NEVS to deliver 150,000 EV’s to Panda New Energy Ltd. (Update)

Nevs has signed a Strategic Collaboration Agreement with Panda New Energy Ltd., about 150,000 9-3 Sedan EV

National Electric Vehicle Sweden (Nevs) and the Chinese company Panda New Energy Co., Ltd. have signed a strategic collaboration agreement. According to the agreement, Nevs will provide Panda with 150,000 9-3 sedan electric vehicles until the end of 2020. In addition, the agreement also includes 100 000 other EV products and services from companies associated to Nevs and its owners. The total value of the agreement is 78 billion RMB.

Panda New Energy is a new energy vehicle leasing company with focus on low emission mobility solutions. Cooperating with many chauffeured car service platforms in China, Panda aims to become one of the biggest EV leasing companies in the world.

“This is a strategic collaboration for Nevs not only in terms of the numbers of vehicles, but it is also an important step to implement our vision and new business plan. In the long term, we want to provide our customers with both sustainable products and mobility services,” said Stefan Tilk, Vice Chairman Nevs.

”We are very pleased to form a cooperation with Nevs, a company with a rich innovation heritage and the right ability to fulfil our demands. Being in an emerging market for new energy vehicles, we are happy to find a partner who shares our commitment to the environment,” said Ma Chao, Chairman Panda New Energy.

National Electric Vehicle Sweden AB’s (Nevs) vision is to shape mobility for a more sustainable future, and focuses on the development of electric vehicles and sustainable mobility services. Nevs acquired the main assets of the former Saab Automobile in 2012. Nevs is Co-owned by National Modern Energy Holdings, Tianjin Binhai Hi-tech industrial Development Area (THT), and the Beijing State Research Information Technology Co., Ltd. (SRIT).

78 billion RMB is about 11 billion Euros or 12 billion Dollar, or a bit more than 2 billion per Year for the next 5 years, which really is a big amount of money.

The target for those cars , chauffeured car service platforms, makes much sense as the average distances they do per service are well within the range of a current EV.

Update (2015-12-17 ; 15:00)

According to an interview from the local Newspaper to Matthias Bergman, those 150k cars are meant to be all “corporate Sedans”, the one based on the last 9-3. The bodies will be build and painted in Sweden, and then sent to China for final assembly.

It makes sense as nobody would expect this car to have a huge public acceptance. And with this contract, they can build cars, which means revenue, and trained workers while developing the other four cars on their list.

54 thoughts on “NEVS to deliver 150,000 EV’s to Panda New Energy Ltd. (Update)”

    • It sounds foolish to me to agree to spend billions on unbranded/no-make cars, so perhaps Panda already know something about what they will be called. At least I would like to know if I was to place such an order.

    • They always have another four letter abbreviation i handy. Perhaps not the sexiest but I think Saab also wasnt so obvious as a car brand name when it was released.
      What Im suggesting they have as a bail out is the letters NEVS.

  1. 30,000 delivered per year. Well, if it actually happens, it’s better than zero I guess. They’ve signed agreements before that have been fruitless. Let’s see how this one goes. As Mr. Chao, CEO of Panda New Energy put it, “NEVS (has) a rich innovation heritage.” And who am I to disagree with that? NEVS has been innovative from day one. It’s reassuring that Stefan Tilk, the Vice Chairman at NEVS, wants to provide customers with “sustainable products and mobility services.” Both are very important in my estimation. Sustaining a product and having mobility is a good thing. Great things are happening. Now the other paragraph puts it a little differently—-that NEVS is focusing on developing electric vehicles and “sustainable mobility services.” This indicates that the products are not sustainable, but the mobility services are. And that’s good too. Either way, NEVS is winning here.

    • Angelo, do I detect a hint of sarcasm here? or have you gone full monty supporting NEVS?

      Anyway, the more I read about NEVS announcements, even if taken a face value, and even if they are successful beyond all imagination, leads me to believe that we will never see a car on our shores (whether named “SAAB” or not) that remotely fills our wishes and desires for a SAAB reminiscent of what we love about SAAB.

      • No Hugh, they’ve made a believer of me. These guys just needed a little time to work the bugs out—-get the kinks out if you will. Now that they have three and a half years of experience under their belt, they’ve figured it out. A light went blink-blink in their head and they have it figured out now. If they don’t get use of the Saab name from Saab AB, I believe they should see about adopting the Desoto name. A new Desoto Motorcars might play well in China as they seem to love all things retro American in China. The new Desoto Electrics can set the standard for comfort and reliability in a sleek package. And if they decide to expand to North America, it will be a familiar name to those of us still living in 2035.

