NEVS receives €850M order for 20,000 EV’s

Only a few weeks after the announcement of the major order for 150,000 Saab 9-3 based EV’s by Panda New Energy, NEVS now confirms to have received another significant order. Chinese company Huateng will receive 20,000 electric vehicles (EV’s) from NEVS. This news marks another step forward to secure the necessary financial base to realize the business plan launched in November.

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In an interview with Swedish Radio, NEVS founder and chairman Kai Johan Jiang confirmed the deal with Huateng (also known as Volinco outside of China), a company specializing in aerospace technology.
The order for 20,000 Saab 9-3 platform based EV’s is valued at SEK 8,5B (approx. EUR 850M) and is aimed at Huateng’s leasing division. Jiang also shared that NEVS will collaborate with Huateng on the development of specific lightweight parts.

New factory on track
The news came straight from the new factory building site in Tianjin, where a delegation of the NEVS board of directors was visiting. NEVS President Mattias Bergman stated that the process was progressing according to plan and that the production facility (will a planned annual capacity of 200,000 cars) should be ready in May 2017.

Phoenix 1.1
No specifics about the characteristics of the cars or the delivery timelines were shared at this point, but NEVS Communications Director Mikael Östlund confirmed to Saabblog.net that the cars will be based on the so-called “Phoenix 1.1” platform (a.k.a. NEVS’ own EV-platform that was developed based on the MY14 Saab 9-3).
Today’s announcement adds significantly to NEVS’ momentum on the Chinese EV market. A recent article by Norihiko Shirouzu called “A rebranded Saab at the center of China’s green car push” provides some good additional perspectives.

New name?
Some news about another important ingredient -the brand name- was also confirmed recently. In an interview with Swedish Radio, Kai Johan Jiang shared that NEVS had hired international marketing agency Interbrand to research brand and brand name options for use on the Chinese market. At the same time, it was confirmed again that the dialogue with SAAB AB hasn’t been closed and that there still isn’t a decision either way.

 

11 Gedanken zu „NEVS receives €850M order for 20,000 EV’s

  • 12. Januar 2016 um 3:52 PM
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    Good news for NEVS! Amazing how fast the EV market in China develops. Hopefully they can use the brand name SAAB again!

  • 12. Januar 2016 um 4:49 PM
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    Michel, on the blog of Saabsunited they wrote yesterday that in this same radio interview in Swedish radio, Kai Johan Jiang disclosed that they are working on a new brand name for their cars.
    Why should NEVS do that when the discussion with Saab AB has not yet taken a definitive decision to NOT give the name Saab away for cars? It does not make a lot of sense to use another brand name for the cars in China when the Saab name was available to NEVS.

    • 12. Januar 2016 um 4:55 PM
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      There is a significant discrepancy between SU’s translation/interpretation and what’s in the actual interview. Let’s leave it with that.

  • 13. Januar 2016 um 2:10 PM
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    If the translation of an interview with NEVS is correct or not isn’t relevant for current SAAB drivers and the SAAB Blog. Future will show what’s in behind.

    Relevant is that the strategy of NEVS is defined as being “disruptive”. This means in other words that NEVS don’t want to have anyhing to do neither with current SAAB drivers nor with SAAB’s.

    The consequence is that I don’t want to have anything to do with NEVS and I’m not interested to hear anything about them. NEVS is NOT the successor of SAAB.

    • 13. Januar 2016 um 2:20 PM
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      As you already know, I beg to differ, but thanks for voicing your opinion Thomas.

      • 13. Januar 2016 um 4:02 PM
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        Don’t mention it, Michèl. ☺

        A conclusion depends from your point of view. I see of course that it is relevant for Trollhättan and the population there what happens.

        For my SAAB and my daily mobility needs it is unfortunately not the answer what the vision of NEVS is and therefore worthless and too late. I live here, not in China. So my personal SAAB-story had to come to an end. It’s a pity for SAAB but the reality is that there are enough real companies around who are able to deliver real products to cover real mobility needs – today.

    • 14. Januar 2016 um 8:44 AM
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      Hi Aero, defined by whom exactly?

  • 14. Januar 2016 um 11:01 PM
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    Did you see the 18th slide? “disruption as weapon” No silly or toxical interpretation – a clear definition. Logically explained in the context and gives a clear picture about what NEVS want to stand for. Don’t understand me wrong: Disruption from the technology point of view is a good way and necessary from the environmental point of view.

    But – current SAAB drivers which are looking for an answer for their current mobility needs are not in the target segment – neither for the time NEVS exists nor for the next couple of years. If you have the time and patience to wait for what happens – wonderful – do it.

    Cheers

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