The Nevs Emily GT, a 621-mile electric saloon developed by former Saab engineers in Sweden, could enter production within the next few years.
The project was rescued from a financially enforced 'hibernation' last December by Canadian start-up EV Electra, and its CEO has now claimed to have bought a factory in Italy.
CEO Jihad Mohammad posted on LinkedIn: "Yes, we did make an offer to buy an automotive factory in Italy and finally it was approved yesterday (not the Maserati factory), and in this new venue we will build electric cars that will make everyone shocked.
"We have more than [a] few models now, after multiple acquisitions that happened in [the] last two months, and one more is happening this week that will allow us to be on top of our game.
"I promised my team not to give more details, since our investors need to know before everyone else. Then an official press release will clear all the questions."
It is still uncertain whether these 'shocking' EV Electra production cars will be Emily GTs – of which EV Electra has previewed four variants (a saloon, shooting brake, coupé and cabriolet) – or its own models.
In a separate post today featuring a rendering of the Nostrum supercar (previously known as the Quds), Mohammad wrote: "Next week, we start choosing our dealers that we will work with everywhere so we can announce them in May, and they will start having show cars in June. Delivery to customers as promised will start in August 2024 for 2025 models."
It appears that Mohammad's previously stated desire to produce cars at Saab's old home in Trollhättan will not happen, having failed to agree a deal with the factory's new owner, Swedish investment company Stenhaga Invest.
At one point, the EV Electra CEO had even suggested that a new factory could be built alongside the old one.
He has also hinted on LinkedIn that EV Electra is investigating business of some kind in China.
The Nevs acquisition
Following the 2023 buyout, Nevs CEO Nina Selander hailed EV Electra’s acquisition of the Emily GT – as well as the Nevs Pons autonomous pod – as a “realisation of shared dreams” and a “profound moment”.
The two companies' joint statement added that EV Electra would soon begin assembling its first cars at a factory in Turkey.
EV Electra founder and CEO Jihad Mohammad said at the time: “We will have cars coming out of Trollhättan again.
"We did this acquisition fully aware that we will need to back it all the way through development to mass production.
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" in this new venue we will build electric cars that will make everyone shocked." Perhaps not the best endorsement.
"in this new venue we will build electric cars that will make everyone shocked." Maybe not the greatest endorsement.
Maybe putting a 15yo design into production in a few years sounds like an excellent idea.
It isn't 15 years old.
Thereabouts.