Tag Archives for: EV cars

New Partnership – Sono Motors to Produce Sion Solar Electric Vehicle at Valmet Automotive

April 06, 2022

 

New Partnership – Sono Motors to Produce Sion Solar Electric Vehicle at Valmet Automotive

 

  • Sono Motors and Valmet Automotive Announce the Signing of a Term Sheet Concerning the Production of the Sion Solar Electric Vehicle (SEV) At Valmet Automotive’s Production Line in Uusikaupunki, Finland.
  • The Contract Manufacturer, With Long Experience in Production for Premium OEMs, Will Provide Production Capacity for 257,000 Cars Within 7 Years.
  • Start of Production Planned for the Second Half of 2023.
  • Funding Needs Increase.
  • Due to Increased Manufacturing Costs, the Sion Will Be Priced at €25,126 Net in the Future. The New Price Will Be Valid From 18,500 Reservations Onwards. All Existing Reservations Remain Priced as Before.
  • Valmet Automotive Is One of the World’s Most Sustainable Contract Manufacturers and Certified Climate-Neutral as of 1 January 2022.
  • Sono Motor’s Munich Headquarters Continues to Be the Sole Development Hub for Sono Solar Technology.

 

MUNICH, Germany and UUSIKAUPUNKI, Finland, April 05, 2022 — Sono Motors (subsidiary to “Sono Group N.V.”, NASDAQ: SEV) and Valmet Automotive today announced the signing of a binding term sheet, specifying all substantial parameters regarding the collaboration and the production of the Sion solar electric vehicle (SEV). The Finnish contract manufacturer will produce the Sion at its plant in Uusikaupunki. Valmet Automotive will provide the capacity to produce more than 257,000 vehicles over a seven-year period.

“The cooperation marks another milestone towards delivering the Sion to our growing Community. We are convinced that collaborating with such a reliable and experienced partner is an excellent match for bringing the Sion to the streets, while securing high quality standards. We value Valmet Automotive’s experience in manufacturing premium automobiles and their proven track record in electro mobility,” says Laurin Hahn, CEO and co-founder of Sono Motors. “Together we are well positioned to keep our promise and deliver a climate-neutral Sion to our customers.”

“The cooperation with Sono Motors is a perfect fit with Valmet Automotive’s strategy, capabilities, and sustainable approach in all operations. We have been pioneers in electric vehicle manufacturing since 2009, and the innovative solar electric Sion will take us to the next level as the first high-volume, fully electric vehicle to be produced in the Uusikaupunki plant. In the rapidly changing automotive industry, Sono Motors is a leading exponent. We are looking forward to supporting Sono Motors in their electromobility targets,” says Olaf Bongwald, CEO, Valmet Automotive.

The Partnership Aims to Produce 43,000 Vehicles Per Year
Valmet Automotive started car manufacturing in 1968 as a joint venture with Saab. Since then, the company built more than 1.7 million cars as a contract manufacturer for some of the world’s leading OEMs. General price increases, the switch to Valmet Automotive and the development of new production lines will lead to increased funding needs of at least €275 million (including expected cash inflow from advance payments from reservations) by the start of production (SOP) in the second half of 2023. The Valmet Automotive facilities in Uusikaupunki allow for the production of a low four-digit volume in 2023, which will be followed by a ramp-up period. After this period, which will likely take a few months, the partners aim to produce approximately 43,000 Sion a year, using one hundred percent renewable energy. Sono Motors currently expects that all production-related greenhouse gas emissions that cannot be avoided along its supply chain, or during the production process of the vehicles, will be fully offset through relevant measures. Valmet Automotive is one of the world’s most sustainable contract manufacturers and is certified as climate neutral as of 1 January 2022.

