A report from SvD is currently making the rounds in Swedish media. New hope of Chinese money.
Last week we received the approval of the local branch of the NDRC in the city of Hangzhou. This is where Youngman’s headquarter is located.
-Next week on Wednesday we hope to get through it at the provincial level, Zhejiang Province.
Rachel Pang is confident a NDRC approval from the province is forthcoming and that it normally takes about a month for the central authority of NDRC (in Peking) to render the final verdict based on what the local and provincial branches of NDRC say.
SvD claims BAIC feels that they have a right to the next generation 9-3, which seems a bit odd since they are currently on the previous generation. There was some talk about BAIC possibly upgrading to the current 9-3 once the phoenix 9-3 is put into production, which could be a problem in case Youngman plans on doing the same. But this might be why we have heard murmurs of a 9-1 (and other models) as this would neatly sidestep any claims BAIC have to the existing model range.
I hope Monday’s appeal is a good one. With what little I know, I think it might be a good idea for Pang Da to provide some sales forecasts that gives the court some idea of how many cars they expect to sell in China. Feel free to chime in with other ideas for the appeal papers in the comments section.
Thank you Henrik and Håkan for the tip