Pang Da, Saab's Chinese savior, said today that is has placed an order for an extra 630 Saab cars, to be shipped to China. The value of the order is of about EUR15 million, or half of the initial Pang Da involvement with Saab.
“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,” Victor Muller, Saab CEO said.
“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.”
It's not clear yet what Pang Da intends to do with all those cars. The company is one of the biggest auto sellers in China, with some 1,100 dealerships spread throughout the country, but this week’s order comes two weeks after the initial one, which involved 1,300 Saab vehicles.
With the production in Sweden on halt until last Friday, and with a backlog of orders of some 5,200 vehicles for clients other than Pang Da, it is unlikely the Chinese will see their car anytime soon. Why then, the new order? Pang Da's boss, Pang Qinghua, says that the new order came as a “result of my firm conviction that Saab has the right product program for the Chinese market.”
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