Adjusted Prices for New Customers Due to Market Development
As of 31 March 2022, the Sion has over 17,000 direct consumer reservations with an average down payment of €2,390 net. Currently priced at €23,950 net, the company is planning to increase the car’s estimated net price before taxes and subsidies to €25,126 (€29,900 including German VAT) when the reservation number has reached 18,500. Sono Motors is thereby reacting to the latest increase in manufacturing costs, due to higher prices for production facilities and supplier components as well as raw materials, energy, and logistics, whilst keeping current promised net reservation prices fixed. “By adapting our pricing according to the current economic environment, we are able to reflect our increased costs while continuing to offer our customers a completely sustainable SEV at a very attractive price,” says Thomas Hausch, Chief Operating Officer at Sono Motors.

Sono Motors is currently building a fleet of series-validation vehicles in Germany closer to the company’s HQ, ushering in the Sion’s testing program. The outer shell of this family-friendly car will consist of 456 seamlessly integrated solar half-cells and will enable self-sufficiency on short journeys. The energy generated by the solar cells will extend the estimated 305 km range of the Sion’s 54 kWh LFP battery by an average of 112 km (up to 245 km) per week. Commuters in metropolitan areas will have to charge their Sion up to four times less than conventional electric cars of the same vehicle class with a similar battery size. Bidirectional charging technology complements the car’s solar integration and is designed to turn the Sion into a sustainable power plant on wheels that will be able to power electronic devices, the home or other electric cars with an output of up to 11 kW.

ABOUT SONO MOTORS

Sono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. Its disruptive solar technology has been developed to enable seamless integration into all types of vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility.

Sono Motors is developing the world’s first solar electric vehicle (SEV) for the masses, the Sion. Empowered by a strong community, Sono Motors has amassed more than 17,000 reservations with advance payments for the Sion. These vehicles will be produced through contract manufacturing.

Sono Motors’ proprietary solar technology has been engineered to enable integration and licensing for a wide range of vehicle architectures that go far beyond the Sion, such as buses, trailers, trucks, camper vans, trains, and boats.

ABOUT VALMET AUTOMOTIVE

The Valmet Automotive Group is one of the largest vehicle contract manufacturers in the world, Tier 1 systems supplier for convertible roof and kinematic systems and for battery systems. In its strategic development, Valmet Automotive Group focuses on electromobility with the development and manufacturing of battery modules as well as packs for electrified vehicles. The activities in the group are organized in three business lines: Manufacturing, EV Systems and Roof & Kinematic Systems. Since its founding in 1968, Valmet Automotive has produced more than 1.7 million vehicles at the Uusikaupunki, Finland plant. In Salo, near the Uusikaupunki plant, Valmet Automotive opened its first volume production of battery systems for the automotive industry in autumn 2019. The company has locations in Finland, Germany, and Poland. Valmet Automotive’s largest shareholders are state-owned Finnish investment company Tesi and the Pontos Group, each with a stake of 38.46 %. 23.08 % is held by the Chinese Contemporary Amperex Technology Limited (CATL), the world leading manufacturer of battery cells for electric vehicles.

Website: www.sonomotors.com/press

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements. The words “expect”, “anticipate”, “intends”, “plan”, “estimate”, “aim”, “forecast”, “project”, “target”, “will” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the Company’s intentions, beliefs, or current expectations. Forward-looking statements involve inherent known and unknown risks, uncertainties, and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. These risks, uncertainties and assumptions include, but are not limited to (i) the impact of the global COVID-19 pandemic on the global economy, our industry and markets as well as our business, (ii) risks related to our limited operating history, the rollout of our business and the timing of expected business milestones including our ability to complete the engineering of our vehicles and start of production on time and budget and risks related to future results of operation, (iii) risks related to our unproven ability to develop and produce vehicles and with expected or advertised specifications including range, and risks relating to required funding, (iv) risks related to our ability to monetize our solar technology, (v) risks relating to the uncertainty of the projected financial information with respect to our business including the conversion of reservations into binding orders, (vi) effects of competition and the pace and depth of electric vehicle adoption generally and our vehicles in particular on our future business and (vii) changes in regulatory requirements, governmental incentives and fuel and energy prices. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to factors discussed under the caption “Risk Factors” in our final prospectus under Rule 424(b) filed with the U.S. Securities and Exchange Commission (“SEC”) on November 18, 2021 in connection with our initial public offering as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and on our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors that are beyond the Company’s ability to control or estimate precisely, such as the actions of regulators and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the company assumes no obligation to update any such forward-looking statements.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b354397-204e-427e-9a26-a53b85cb8cf0

