According to Swedish radio (link here) it looks like Jiang Dalong, also known as Kai Johan Jiang is behind the company New Panda Energy (NPE) in China that placed the order for a great number of cars from NEVS a few days ago.
Tim got in touch with Mattias Bergman regarding the deal and for Trollhättan it means producing and painting the body structure of the car and shipping it to China for final assembly on location. This means that NEVS will need to employ a great deal of people for the Trollhättan plant.
I’ve talked to Tim and the others at SU about this and it is a good first step. People might ask themselves who is actually paying for the cars in China, in the end it doesn’t matter as long as the money actually show up. And it really doesn’t matter if it is Kai Johan Jiang who owns New Panda Energy because that company will just be a step on the way for the cars until they reach their final user or owner. If the cars are leased out by New Panda Energy to various other actors this could turn out to be a highly profitable deal for NPE.
Chinas push towards electric mobility is high right now, especially since several Chinese cities have made headlines about poor air quality, Beijing issued its second red warning yesterday and if one pays a bit of attention to the rest of the Chinese cities, you’ll find out that Beijing is far from the worst. So bringing a great deal of electric cars into the Chinese market in times like this could turn out to be a profitable deal since the situation regarding change in mobility in Chinese cities has a higher priority now than 3 years ago.
This type of funding for NEVS operations has a lot in common with the Pang Da deal that VM struck in summer 2011, had the deal worked back then it would have been great for SAAB, if this deal works now it will be great for NEVS which will be able to continue working on its business plan for the future.