PHOTO CAPTION: Kai Johan Jiang is leading rescue of Saab Automotive with aim to build electric models. Photo

Chinese Biomass Tycoon Leads Saab Rescue

Kai Johan Jiang is alternative energy tycoon who studied in Sweden and once worked for Volvo Trucks.

Published: 15-Jun-2012

SHANGHAI (AP) — The Asian consortium planning to rescue Swedish automaker Saab Automobile from insolvency is led by a mainland Chinese alternative energy tycoon whose company has close ties with China's State Grid electricity utility.

Being linked to the acquisition of Saab's car making assets could help bring the huge, state-owned utility a step closer toward its long-sought goal of breaking into the electric vehicle market.

"It's logical if they want to move into that market," said Yale Zhang, managing director of the independent consultancy AutoForesight in Shanghai.


Saab engineers developed Saab 9 ePower electric prototype prior to company bankruptcy.

National Electric Vehicle Sweden will be headed by former Volvo Trucks president Karl-Erling Trogen.

Saab 9-3 will be used as platform for future electric car using e-drive system from Japan.

Japanese-Chinese consortium registered in Sweden as National Electric Vehicle Sweden AB will build electric 9-3 model for initial sales in China.

Saab Phoenix concept car.

The new Saab electric car will be aimed at the Chinese market.


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