Saab signs electric vehicle deal with leading Chinese car maker

by Search Gate staff. Published Mon 17 Aug 2015 15:06
Saab develops its green reinvention
Saab develops its green reinvention

The company that bought bankrupt car maker Saab has signed an agreement with one of China’s leading car makers to jointly develop green cars.

National Electric Vehicle Sweden AB (Nevs) and Dongfeng Motor Corporation signed a strategic cooperation agreement today to work together on developing the future of clean, green transport.

Since July 2015, Nevs has started working with Dongfeng on complete vehicle development projects to enhance Dongfeng’s technical strength and improve Nevs’ own development capability. Now both companies say they have agreed to expand their cooperation from technical development to further business areas such as global purchasing and distribution network.

Dongfeng has formed several strategic long term partnerships with other international major car manufacturers including AB Volvo and as a 14 percent shareholder of PSA. Dongfeng Motor, with several JVs in China including Peugeot, Citroën, Renault, Nissan, Infinity, Honda and Kia, is one of the world's largest automobile companies, with an annual output over 3.83 million units in 2014 and 1.83 million in the first half of 2015.

According to the agreement, Dongfeng will support Nevs on the construction of new energy vehicles production and R&D; in Tianjin and the formation of Nevs’ sales and service with support from Dongfeng’s dealer network. Dongfeng will also support Nevs to achieve the new energy vehicle mass production.

Nevs will support Dongfeng on their own brands to meet regulations and technical specifications of overseas markets, and assist DFM to develop important markets in Europe and North America.

“Dongfeng is one of the leading vehicle company groups in the world. Through this cooperation, Nevs’ will be able to create industrial synergies, share the development costs, expand the supplier bases and increase the overall competitiveness for our own future products. This cooperation is one of the steps for Nevs to become a front-runner in the automotive industry, with focus on electric vehicles” said Mr. Mattias Bergman, President, Nevs.






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