The Chinese government has approved NEVS' application to start production of electric vehicles in its manufacturing plant in Tianjin.
The license approved by the 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 granted New Energy Passenger Vehicle Project investment approval.
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The plant in Tianjin is under construction and planned to be up and running at the end of 2017, with the capacity of 200 000 electric passenger vehicles yearly.
The electric car industry is growing rapidly in China. NEVS plans to develop a line 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 partner Panda New Energy, a new energy vehicle leasing company in China.
"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," said chairman Kai Johan Jiang.
