More good news for Saab enthusiasts big on alt-fuel transportation.

The China-based entity slated to be the majority owner of Saab is headed by a tycoon that runs companies in the biofuels industry, the Associated Press reports.

Kai Johan Jiang, who once worked for Volvo Trucks, heads a company called National Bio-Energy Group that builds power plants fueled by straw, corn stalks and other farm waste, the wire service said. That company partners with the China government-owned State Grid on biomass energy production. State Grid also installs electric-vehicle charging stations and other infrastructure necessary for EV use throughout China.

Jiang oversees the entity that owns 51 percent of National Electric Vehicle Sweden AB (NEVS), which recently reached an agreement to buy Saab out of bankruptcy for a price that wasn't disclosed. The buying group, which will be run by ex-Volvo Trucks chief Karl-Erling Trogen, will re-establish the longtime Swedish automaker as a purely electric-vehicle company, with plans to debut an EV version of the 9-3 by 2014.


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    • 1 Second Ago
  • 2 Comments
      alan
      • 4 Months Ago
      I think this has already been answered somewhere else, but will the 9-3 be the most recent one, or the one that Saab was working on? The leaked picture of that was awesome, the most Saab-like car in years.
      • 4 Months Ago
      The answer would be the old 9-3 not the one leaked by bankrupt old saab but may contain the new technology seen in the Phoenix hybrid concept with date mention for the car to released and focused for 2014 and the phoenix platform not finished