Leon County FL Sheriff’s Office Deploys Beam Global EV ARC™ Off-Grid EV Charging for City Fleet

November 02, 2021

 

Leon County FL Sheriff’s Office Deploys Beam Global EV ARC™ Off-Grid EV Charging for City Fleet

 

SAN DIEGO, Nov. 02, 2021  — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the Leon County’s Sheriff’s Office in Tallahassee Florida has deployed the EV ARC™ solar-powered EV charging system to charge department fleet EVs. The system was purchased through the Florida Sheriff’s Association (FSA) contract number FSA20-EQU18.0 Heavy Equipment which has pre-negotiated pricing and simplifies the procurement process.

Leon County’s EV ARC™ charging system fits in a standard parking space and is equipped with a dual port charger to serve the growing fleet of electric vehicles. The EV ARC™ system generates and stores its own clean electricity and delivers that electricity to power City EVs day or night, and during inclement weather and power outages. Flood proof to 9.5 feet and wind-rated to 120 mph, the charging system adds to the City’s energy resiliency and disaster preparedness. The transportable but permanent unit includes the Emergency Power Panel option for first responder use during blackouts or in locations where there is no utility connection available.

“The Leon County Sheriff’s Office is exploring the required infrastructure to initiate electrifying our fleet in FY 2025. Driving on Florida’s ample sunshine will allow us to collect the data we need to properly and accurately plan our future infrastructure needs. We will be able to collect the kWhs required to supply our Vehicle Miles Traveled. We are focused on reducing our petroleum usage, fleet maintenance costs, and support Leon County’s sustainability initiatives,” said Tim Coxwell CAFM CPFP CEM, Fleet Director of Leon County Sheriff’s Office. “The Beam EV ARC charger deployed in one day, with no costly construction project to disrupt department business. Because it is independent of the grid and transportable, we were able to put the EV ARC charger where we wanted charging, and we can move it if needed. We also were able to avoid lengthy delays associated the permitting process for traditional grid powered charging stations.”

Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to county budgets.

“We are seeing increased interest from states to provide EV charging infrastructure that can survive extreme weather events and provide a hedge against lost charging infrastructure due to flooding or blackouts. It makes perfect sense for the Sunshine State to drive on sunshine,” said Beam Global CEO, Desmond Wheatley. “To keep up with increasing state mandates, rapid and scalable deployment is crucial. The EV ARC is the only rapidly deployed, sustainable EV charging solution on the market that is off-grid, transportable and can be deployed in minutes instead of months. It requires no permitting, no electrical work, no construction and generates no utility bill.”

Beam Global was awarded the statewide contract from the Florida Sheriffs Association (FSA) in partnership with the Florida Association of Counties. The contract includes the flagship EV ARC™ 2020 and EV ARC™ DCFC sustainable EV charging infrastructure systems under the category Power Charging, with a contract term through September 30, 2023. This is the premier contract in the state for police, fire, municipalities and universities.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter

Forward-Looking Statements

This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results

EV BREAKTHROUGH: MEETING DEMAND FOR SPEED AND CONVENIENCE, GRAVITY UNLOCKS MANHATTAN’S 1ST AND ONLY TRUE FAST CHARGING AT AN INDOOR PUBLIC SITE, WITH PLANS TO RAPIDLY SCALE EV CHARGING ACROSS NYC

September 15, 2021

 

EV BREAKTHROUGH: MEETING DEMAND FOR SPEED AND CONVENIENCE, GRAVITY UNLOCKS MANHATTAN’S 1ST AND ONLY TRUE FAST CHARGING AT AN INDOOR PUBLIC SITE, WITH PLANS TO RAPIDLY SCALE EV CHARGING ACROSS NYC

