Corally introduced the SP12V in 1992. The powerpod and front wheel suspension were identical to the SP12G. The powerpod suspension of this model was one of a kind, because the SP12V didn’t have a T-bar but a link system, in which two link bars were connected to the chassis plate at the outside of the batteries. The powerpod was secured to a hinge. This model was said to be a cunning car that was hard to tune. But once tuned, it was a fine model. Probably because of its cunning character, this model was only on the market for eight months.
The Canadian company Honda House developed shortly after the release, with the approval of Corally a new chassis plate for this model.