China and Sweden to cooperate in the development and production of electric vehicles

Almaty. December 31. Silkroadnews - China and Sweden to cooperate in the development and production of electric vehicles, the newspaper "People's Daily".
"China Industrial Company China Volant Industry Corp. invested by Sweden - National New Energy Vehicle Co., Ltd signed a framework agreement on strategic cooperation, which provides for cooperation in the development of the entire production chain, in particular in the development, study and production of essential spare parts for electric vehicles and the implementation of complete vehicles, "- says the publication.
China Volant Industry Corp., the controlling stake of which is the Chinese Association for space science and industry, integrating the possibilities of this association in the field of new energy sources and production of vehicles, can stimulate the development of the production of electric vehicles. Is located in Tianjin National New Energy Vehicle Co., Ltd, in turn, owns the key technologies for the production of world-famous Swedish car SAAB.
The agreement stipulates that China Volant Industry Corp. Tianjin will provide its partner components for electric motors and electric drive systems, as well as create a sales network, which will bring together Beijing, Shanghai, Wuhan and six other cities, for the implementation of electric vehicles in the battery power supply company National New Energy Vehicle Co., Ltd.
China Volant Industry Corp. also will buy 20 thousand battery-electric vehicles, the first procurement contract will be worth 6.6 billion yuan ($ 1.02 billion).