 

 

 

Gravity has begun construction to convert a 42nd Street indoor parking garage under license with Related Companies into a public EV Charging Space—providing charging options and speeds only found at large, outdoor sites away from city centers

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New York, NY (September 15, 2021)—Gravity, the pioneering electric vehicle fleet and infrastructure start-up, today announced Manhattan’s first and only True Fast Charging site will open this fall in the heart of Manhattan, on West 42nd Street. Gravity plans to rapidly scale the model with dozens of public parking garages across the city including a portfolio of new designs that can adapt to even the most space-constrained site.

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Gravity’s first Midtown site represents a major breakthrough for the EV charging industry, which has struggled to deliver a full range of charging options to the e-driver—including fast charging in minutes—in space-constrained indoor settings most common in city environments. Overcoming this challenge positions Gravity to meet the ever-growing demand for charging space in New York’s core—something no other company has been able to solve.

The 29-space street-level site located at Manhattan Plaza in Midtown, under license from Related Companies, with its own dedicated entrance on 42nd street, will provide charging options for every use case—from fast-charging in minutes to overnight charging for long-term parkers. Deploying state-of-the-art innovation in charging hardware, cables, cable management, authentication and payment processing, as well as uniform user-friendly user interfaces, Gravity will provide a flexible, convenient and seamless experience to EV drivers which they plan to replicate at dozens of sites across the five boroughs.

Adjacent to the Lincoln Tunnel, this first facility will offer fast, convenient charging for EV fleets and private electric vehicles in the heart of Midtown while also serving as a charging hub for Gravity’s new fleet of all-electric yellow taxis. This marks the first in a series of new partnerships with major commercial and residential owners. Gravity has surveyed hundreds of parking garages across New York City, analyzed their space and power constraints, and developed a portfolio of design solutions to retrofit them for EV charging on a scale never attempted before.

“This is a technological leap for big cities like New York that have struggled to meet demand for charging in space-constrained indoor garages. We’re opening the first True Fast Charging in Manhattan, and now we are poised to rapidly scale our solution across New York City and beyond,” said Moshe Cohen, founder and CEO of Gravity. “For every EV driver who has

experienced false advertising, lackluster charging speeds or inaccessible locations, we’re here to revolutionize your experience. Tesla has set the bar with its V3 Superchargers. Gravity aims to surpass that experience for all EVs, and to bring it to the heart of densely populated cities.”

Hi-res renderings of the Manhattan Plaza facility: https://www.truefastcharging.com/ Gravity’s preview of custom charging space solutions: https://www.truefastcharging.com/preview/gravity-charging-center

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“Related is a champion of environmentally conscious design, construction and operation in real estate and remains devoted to reducing the environmental footprint at our properties,” said Jeff Brodsky, vice chairman of Related Companies. “We are proud to be a part of this monumental moment in offering sustainable, True Fast Charging in Manhattan through Gravity and its unique innovation.”

“In New York City and Westchester, transportation is the second largest and the only growing source of carbon emissions,” said Raghusimha Sudhakara, Con Edison’s director of Demonstration Projects and Electric Vehicles. “That’s why in addition to providing incentives to make EV ownership more affordable, we’re making charging more convenient for New Yorkers by supporting projects like Gravity’s True Fast Charging in Manhattan. It’s a win-win for our customers and the environment.”

Charging Options:

The 29-space parking facility will accommodate the 3 charging use cases Gravity has identified:

 True Fast Charging: Using equipment capable of up to 180Kw of power or greater, roughly equivalent to the speed and ease of outdoor V3 Tesla Superchargers, Gravity truly meets the acute need for True Fast Charging in urban areas. This new equipment will also ensure Gravity’s fleet of yellow taxis will only be off the road charging for the time it takes for daily service and disinfection of the vehicles. With its combination of high-capacity equipment and high-current (400amp or greater) charging cables, Gravity ensures that in all its True Fast Charging sites, drivers will receive greater than necessary charging speeds required to ensure a full charge in minutes not hours—on-demand charging while the driver waits.

