Arcimoto Announces Second Quarter 2022 Vehicle Production & Deliveries
06 Julho 2022 - 10:00AM
Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously
fun, ultra-efficient electric vehicles for moving people and stuff,
produced 102 vehicles in the second quarter, the highest vehicle
production quarter in Arcimoto’s history.
Arcimoto delivered 41 customer vehicles and produced 41 vehicles
for commercial pilot programs and marketing use. The company also
produced 20 rental vehicles, and now totals 109 rental vehicles
across Arcimoto rental locations and partner rental locations.
“Despite production stalls due to supply chain issues, the
relocation of battery production facilities, and the certification
of new battery modules, the second quarter was our best production
quarter in company history,” said Arcimoto Founder and CEO Mark
Frohnmayer. “We continue to target 1,000 vehicles produced for the
year.”
Additionally, Tilting Motor Works produced 40 TRiO three-wheel
conversion kits and completed delivery of 35 TRiO kits to
customers, also the highest production quarter in Tilting Motor
Works history.
“Tilting Motor Works has grown substantially with Arcimoto and
we look forward to setting more records, be it sales records or
land-speed records, in the years to come,” said Bob Mighell,
Arcimoto Chief Tilting Officer.
In the latest edition of our Arcimoto Weekend Update video, we
visit Tilting Motor Works to see the progress Chief Tilting Officer
Bob Mighell and his team have made on the one-of-a-kind TRiO
Conversion Kit that transforms regular two-wheeled motorcycles into
three-wheeled leaning machines.
Finally, Arcimoto’s Annual Shareholder Meeting has been
rescheduled to July 15. Investors in Arcimoto have the right to
vote on important issues, and we urge you to make your voice heard.
Please check your email inbox for login instructions from Proxy
Vote sent on or around May 20, and contact your broker if you can’t
find the email with your voting instructions. You can also reach
out to investor@arcimoto.com for assistance.
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About Arcimoto, Inc.Arcimoto is a pioneer in
the design and manufacture of rightsized, ultra-efficient,
incredibly fun electric vehicles for everyday mobility. Built on
the revolutionary three-wheel Arcimoto Platform, our vehicles are
purpose-built for daily driving, local delivery, and emergency
response, all at a fraction of the cost and environmental impact of
traditional gas-powered vehicles. Based in Eugene, Oregon, the
Arcimoto team is dedicated to creating world-class EVs that make
the world a better place. For more information, please
visit Arcimoto.com.
Safe Harbor / Forward-Looking StatementsExcept
for historical information, all of the statements, expectations,
and assumptions contained in this press release are forward-looking
statements. Forward-looking statements include, but are not limited
to, statements that express our intentions, beliefs, expectations,
strategies, predictions or any other statements relating to our
future activities or other future events or conditions. These
statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made
by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict and include, without limitation, our
expectations as to vehicle deliveries, the establishment of our
service and delivery network and our expected rate of production.
Therefore, actual outcomes and results may, and are likely to,
differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors discussed from
time to time in documents which we file with the SEC. In addition,
such statements could be affected by risks and uncertainties
related to, among other things: our ability to manage the
distribution channels for our products, including our ability to
successfully implement our rental strategy, direct to consumer
distribution strategy and any additional distribution strategies we
may deem appropriate; our ability to design, manufacture and market
vehicle models within projected timeframes given that a vehicle
consists of several thousand unique items and we can only go as
fast as the slowest item; our inexperience to date in manufacturing
vehicles at the high volumes that we anticipate; our ability to
maintain quality control over our vehicles and avoid material
vehicle recalls; the number of reservations and cancellations for
our vehicles and our ability to deliver on those reservations;
unforeseen or recurring operational problems at our facility, or a
catastrophic loss of our manufacturing facility; our dependence on
our suppliers; changes in consumer demand for, and acceptance of,
our products: changes in the competitive environment, including
adoption of technologies and products that compete with our
products; the overall strength and stability of general economic
conditions and of the automotive industry more specifically;
changes in laws or regulations governing our business and
operations; costs and risks associated with potential litigation;
and other risks described from time to time in periodic and current
reports that we file with the SEC. Any forward-looking statements
speak only as of the date on which they are made, and except as may
be required under applicable securities laws, we do not undertake
any obligation to update any forward-looking statements.
Investor Relations
Contact:investor@arcimoto.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/83061ca8-2fbd-418a-83a9-30f405c3f5d3
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