Believe it or not, SAAB just isn’t quite dead yet, after several declarations of bankruptcy and restructurings.
They’re currently owned by National Electric Vehicle Sweden and since their acquisition, NEVS has been trying to save SAAB by paying off its debt and fixing the company’s potential future.
According to AutomotiveNews Europe, NEVS is currently in talks for a new EV factory in southeast China, where SAAB will be manufacturing their new models. The plant is being designed to offer a capacity of up to 200,000 cars per year. It will cost around 1.2 billion yuan, or $193 million to build.
– By: Chris Chin
Source: AutomotiveNews Europe