ElectraMeccanica’s SOLO EV Showcased During U.S. Secretary of Energy Jennifer Granholm‘s Michigan Manufacturing Tour
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced the visit of U.S. Secretary of Energy Jennifer Granholm to its manufacturing facilities in Michigan on August 5, 2021. The visit coincided with the Biden administration's push for a $1 trillion bipartisan infrastructure bill, which includes $7.5 billion for electric vehicle infrastructure. Granholm viewed ElectraMeccanica’s SOLO EV, a three-wheeled electric vehicle designed for urban environments, offering 100 miles of range and priced at $18,500. The SOLO is currently available for pre-orders.
- U.S. Secretary of Energy visited ElectraMeccanica's facilities, enhancing company visibility.
- Granholm's visit aligns with potential funding opportunities from the $1 trillion infrastructure bill.
- The SOLO EV showcases advanced safety features and is priced competitively at $18,500.
- None.
VANCOUVER, British Columbia, Aug. 06, 2021 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, announced today that Jennifer Granholm, former Michigan Governor and current U.S. Secretary of Energy, visited several southeastern Michigan manufacturing facilities along with Congresswoman Haley Stevens on Thursday, August 5. As part of the tour, Granholm viewed the Company’s flagship SOLO EV among other vehicles at the U.S. headquarters of its vehicle engineering partner FEV North America, Inc. in Auburn Hills, Michigan.
The tour was conducted in conjunction with the Biden administration’s effort to support its
“To have the Energy Secretary and former governor of Michigan experience and learn about our flagship SOLO EV in person is a distinct privilege,” said ElectraMeccanica President and CEO Paul Rivera. “We believe the SOLO is the perfect choice for consumers, commercial customers, fleet applications and SOLO Share as well. We’re grateful that our vehicle engineering partner FEV was able to organize this special event to showcase our vehicle and others yesterday in Michigan.”
“We appreciate the consideration of Secretary Granholm along with other members of the Michigan congressional delegation in visiting our North American Technical Center in Auburn Hills,” said Patrick Hupperich, CEO of FEV North America. “Working with sustainable mobility focused companies like ElectraMeccanica serves as a great example of FEV’s technical leadership, supporting customers as a complete vehicle engineering partner.”
The SOLO is a purpose-built, three-wheeled, all-electric solution for the urban environment. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The SOLO has a range of 100 miles and a top speed of 80 mph, making it safe for highways. The SOLO features front and rear crumple zones, side impact protection, roll bar, torque-limiting control as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system. It blends a modern look with safety features at an accessible price point of
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company’s flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including 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 62 years. For more information, please visit www.electrameccanica.com.
Safe Harbor Statement
Except 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 Contact
Gateway Investor Relations
Matt Glover and Tom Colton
(949) 574-3860
SOLO@gatewayir.com
Public Relations Contact
Michelle Ravelo
R&CPMK for ElectraMeccanica
(714) 403-9534
michelle.ravelo@rogersandcowanpmk.com
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