NEVS to build new Saab models in China’s Qingdao [cardvd-player.net]

National Electric Vehicle Sweden officially signed an agreement with the investment firm of Qingdao Qingbo which will see EV NEV construction in Qingdao, China. The measure is the first step on the road to finally sell cars in China. Reuters reports that the Chinese company has agreed to invest $ 307,330,000, after Qingdao Qingbo receive 22 percent of EVN shares. Currently, there is no word on when exactly the funds and shares to change hands, but the Swedish automaker has already said he fully intends to launch its first EV by the beginning of 2014.
NEV also made waves from about potentially build a version of the old Saab 9-3 with a conventional transmission system internal combustion. Currently, the manufacturer says it plans to launch vehicles built in Sweden by the Qingdao port and distribute the rest of China from there. Later down the line, a factory in Qingdao will provide the country with Chinese models built Saab.

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