A Reuters report said Nevs, the China-focused consortium that bought bankrupt Swedish carmaker Saab, has signed a framework deal worth approximately $996 million with China Volant Industry Co. (Volinco) for 20,000 electric cars. The new electric vehicle would be based on Saab’s 9-3 sedan model and would be delivered after 2017.

National Electric Vehicle Sweden (Nevs) spokesman Mikael Ostlund said a firm order for its electric car based on Saab's 9-3 sedan model would be signed later and that Nevs planned to deliver the cars in 2017-2020. Reuters said Nevs bought the assets of 70-year-old Saab in 2012 to reposition it as a leading manufacturer of EVs.