VANCOUVER, British Columbia, Feb. 25, 2019 (GLOBE NEWSWIRE) -- Electra Meccanica Vehicles Corp. (NASDAQ: SOLO)
(“Electra Meccanica” or the “Company”), a designer and manufacturer of electric vehicles, held a grand opening ceremony of the
Zongshen SOLO EV production facility in Chongqing, China on Friday, February 22, 2019.
In attendance at the grand opening ceremony were several members of the Electra Meccanica management team and
Board of Directors, as well as Zongshen factory management and the Canadian and United States Consul Generals. Initial production
of the SOLO EV is currently underway at the facility. An update video of the high-volume Zongshen factory can be accessed here. The Company expects to produce approximately 50 SOLO EVs in the
quarter ended March 31, 2019 as it ramps production considerably over the course of 2019 to deliver a total of 5,000 vehicles by
year end.
“I am proud of our strategic partners at Zongshen, who have provided us with a state-of-the-art production
facility and a highly-skilled production team to make the Electra Meccanica SOLO EV a reality,” said Jerry Kroll, CEO of Electra
Meccanica. “We remain confident in our ability to deliver the first 5,000 SOLO EVs in 2019 to our earliest supporters, providing
them with an unforgettably unique zero-emissions driving experience. I believe we are poised to create notable shareholder value
over the long-term and look forward to providing our shareholders with future updates on our production progress as
appropriate.”
“I am thoroughly impressed with the experience, dedication and professionalism that Zongshen has displayed,”
added Steven Sanders, Chairman of Electra Meccanica’s Board of Directors. “Our strategic partners are truly dedicated to building a
world-class vehicle alongside the team at Electra Meccanica.”
The SOLO is a new single-passenger EV made by Vancouver-based automaker, Electra Meccanica. The SOLO, which
retails for $15,500, has a 100 mile range, cruises comfortably at highway speeds and can charge on a regular household 110V socket
in under 6 hours. For more information please visit www.EMVauto.com.
About Electra Meccanica Vehicles Corp.
Electra Meccanica is a designer and manufacturer of electric vehicles. The Company builds the innovative, all-electric SOLO, a
single passenger vehicle developed to revolutionize the way people commute, as well as the Tofino, an elegant high-performance two
seater electric roadster sports car. Both vehicles are tuned for the ultimate driving experience while making your commute more
efficient, cost-effective and environmentally friendly. Intermeccanica, a subsidiary of Electra Meccanica, has successfully been
building high-end specialty cars for 60 years. For more information, visit www.electrameccanica.com.
Forward Looking Statements
Some of the statements contained in this press release are forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”,
“intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions,
events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements
and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control.
Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the
forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking
statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as
may be required by law.
Media Contact:
Sean Mahoney
(310) 867-0670
sean@ElectraMeccanica.com
Investor Relations:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
Two photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/d7419148-4cd0-49c1-9343-9b9d254000d5
http://www.globenewswire.com/NewsRoom/AttachmentNg/3bd3fe37-b364-4ce9-b0be-36c6456ee3f7
SOLO at Zongshen Facility
Steven Sanders, Chairman, and Jerry Kroll, CEO, stand by a production SOLO EV at the Zongshen Facility.