Electric Saab Emily GT May Get Second Life Under New Investors
Saab hasn’t been a thing in several years, but the funky Swedish cars still have a significant enthusiast following. After the company went defunct in 2016, its assets were eventually picked up by a company called New Electric Vehicle Sweden (NEVS). A Chinese company purchased the new entity and faced bankruptcy before a group of investors stepped in to save it, which could revive plans for a new 600-mile EV.
NEVS’ owner, Evergrande Group, was heading for financial ruin, leading NEVS to announce that it would enter a sort of hibernation mode and cut 95 percent of its jobs. Before it did, the group showed off its new car, the Emily GT, which has an impressive 175-kWh battery. The strange move was meant to attract investment dollars to keep the project going, and it appears the team was successful.
The mysterious newly formed company plans to start car production, though it might use the Saab name for legal reasons. Despite that, it’s almost immediately recognizable as a Saab, wearing the brand’s quirky shape.
Though this is an interesting development and good news for Saab fans, it’s not the first EV to wear the company name. NEVS produced several electric Saab 9-3 sedans a few years back but didn’t take it to serial production.
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