Arcimoto, Inc. - FUV STOCK NEWS

Arcimoto, Inc. (NASDAQ: FUV) has launched the Say shareholder Q&A platform, enabling investors to submit and upvote questions prior to the earnings call on March 31. This initiative aims to foster greater engagement with the shareholder community, according to CEO Mark Frohnmayer. The earnings call will discuss Q4 and full-year financial results and will be held at 2:00 p.m. PDT. A playback will be available for 60 days afterward. The company focuses on electric vehicles, offering models like the FUV, Deliverator, and Rapid Responder.

Arcimoto, Inc. (NASDAQ: FUV) has completed due diligence for a new manufacturing plant in Eugene, OR, capable of producing 50,000 vehicles annually. The company has deposited earnest money and expects to finalize the purchase by April 19, 2021. The facility will undergo minor upgrades, enabling quicker operational readiness and focusing on assembly lines. CEO Mark Frohnmayer highlighted this milestone as crucial for mass production and the company’s mission in sustainable transportation.

Arcimoto, Inc. (NASDAQ: FUV) has announced the debut of its Roadster Prototype at the 80th Annual Daytona Bike Week, the largest motorcycle rally worldwide. Founder and CEO Mark Frohnmayer highlighted the significance of introducing electric vehicles at this traditional event. The Roadster is designed as a three-wheel electric vehicle featuring dual-motor front-wheel drive and advanced materials, developed in collaboration with Corbin-Pacific. Attendees can view the prototype from March 5 to March 14 at Corbin-Pacific's location in Florida.

Arcimoto (Nasdaq: FUV) will present its electric vehicles and vision for sustainable transportation at four investor conferences this March. CEO Mark Frohnmayer highlighted the company's strong financial position entering 2021 and forecasted significant year-over-year growth in production as supply chain issues ease. The conferences include Canaccord Genuity on March 4, Baird on March 9-10, Roth Capital on March 15-17, and Colliers on March 25. A corporate update and 2020 financial results will be released on March 31, along with a Q&A session with investors.

Arcimoto, Inc. (NASDAQ: FUV) announces that the Arcimoto FUV qualifies for the $1,500 California Clean Fuel Reward, which can be instantly applied at purchase. This initiative aims to enhance affordability for sustainable transportation. CEO Mark Frohnmayer highlights California's leadership in preorders, totaling over 4,800 units. The California Clean Fuel Reward, funded by the California Air Resource Board, is available to California residents purchasing new FUVs directly from Arcimoto.

Arcimoto, Inc. (NASDAQ: FUV) has announced an agreement to acquire Tilting Motor Works for $9.25 to $10.25 million, composed of cash and shares. The deal is expected to close in Q1 2021, enhancing Arcimoto's product offerings in the electric vehicle sector. Tilting Motor Works is known for its innovative TRiO technology, which converts motorcycles into safer three-wheelers. This acquisition aims to boost Arcimoto's capabilities in micromobility and aligns with its mission to promote sustainable transportation.

Arcimoto, Inc. (NASDAQ: FUV) has joined the Zero Emission Transportation Association (ZETA), advocating for 100% electric vehicle sales by 2030. CEO Mark Frohnmayer emphasized the need for a cohesive strategy to create a sustainable future. ZETA's 2021 policy platform includes proposals for electric vehicle adoption incentives, electrification of heavy-duty vehicles, a $30 billion charging infrastructure investment, encouragement of domestic manufacturing, emissions standards, and federal leadership in EV initiatives. Arcimoto continues to develop ultra-efficient electric vehicles aimed at everyday commuting.

Arcimoto, Inc. (NASDAQ: FUV) has appointed Galileo Russell to its Board of Directors, enhancing its strategic leadership. Russell, a prominent figure in the EV sector and founder of HyperChange, brings valuable expertise and connections, notably linking Arcimoto with Munro & Associates to aid mass production efforts. Having witnessed Arcimoto's journey from concept to production, Russell is also a pre-order customer of the company's electric vehicles, emphasizing his belief in the brand's potential to reshape urban transport.

Arcimoto, makers of affordable electric vehicles, announced the purchase of a 185,000 square foot manufacturing site in Eugene, Oregon, significantly larger than their current facility. This acquisition aims to facilitate mass production of their ultra-efficient vehicles, a goal set for 2020. CEO Mark Frohnmayer emphasized that the existing facility reduces risks and accelerates retrofitting for production. The deal's closure is subject to thorough approval and is scheduled for March 31, 2021.