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Saab (NEVS) inks a $1 billion deal to supply 20,000 electric cars to Volinco in China


National Electric Vehicle Sweden (Nevs), the firm that bought Saab’s assets out of bankruptcy in 2012, is singing some ridiculously big deals to supply electric vehicles to China lately. Last month, we reported on the company closing a massive 78-billion-yuan ($12 billion) deal to supply 150,000 electric cars to Chinese leasing firm Panda New Energy and now we learn from Reuters (via Autoblog) that Nevs signed a framework deal worth about 8.5 billion crowns ($1 billion) with China Volant Industry Co. (Volinco) for 20,000 electric cars. Expand