        • to angelo v angelo i m0nique i am brand new on su i made some posts to red j and the site exploded i hope not because of my posts i followed su since victor M your posts record is amazing can you explain why you are so influenced by saab sweden and still drive a saab 95 og? why you care about nevs they just steel a heritage for nothing why you drive a small
          petrol engine while most us goes for the real thing v6 v8 v12 or harley s from millwaukee your posts are like instant coffee is that where you get the energy from ? where you live in the us ? do you have a marketing background ? see you on su and have a nice santa clause

          • I live near Washington, DC and do have a marketing background. I drive a Saab 9-5, BMW 325i, KIA Sedona, 1979 Chevrolet Monza 2+2 and a Toyota Prius—-five cars and I’m the only driver in the household. Why do I love my Saab? Because it’s safe for my child to ride in the back seat. It has sentimental value because it was the last new car we bought before my wife died. And I have love and admiration for Sweden and Swedish people even though no one in my family has any roots at all to Sweden—-no Swedish blood and I’ve never even traveled there. But the Swedish people I have met here in the U.S. are wonderful, kind and extremely intelligent people. The products I have purchased that were made in Sweden have been beautifully designed and well engineered. That’s why I loved Saab and that’s why I’ve been so angry over what happened to them.

      • nice said hugh if trollhattan in the interim just like to make painted bodies ok light in the plant saab did before supplying just bodies along side full completed cars land rover did in india the uk delivered ckd units if victor had launched the 95 ng combi together with the sedan maybe we were still there .but according japanese wording its the duty of a company to make a profit saab never did after 8 saabs i drive landrover now 4wd haldex like saab but with a intelligent ptu added by lr to see a real saab coming from assy line picked up by a girl on a fork lift is for me history some sarcasm yes the chinese people in my supermarkt are no longer accepted be cause of there misbehavior

        • Hate to sound old and grumpy, but can you please use punctuation, capital letters, and grammar? I can’t make out what you’re saying.

  2. Unlike other posters here, I’m not hoping that these electric vehicles will be badged as Saabs. However, given the amount of money that equals, perhaps there is finally the money for a new platform that could be branded a Saab, and without shame? As long as the designs are inherently Swedish, and not inherently Chinese.

      • Aye, but you can always go back and enlist the design services of Saab designers from the past, or use some new and exciting Swedish designers. As long as the designers aren’t Chinese (nothing against the Chinese, but I want Swedish quirkiness in a Saab – something missing for decades now – not a Chinese take on the brand).

  3. Those figures work out at nearly €75,000 per car.

    That’s 50% more than a Tesla for a car that’s nearly 20 years old. Doesn’t make sense. Have I dropped a nought or something in the calcs?

    • The deal is for 150 000 cars and 100 000 EV products and services. We don’t know what these products and services are, so we can’t say what costs what.

  4. The consumer in China will lease an all electric 9-3 from Panda, that includes electricity from National Electric. NEVS will provide a chinese assembled car, with european DNA loaded with China made batteries from National Electric. The car will include some smart mobility service that will assist in the leasing charge. The consumer will be those in goverment run businesses and authorities, where public contracts will be made on a massive scale.
    Nevs is a 100% chinese owned company, it offers chinese made product, that has its orgins in north european premium cluster of Saab & Volvo.

  5. Why would any company enter into a multi-billion dollar purchase agreement with a “manufacturer” that has no track record? Call me skeptical, but something just doesn’t sound quite right about this. At this point, I don’t know what to think or believe anymore.

      • Exactly. I think we can all take a shot in the dark and conclude a majority of Panda is owned by the Chinese government. Just like a majority of the company who owns the people supposedly working with NEVS to make the electric components is owned by the Chinese government, and just like, how now, NEVS is mostly owned by the Chinese government.

        You know… it makes me wonder. They keep saying that they’re going to “sell” someone (in this case) 11 billion dollars worth of product… but can you really call it “selling” when it’s just the Chinese government buying product from the Chinese government? It’s like taking a $20 out of your pocket, saying you “bought” a table fan you already owned, then putting the $20 in your other pocket.

  6. To be both swedish & chinese is a smart balancing act that makes for a complex business plan that is both a short & longterm strategy to build a global business. The priority is not the cars, its to build a company that creates synergies for its diverse owners and investors.
    By keeping up a small production in Trollhattan, Nevs can demonstrate that its know-how connects down to 50 years of Saab DNA. Maybe for the next 10 years China will be the priority, but to grow outside China in the rest of the world the Scandinavian roots is the key to global success. The Chinese know this and will have the HQ in sweden, swedish boardmembers, swedish CEO, and a small but vital production i sweden, but the real company will be in China, owned by Chinese Banks. I wish I knew chinese proverbs for this game of smoke and mirrors.

      • Likewise, I don’t really want these electric only cars being badged Saab either and understand Saab AB’s position. But if the money’s real, NEVS should have the budget to build something new, which under a Saab brand name could have an ICE without compromising the NEVS brand.

        If they do that, I’d save a whole lot of money by basing a new 900 on Skoda Octavia, with significant re-styling and the larger 1.8 or 2.0 engine.

  7. In another news artical at, interviews with Nevs and THT:
    “-We work very closely with the development of the new batteries that will mean faster loading times of a few minutes. The car will also be able to run six hundred to perhaps a thousand kilometers on a single charge, says José Vidal who is battery technology manager at Nevs.
    However, it takes three to five years before the new technology will be available in electric cars, and then the great battle for the automotive customers in China begin. And the authorities there are doing everything to ensure that the electric car will be a sales success.
    – The Government and all local authorities, including Tianjin will provide large subsidies to everyone in China who want to buy Nevs electric vehicles, said Wang Wei, vice chairman of THT. So by using these subsidies, we hope that Nevs can be a big seller.”

