Meet The Emily GT: A 600-Mile Range EV Built By Saab Engineers

When Saab declared bankruptcy in 2011, NEVS purchased its assets. One of its projects is the quad-motor Emily GT.

emily gt

13:03

Andrew Lambrecht

By: Andrew Lambrecht

Jul 3, 2023 at 11:22am ET

Add InsideEVs as a preferred source in Google

Comment

When Saab met its demise in the early 2010s, New Electric Vehicle Sweden (NEVS) purchased its assets. Under new ownership, the firm was working on an electric version of the Saab 9-3, creatively named the NEVS 9-3EV. It offered around 175 horsepower and 190 miles of range. The 9-3EV's initial deliveries commenced in late 2018, but the car never made it to the mass production stage.

Early the following year, China-based Evergrande Group purchased a majority stake in the NEVS. Evergrande Group also purchased $2 billion in Faraday Future back in 2018. In 2020, the corporation wanted to enhance its influence in the EV space, so it completely acquired NEVS.

At around the same time, Evergrande Group faced a series of financial woes and wanted to sell NEVS. To prevent bankruptcy, NEVS announced that it would enter "hibernation mode" and lay off its employees. This means the firm will lay off around 95 percent of its workers.