Andreas
8 years earlier

oookay, that time na announcement! I'm curious if and what they will deliver.

ivan95aero
8 years earlier

wow ...