ElectraMeccanica Unveils the Features of its Production Intent Generation 3 SOLO EV
22 January 2020 - 12:31AM
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”
or the “Company”), a designer and manufacturer of electric
vehicles, today announced the final features of its production
intent Generation 3, single-seat
SOLO EV.
“Since joining the company as CEO in August
2019, our team has been tirelessly focused on testing and
validating our pilot production Generation 2 SOLO
vehicles in ‘real world’ driving conditions. Similar to any vehicle
program, these steps resulted in engineering modifications and
upgrades to optimize the driver experience and ensure reliability,”
said Paul Rivera, Chief Executive of ElectraMeccanica. “Today, I am
pleased to announce the final features of the Generation 3
SOLO design, which will be implemented into
commercial production later this year with our strategic contract
manufacturing partner in China, Zongshen Industrials Group.”
The Generation 3 SOLO, with an
MSRP of $18,500, is a trend-setting all-electric, single-seat
vehicle expected to revolutionize the commuting, delivery and
shared mobility experience. The vehicle will come standard with an
advanced liquid-cooled motor incorporating torque limiting
electronic stability control, a wider front steering track,
electronic power steering, power brakes, a more robust and rugged
look, as well as additional side-impact occupant protection. Beyond
these significant occupant safety features, the vehicle will also
offer enhanced comfort and driver experience upgrades such as
air-conditioning, an improved seat design, a quieter cabin
interior, and a more modern technology suite including a more
powerful sound system with Bluetooth connectivity.
ElectraMeccanica’s SOLO
electric vehicle will first be available in the Los Angeles market
in 2020 with other west coast cities to follow later in the year.
To be one of the first to own a SOLO, please
reserve yours online by visiting www.electrameccanica.com.
Rivera, concluded: “The pending launch of our
unrivaled Generation 3 SOLO is a game-changer
unlike anything on the road today. This vehicle will define a new
category, ‘SOLO Mobility’. We believe that today’s
commuters deserve a next-generation vehicle that is not only safe,
economical and environmentally friendly, but is also stylish and
fun to drive!”
About ElectraMeccanica Vehicles
Corp.ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a
Canadian designer and manufacturer of electric vehicles. The
company’s flagship vehicle is the innovative purpose built;
single-seat electric vehicle called the SOLO. This
vehicle will revolutionize commuting, delivery and shared mobility.
The SOLO provides a driving experience that is
unique, trendy, fun, affordable and environmentally friendly.
InterMeccanica, a subsidiary of ElectraMeccanica, has successfully
been building high-end specialty cars for 60 years. For more
information, please visit www.electrameccanica.com.
Safe Harbor StatementExcept for
the statements of historical fact contained herein, the information
presented in this news release and oral statements made from time
to time by representatives of the Company are or may constitute
“forward-looking statements” as such term is used in applicable
United States and Canadian laws and including, without limitation,
within the meaning of the Private Securities Litigation Reform Act
of 1995, for which the Company claims the protection of the safe
harbor for forward-looking statements. These statements relate to
analyses and other information that are based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management. Any other statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or
phrases such as “expects” or “does not expect”, “is expected”,
“anticipates” or “does not anticipate”, “plans, “estimates” or
“intends”, or stating that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved) are not statements of historical fact and should be
viewed as forward-looking statements. Such forward looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks and other factors
include, among others, the availability of capital to fund programs
and the resulting dilution caused by the raising of capital through
the sale of shares, accidents, labor disputes and other risks of
the automotive industry including, without limitation, those
associated with the environment, delays in obtaining governmental
approvals, permits or financing or in the completion of development
or construction activities or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected.
Many of these factors are beyond the Company’s ability to control
or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the
statements contained in this news release can be found in the
Company’s filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news
release and in any document referred to in this news release. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities.
Investor Relations:Greg FalesnikManaging
DirectorMZ Group - MZ North America(949)
385-6449SOLO@mzgroup.uswww.mzgroup.us
Media Contact:Sean MahoneyC.
310-867-0670sean@electrameccanica.com
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