Press Release: Pang Da Advances EUR 15 Million Order For Saab Vehicles By 17 Days

Trollhättan, Sweden – Spyker Cars N.V. (Spyker) and Saab Automobile AB (Saab Automobile) today announced that Pang Da Automobile (Pang Da) has placed an additional order for 630 Saab vehicles. The order is valued at EUR 15 million and follows the successful visit to Saab Automobile’s facilities in Trollhättan last week by a number of senior Pang Da representatives, headed by Chairman and CEO Mr. Pang Qinghua.

The order comes on top of the 1,300 cars that Pang Da ordered for EUR 30 million and both orders are part of the broader tentative agreement between Spyker and Pang Da which was signed on May 16. As with the EUR 30 million order, Pang Da will pay the additional order up front and Saab Automobile expects to receive the funds this week. Delivery of the vehicles will start in the fall of this year.

Victor Muller, CEO of Spyker and Saab Automobile, said: “I am delighted that Pang Da, as previously planned, has ordered an additional 630 Saab vehicles. This not only shows the potential for the Saab brand in the Chinese market, but also that in Pang Da, we have found the right partner. I look forward to the next step in our business relationship when we set up joint ventures for distribution and, at a later stage, production in China together with a still-to-be-named manufacturing partner.”

Mr. Pang Qinghua, CEO and Chairman of Pang Da, added: “Our visit to Trollhättan last week has further strengthened our belief that we made the right decision in entering a partnership with Spyker and Saab Automobile. This additional order is the result of my firm conviction that Saab has the right product program for the Chinese market and our large distribution network will be an important asset in unlocking the potential of the brand.”

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9 Comments

    1. exactly. pang da has of course also been able to look into saabs crystal ball and must have liked what they saw. extremely positive news.

  1. Very encouraging, especially since Pang Da knows the Chinese market so well. Should be a great partnership. Thank you Pang Da.

  2. Very, very good news for Saab and the Saab employees.
    Is this implying that a factory tour can be done this summer?

  3. almost 2000 cars in one go, fantastic … let’s hope that before the end of the year they can order some more…

  4. Fantastic!
    I have said it before and will say it again – I am sure, like Mr. Pang, that Saab will be doing good on the chinese market which is so huge there is space for a well defined niche brand like Saab, combined with Pang Da’s distribution and sales capabilities.
    This can be the start of something great!

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