Old Pang Returns from Sweden
Pang Qing Hua
Apparently Pang Qing Hua was very satisfied with his investment in Saab – so much so that he was struggling to hide his excitement, when the Chinese automotive website Auto Sohu asked him what he thought about Saab his only reply was “Great, Great Great!”
Pang Qing Hua was in Sweden with his own self assembled team to tour the Saab factory, testing facility and also talked with the workers.
Pang Qing Hua went onto say “It could be said that Saab’s current situation is not that bad, the production facilities are world class, Saab did not lie to us”.
Saab’s current production capacity is 150 units per day, Pang Da Group have bought roughly 1300 cars in their first order and expected to buy more, the first batch of Saab vehicles are expected to land at Chinese ports towards the end of June, furthermore the Chinese government has already approved the 9-5 Aero, 9-5 Vector, and 9-5 Linear for sales within China, these models will also receive a 3000rmb government subsidy for being energy efficient vehicles.
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Hey guys, great website, but quick fact checking. Saab’s production capacity is about 100 higher than you’ve mentioned per day.
Keep up the good work covering Pang Da.
At full production with three shifts, the Saab factory is actually capable of producing around 500 cars per day.
Great news, so great to see Pang Da so excited about Saab.
Poor Chinese alway worship the Western, no matter what. It’s actually a good time for a good bargin, instead, Chinese jumped at each other’s throat for a dying company. So sad… what a scene!
I do not understand why they start producing this cars. In the USA they have a stagering inventory.
Be aware that Old Pang is not gambling his own money in Saab, it is the money of Pang Da share holders. Most poor shareholders do not understand how investing work. The failure of success of Pang Da is no measure for the success of Old Pang.
‘Lao’ is a commonly used term by Chinese people to address someone who is older than the speaker (writer) to show his courtesy, respect and closeness, e.g. ‘Lao Wang’, ‘Lao Pang’. The term does not necessarily mean old age, and definitely does not mean outmoded or obsolete as it often does in the West.
There were reports that Hawtai’s president did not find the production facilities to be world class. Is Pang really qualified to make the judgement?
Reports that Hawtai vehemently denied.
If you fully understand finance you realise that Lao Pang will never-ever come to an other conclusion. Even if he just had discovered that the factory does not exist he will talk up his shares with the same talk. So he can be right he can be wrong we never know.
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