  •   Intermediate Charging: Charge in 1-3 hours using 24-30Kw equipment, convenient for drivers parking while they go to restaurants, theaters, museums, and meetings.
  •   Slow Charging: Charge overnight or in 6-8 hours using 11Kw equipment, convenient for residents using overnight or long-term parking, or full day-time parking.

    Convenient Location:

    Located at 401 West 42nd Street, Manhattan Plaza’s garage is in close proximity to Midtown offices, theaters, restaurants, the Lincoln Tunnel, the West Side Highway, Hudson Yards, and the growing number of West Midtown residential buildings. It’s an ideal site for residents, commuters and visitors, as well as for Gravity’s new fleet of fully electric yellow taxis launching this year.

    Positive Environmental Impact:

    Gravity estimates the Manhattan Plaza facility will support charging for roughly 600 electric vehicles a day, including its own fleet of all-electric yellow taxis. This translates to support for thousands of EV owners, who on-average deplete a full battery less than once a week.

    Seamless Customer Experience:

    Gravity offers a unique and seamless experience to users. A simple touch-screen helps users adjust and monitor their vehicle’s charging while they wait in comfortable seating, or leave their vehicles to explore the surrounding neighborhood. All equipment is standardized and simplified: just drive up and plug in. This first Gravity Charging Space will also have 24/7 attendants, offering the public the option to have the vehicle parked in the connected Manhattan Plaza parking garage, immediately following charging: drop-off and go.

    As part of Gravity and Related Companies’ mission to electrify cities, Gravity charging spaces are all open to the public. Parking is also complementary while vehicles are being charged. At Manhattan Plaza, charging will be priced at the cost of providing the electricity, without markup.

    Welcoming Design:

    Collaborating with internationally renowned architect Jasmit Rangr, Gravity is transforming garages from dark, fume filled spaces to attractive, welcoming and sleek places to house the new generation of clean electric vehicles. Gravity’s charging centers are designed to provide amenities such as informational touch screens in a welcoming ambiance of tactile structures and live plants.

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Learn more at gravitymobility.com

SENATOR MURPHY VISITS LEADING US-MADE EV CHARGER MANUFACTURER JUICEBAR IN CONNECTICUT

August 27, 2021

 

 

SENATOR MURPHY VISITS LEADING US-MADE EV CHARGER MANUFACTURER JUICEBAR IN CONNECTICUT

 

 

 

OXFORD, Conn.– U.S. Senator Chris Murphy (D-Conn.) toured Connecticut-based EV charger manufacturer JuiceBar on Tuesday and hailed the company’s decision to build a Made in America product with over 70% of its components made in the United States.

“JuiceBar is leading the country as the only manufacturer of electric vehicle (EV) charging stations made and assembled in the U.S. I was glad to tour their facilities and learn about their mission to help build a sustainable future – and I’m going to keep pushing for more federal funding for EV infrastructure. Teddy Roosevelt became the first American president to publicly ride in an automobile when he drove through Hartford in an electric car 119 years ago. JuiceBar’s work will make sure that EVs are a part of not only Connecticut’s past but also our future,” said Murphy.

“We were honored to host Senator Murphy at our facility,” said JuiceBar CEO Paul Vosper. “We take great pride in being a Made in America manufacturer of the world’s fastest, safest, and most reliable commercial EV charging stations.”

With the rapid increase in electric vehicle sales and growing demand for EV charging stations, JuiceBar has tripled its workforce in the state over the past year and anticipates creating at least 100 more engineering and advanced manufacturing jobs in Connecticut by 2023.

The federal Infrastructure Bill, which passed the House on the same day as Murphy’s tour, calls for $7.5 billion in charging infrastructure to be installed over the next 5 years as well as millions allocated for the purchase of EV school buses and other fleet vehicles. JuiceBar recently announced that its charging stations meet Made in America provisions of the American Recovery and Reinvestment Act.

