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VOLINCO Enters the Booming New-energy Automobile Industry

According to the data of statistical agencies, a total of 57,851 plug-in electric vehicles (pure electric vehicles and plug-in hybrid electric vehicles) were sold in November 2015 on a global scale, creating a new sales record of a single month, a drastic increase of 115% over the same period last year. Experts predict that the market capacity will be further expanded.

 

On December 29, 2015, VOLINCO signed the Strategic Cooperation Framework Agreementand Electric Vehicle Distribution Agreement with National Electric Vehicle SwedenAB (hereinafter referred to as “NEVS”) at the Development Research Center of the State Council, marking its official entry into the hottest new-energy automobile field. In the future, VOLINCO will cooperate with NEVS on motors, electric control systems and other key parts as well as the construction and operation of infrastructures such as charging points so as to develop both domestic and international markets.

 

In June 2012, NEVS signed an acquisition agreement with Saab’s asset manager to acquire Saab Automobile AB, Saab Automobile Powertrain AB, Saab Automobile Tools AB, Saab Automobile Property, Saab Automobile Development Center,Saab 9-3 and Phoenix Platform Intellectual Property, completely mastering the world’s leading development and manufacturing technologies of new-energy and traditional automobiles.

 

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