Watch ElectraMeccanicas First Exclusive
Strategic Partners Manufacturing Facility in China
VANCOUVER, British Columbia, Oct. 25, 2019 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (ElectraMeccanica or the Company), a designer and manufacturer of electric vehicles, has conducted its first video interview at their strategic partners manufacturing facility in Chongqing, China.
The facility is owned and operated by ElectraMeccanicas strategic manufacturing partner, Zongshen, a wholly-owned subsidiary of Zongshen Industrial Group Co. Ltd. an early investor in ElectraMeccanica and Chinas largest manufacturer of motorcycles and motorcycle engines.
To view the video interview at the Zongshen facility with ElectraMeccanicas CEO, Paul Rivera, please click here, or visit: https://investors.electrameccanica.com/media.
This interview provides us with an exciting opportunity to discuss our growing team and the upcoming launch of our flagship electric vehiclethe SOLO EVfrom the exact location where they are being manufactured by our strategic partner, said Rivera. Not only is the SOLO unique, fun and trendsetting, but the way we went about production is very different as well. This interview provided us with the opportunity to show off our cutting-edge production line with Zongshen in China, where we will begin producing commercial SOLOs soon and start to deliver to customers in 2020. This industry-leading contract manufacturing partnerwho produces over two million motorcycles each yearreduces our production risk, accelerates production and notably minimizes capital expenditures.
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of electric vehicles. The companys 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 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 Companys 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 Companys 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.
|MZ Group - MZ North America|
Source: ElectraMeccanica Vehicles Corp
Released October 25, 2019