    • The thing I don’t get… is China owns most of NEVS, most of the company making the battery technology, most likely a large majority of “Panda”, then they’re going to basically “buy” 150,000 electric NEVS 9-3s from themselves, then sell them at huge discount to the Chinese people. What’s the point? In a way I guess it’s communism at it’s finest, government providing you with a free (or very very cheap) car, but I don’t see how this will benefit the Chinese government if they’re not selling to the rest of the world.

      • Well, initially what they need is a plausible base on which to build these vehicles. Saab had a worldwide reputation for innovation and to own the company implies that they will most likely start with a solid and comfortable vehicle, which may actually be a delight to drive. Also, with Volvo and Saab both now in Chinese hands they have conduits to Western markets and, most importantly, to Western technology. If they build just a few of these new vehicles for the Swedish market then they will be able to maintain this situation. There will be no need to compete on the international market for the time being, but when they do choose to do that then with low Chinese production costs and a secure and stable home market to allow mass production it should be a doddle. As well as subsidies, they will also be able to shift demand in the direction of EVs by techniques such as permitting ICE-powered cars to drive into smog-affected areas only on certain days of the week. Properly managed this is going to work, but the old Saab has gone unless they decide that it is worth maintaining a nod to history for longer-term marketing purposes.

  8. Its called tax, you take money from ordinary people and companies, give it to Nevs to develop and produce a car, the car is then sold to a goverment owned company, that leases the car back to the taxed companies and people. By subsidising some of the lease, they can avoid competition, and the taxmoney has been converted into a product that can be used to not only Clean up chinese cities suffering from pollution, but also develop tech know-how to compete on the world market. The taxmoney has now created both jobs = more taxpayers and Clean enviroment = healty taxpayers. Together this creates stability = political power can be unchallanged.

  9. So the dust settles and NEVS strategy is beginning to unfold. Except the Swedish, nobody will ever be able to buy the old 9-3 NG ever again. This car will be reserved to Chinese authorities and some adventourous Swedish.
    The relaunch of the brand new oldtimer 9-3 series is meant to generate cash and nothing else. In 2018 new models will follow and the should be available around the rest of Europe and maybe later North America. A short calculation: what, if all these 150,000 vehicles placed on order are to substitute the texyi fleet of Tianjin city. Wiki tells that currently 13 million people live within Tianjin’s city boundaries. Assuming that around one taxi serves around 500 people this would mean that NEVS could sell roughly 25.000 vehicles to the Tianjin taxi company. Maybe some more will be added to other public authorities, rising the number to about 30.000 vehicles. Maybe they have an agreement with other neighbouring provinces like Hebei to manufacture some more taxis – who knows. In every case 150.000 cars sounds very tight.

    F.W. aka GMVMNEVSififif

    • This was the plan three years ago too, remember? Build some 9-3s for cash infusion, because their big investor in China wanted them to. Well, they did it. Now they’ll do it again, with electric. It’s the “electric slide.”

  10. If only the Swedish government could have done something similar in Victor Mullers days. But, like our British government, they would rather see home grown and prestige companies go to the wall. If it weren’t for the Chinese they’re would be no Swedish car industry.

  11. impressive statement angelo same as me the complete saab feeling although its just material i wished i was back in the high live again as before with a new saab keep going angelo.

    • Thank you Monique. When I think about Saab and Volvo—-it saddens me to see that the one I always preferred, Saab, went down a “road of the damned” while Volvo followed the Yellow Brick Road. Volvo is now introducing beautiful new products and gaining market share in the U.S., while Saab is no longer Saab—-it’s NEVS and there’s a shell game going on with a company calling themselves New Panda (sounds like a Chinese take-out joint in Scranton). One company is launching new products with their competent Chinese owner overseeing a rebirth, while the other company is mired in quicksand with their incompetent Chinese owner. Sad is an understatement—-angry is more like it.

        • Joe: NEVS has bigger aspirations. Their first three stores will be in New York, Miami and Los Angeles with Chicago not far behind. If Jiang is feeling really charitable, he might even invite Elon Musk to allow Tesla to share showroom space with New Panda. More than likely, Musk will decline, as he won’t want his products to be dwarfed by the technology, style and superiority of NEVS.

            • Tesla’s already in there! I walk past the Tesla store often but haven’t gone in. I’ll definitely go in the NEVS Store if they have a 9-3 EV in there.

            • Joe: I wonder if we’d get in trouble for trade infringement if we went into business with a car company called “Old Panda” and did an Elio type three wheeled vehicle, but an EV? We could market it as a hip, swinging, Latin flavored vehicle—-in “Muchacha Pink” and “Macho Black” as well as “San Mateo Red” (an old Cadillac color) and Navidad Green, among others. The first model would be the “Nueve-Uno” to be followed by the Nueve-Dos, Nueve-Tres, etc. Oh, and then I want to talk to you about a movie project I’m working on, “A Man Called Muller.”

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