Saab engineers develop secret NEVS Emily GT electric car project as IP rights go up for sale
Although Saab doesn’t make cars anymore, the company’s spirit is still alive and well. After going defunct in 2011, Saab’s automotive assets were sold to National Electric Vehicle Sweden. Under financial hardship, the company is now closing product development activities – however, not before a new secret electric sports car project called NEVS Emily GT was revealed.
How Saab became NEVS
The Saab story and how we got to the secret NEVS Emily GT project is just as interesting as the electric car itself.
For those who don’t know, Saab, a Swedish airplane manufacturer, began producing vehicles in 1949 and expanded to the US in 1956. The company found early success in the States, with sales peaking at over 47,000 in 1986.
However, after General Motors acquired Saab in 2000 after experiencing falling sales, the relationship didn’t last long. The 2008-2009 global financial crisis was the final nail in the coffin as GM attempted a last-minute sale to Koenigsegg, which ultimately fell through.
In 2010, Dutch automaker Spyker bought Saab, but it was too little, too late. Saab Automobile finally declared itself bankrupt in December 2011 after several months of struggling to stay afloat.
The following year, National Electric Vehicle Sweden (NEVS) – a Swedish car maker with its own struggles that eventually came under the ownership of Chinese real estate giant Evergrande Group (yes, that Evergrande) in 2019 – bought Saab’s assets.
Evergrande, becoming the largest dollar-debt borrower among Chinese real estate companies, infamously sparked China’s worst property crisis after missing several repayments. The fallout has caused NEVS to close product development activities in April 2023. But not before a secret project was developed.
Saab engineers develop a secret electric car, NEVS Emily GT
Peter Daul, former Senior Saab Engineer and current NEVS program director, headed the secret electric car project.
Daul revealed the car on his LinkedIn, saying, “Finally we can reveal one of all the secret projects that NEVS has been working on.” In the post, he shared an article from Swedish Auto Motor & Sport, in which the publication claimed to be the first to publicly test drive the new electric car.
According to Carup, the NEVS Emily GT is powered by four 120-hp electric motors, one on each wheel, for 480 hp total. Meanwhile, an updated version is in the works with a total of 653 hp and 2,200 nm (1,622 lb-ft) of torque, enabling 0 to 60 mph (0 to 100 km/h) in 3.2 seconds.
In addition, a 175 kWh battery will allow the electric car can travel over 1,000 km (621 mi) on a full charge. However, the early prototypes are equipped with a 52 kWh battery taken from the Saab 9-3.
When the prototypes were first introduced, Evergrande and NEVS had the money to launch it, but the pandemic-induced crisis in 2020 derailed the mission.
Daul says it’s the most rewarding project he’s had the privilege of running, with a team of about 350 engineers and technicians developing it in the span of roughly ten months.
According to Daul, the IP rights for the NEVS Emily GT (not so) secret project are up for sale by the company.
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With 615 horsepower, the Cadillac Lyriq-V is the quickest Caddie to date. Cadillac’s first V-Series EV will outsprint a CT5-V Blackwing, and it can be yours for under $80,000.
The 2026 Lyriq-V EV is the fastest Cadillac ever
We knew it was coming soon. Cadillac teased the Lyriq-V for the first time in late October, giving a sneak peek at its first electric V-Series vehicle.
Cadillac’s performance brand is known for iconic sports cars like the CT5-V Blackwing, but the new EV pushes the “V-Series sub-brand to new heights,” boasted John Roth, vice president of Global Cadillac.
As the first EV to wear the V-Series badge, Cadillac promised the Lyriq-V would be powerful, but we didn’t know it would be this fast.
Cadillac officially introduced the 2026 Lyriq-V on Thursday, revealing additional specs, prices, and more. With an estimated 615 hp and 650 lb-ft of torque and a standard dual motor AWD powertrain, the EV is expected to accelerate from 0 to 60 mph in just 3.3 seconds, making it the quickest Cadillac to date.
At that speed, it would outrun the Cadillac CT5-V Blackwing with a 0 to 60 mph sprint time in 3.4 seconds. Although the CT-5 packs slightly more horsepower (668 hp), the Lyriq-V’s EV powertrain unlocks more powerful, instant acceleration.
The added power is enabled by an added Velocity Max feature, which “unleashes the vehicle’s full performance capability” with a surge of power and acceleration.
Interior and exterior design, prices, and features
The V-Series model differs from the traditional Lyriq with a lower center of gravity and custom front and rear bumpers. It also features V-Series badging on the rear doors and tailgate, V-pattern mesh on the lower grille, and 22″ wheels with the logo etched into the side.
Inside, the performance EV borrows features from the Lyriq, such as a panoramic fixed glass roof, a 23-speaker AKG sound system, and a massive 33″ LED display screen.
Cadillac distinguishes the V-Series from the traditional Lyriq by adding the V-Series logo, a V-mode button, and a sports rim with hand grips. Other unique features include a custom infotainment experience with a “V-Series persona,” a signature V-Series illuminated sill plate and V-pattern detailing on the seatbacks.
A 102 kWh battery pack is expected to provide a range of up to 285 miles. The 2026 Cadillac Lyriq-V starts at $79,990, including the destination fee.
In comparison, the Tesla Model Y Performance starts at $51,490 and has an EPA-estimated range of up to 277 miles. It also includes AWD and can accelerate from 0 to 60 mph in 3.5 seconds.
Cadillac’s new performance EV will be sold in the US, Canada, Australia, and New Zealand. Other markets will be announced closer to launch. GM will begin producing the new Lyriq-V at its Spring Hill, TN, manufacturing plant in early 2025.
What do you think of the Cadillac’s new performance EV? Would you buy one for $80,000? Or are you sticking with the Model Y Performance? Drop us a comment below to let us know.
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Tesla has announced some important price hikes across its entire lineup in Canada amid incentives going away and a struggling Canadian dollar.
The Canadian EV market is already having problems amid announcements that the federal incentive program will be eliminated. The same thing is happening to Quebec’s own program, which was the most generous in the country—making the province the leader in EV adoption in Canada.
Now, Tesla, which sells more EVs than anyone in Canada, announced that it is increasing prices on all its lineup.
Here are the price increases for each Tesla model:
- Model 3:
- Long Range RWD: $4,000
- Long Range AWD: $8,000
- Performance: $9,000
- Model Y: $4,000
- Model S: $4,000
- Model X: $4,000
Buyers can still get $1,300 CAD off of new Model Y, Model S, or Model X purchases with a referral code.
Tesla never comments on price changes and therefore, we don’t know the official reasons for these specific price increases, but we can make some educated guesses.
First off, the Canadian dollar has crashed in comparison to USD over the last few months:
Furthermore, the timing of announcing that the price increases will take place on February 1st has led some to link this to the upcoming tariff wars that President Trump signaled against Canada.
The US President said that he plans to impose 25% tariffs on any goods coming from Canada, and Canada said that it would retaliate.
Electrek’s Take
Obviously, this is not good for the EV market in Canada.
The removal of incentives is already hurting the market, and now the base price of the most popular EVs in the country, Tesla vehicles, is also going up before incentives.
This will be a bad year for EVs in Canada.
Hopefully, things will settle down and we will get more clarity once the tariff war actually starts.
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