The next Saab car we will see on the road will bear the brand name only. Reuters reports that National Electric Vehicle Sweden AB (NEVS) have completed the purchase and have agreed with truck maker Scania and Saab (defense and aerospace group) that the griffin logo will not be used in future car models.

The deal, which includes the main production plant, moves NEVS one step forward in producing electric vehicles based on Saab cars. NEVS is targeting the Chinese market with its electric vehicles as the Chinese authorities are investing heavily in electric vehicles.

The report quotes Karl-Erling Trogen, NEVS chairman, in saying, “In approximately 18 months, we plan to introduce our first electric vehicle based on Saab 9-3 technologies and a new technology electric powertrain.”

Chinese-Swedish businessman Kai Johan Jiang, founder and principal owner of National Modern Energy Holdings Ltd., which wholly owns NEVS, said that the development of the car have started in China and Japan. He added that the completion of the deal would enable the company to continue development work at Trollhattan, where the Saab plant is located.