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).
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).