Saab fans who are forced to drive Tesla every day, but always pull their old Saab out of the garage at the weekend, pay attention! The former NEVS project, the Emily GT, has been bought by the Canadian company EV Electra. The hope is that the Emily GT will roll off the production line in Saab's home town of Trollhättan from July 2024.
Last summer we already reported about the sensational Emily GT. A large electric sedan, developed by former Saab engineers in Saab's home town of Trollhättan, Sweden.
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Besides the external similarity with the last generation Saab 9-5, the car stands out because of its four wheel motors, large battery pack (up to 175 kWh) and impressive range (up to more than 1000 km). The car was still being developed by the new owner of the old Saab estate, NEVS.
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That company was in turn part of a large Chinese real estate group, which had found itself in financial difficulties due to the real estate crisis in China. For that reason, there was no more money to further develop the Emily GT, let alone put the car into production.
To prevent their baby from being thrown out with the bathwater, the Swedish management of NEVS went public and showed the Emily GT to the international press, who were impressed. 80 percent of the factory site was promptly purchased by Stenhaga Invest, led by Swedish real estate billionaire Svante Andersson. But just a factory site with a few production halls is not enough.
To actually get the Emily GT ready for production and start building it, a development budget was also needed. This now seems to have been found with EV Electra from Canada, which is purchasing the Emily GT project. The Canadians also acquire the rights to the Pons, a self-driving taxi that is also being developed at NEVS in Trollhättan.
According to the director of EV Electra, Jihad Mohammed, there is enough initial capital available and more money is on the way. To speed up its activities, the company will recruit new staff in the coming months. To start with, about 40 to 50 people, and from January towards the summer months, about 100 more people will be added. According to Mohammed, EV Electra wants to return to the 'glory days' of Trollhättan with its investments.
That sounds positive, but according to former Saab insiders, the production lines were already hopelessly outdated around the time of the Saab bankruptcy in 2011. This would mean that in 2024, many hundreds of millions of euros would have to be pumped into the factory to bring it up to date again. And the car itself is not yet fully ready for production.
In an interview with the Swedish newspaper Dagens Nyheter, Mohammed dismissed this: "A lot of money is indeed needed, but not hundreds of millions."
This post was last modified on December 2, 2023 12:03 pm
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