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Newswire

Saab reborn as EV maker

National Electric Vehicle Sweden AB (NEVS), a consortium of Swedish and Chinese stakeholders, has finalized its acquisition of Saab, including the rights for the Saab 9-3, the Phoenix platform, and the manufacturing plant, test and laboratory facilities in Trollhättan, Sweden. The new company will be solely dedicated to development and manufacturing of EVs. NEVS majority… Read more »

India approves incentives for EVs and hybrids, sets ambitious target

India’s government has approved a 230 billion rupee ($4.13 billion) plan to encourage the production of electric and hybrid vehicles, with a target of six million vehicles on the road by 2020, Reuters reported this week. Four to five million of those are expected to be two-wheelers. Even so, it sounds like an ambitious goal,… Read more »