ElectraMeccanica Reports First Quarter 2022 Financial Results
12 Maio 2022 - 05:34PM
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”
or the "Company"), a designer and manufacturer of electric vehicles
revolutionizing the urban driving experience, today reported
financial results for the first quarter ended March 31, 2022 in
conjunction with the filing of its Quarterly Report on Form 6-K
earlier today.
For more information on the quarter, please see
the report here or listen to management's recorded remarks on
the results.
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.
Engineered for a single occupant, it offers a unique driving
experience for the environmentally conscious consumer. Depending on
driving conditions, temperature and climate controls, the SOLO has
a range of up to 100 miles and a top speed of up to 80 mph. The
SOLO also 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 $18,500 (MSRP) for the consumer
model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo
model, which features an expanded cargo box to accommodate a wide
variety of fleet and commercial applications. The SOLO is currently
available for order here. 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 ContactRobbie Goffin(646)
468-9039robbie@sintercompany.com
Public Relations ContactAmy PandyaR&CPMK(310)
967-3418amy.pandya@rogersandcowanpmk.com
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