“Senator Murphy’s support for federal investment in infrastructure will likely create the largest manufacturing boom in over a hundred years and will accelerate the transition to a low carbon transportation sector, critical to address pollution and climate change,” added Vosper.

“Building American jobs has helped us avoid the supply chain problems of many of our competitors,” Vosper said. “We can deliver our chargers within two to three weeks of an order in contrast to delays of 6 months or more with other manufacturers who source their components abroad.”

About JuiceBar
JuiceBar is a pioneer in EV charging. Since 2009 when its first charger was deployed at the Denver Airport, its chargers can be found in over 200 cities in North America. JuiceBar chargers are manufactured in America and come with a money-back guarantee in addition to its standard warranties. Its Level 2 chargers deliver charging speeds that are 60 to 250-percent faster than the industry’s standard chargers and include unique safety features and open communications architecture that allows customers to connect to the network of their choice. To learn more visit: www.JuiceBarEV.com.

SPI Energy’s Phoenix Motorcars’ Surpass 3.0 Million All-Electric Mile Milestone for its Vehicles

August 26, 2021

 

 

 

SPI Energy’s Phoenix Motorcars’ Surpass 3.0 Million All-Electric Mile Milestone for its Vehicles

 

 

Anaheim, CA / August 26, 2021 – California based Phoenix Motorcars, a subsidiary company of SPI Energy Co., Ltd. (NASDAQ:SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions, recently exceeded the 3.0 million electric mile mark, counting all its fully electric trucks and shuttle buses in operation. This includes its first-, second- and third-generation products that have been driven across a wide variety of end-use applications.

Phoenix Motorcars delivered its first medium-duty all-electric vehicle in 2014. Since then, Phoenix Motorcars continued to innovate, improving its technology, and is now providing its third-generation drivetrain that offers an industry-leading 160 miles of electric range, with four battery pack options to support various customer needs. All Phoenix Motorcars electric vehicles are built on the Ford E-450 chassis, allowing for an extensive list of cutaway body options to select, including service trucks, utility trucks, flatbed trucks, box trucks, delivery trucks, shuttle buses and school buses. The flexibility of Phoenix Motorcars’ product offering has enabled it to support a wide range of fleet customers, ranging from seaports, airports, utilities, cities, municipalities, public transit agencies, U.S. Military, parking companies, hotels, universities, college and corporate campuses and more.

 

Phoenix Motorcars is driving new innovations as it expands its portfolio of products, services, and technology, continuing on its path of success in the EV industry, including a new residential and commercial charging division, a partnership with EasyMile on autonomous technology, and the upcoming launch of new all-electric vehicles.

 

“This is a historic moment for Phoenix Motorcars. We are proud of this achievement which demonstrates the capability of our products. It does not stop here though. As a pioneer in the EV space, our strategy has always been innovation and the ability to offer end-to-end solutions for all types of customers. As we continuously meet these milestones, we are achieving our goal of supplying customers with feasible solutions in a joint effort to accelerate clean transportation,” commented Xiaofeng Peng, Chairman and CEO of SPI Energy.

 

 

About Phoenix Motorcars

Phoenix Motorcars is a leader in developing medium-duty electric vehicles for commercial markets with a primary focus on class 3 & 4 vehicles, and EV charging solutions. Phoenix Motorcars strives to provide fleets with clean transportation and renewable energy through advanced technology solutions and remains committed to excellence in electric vehicle innovation. Phoenix Motorcars offers a range of vehicle configurations, including shuttle buses, utility trucks, service trucks, flatbed trucks, walk-in vans, cargo trucks and school buses, and full range of residential and commercial EV charging solutions. For more information, please visit www.phoenixmotorcars.com.

 

About SPI Energy Co., Ltd.

 

SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors. The Company provides a full spectrum of EPC services to third-party project developers, as well as develops, owns and operates solar projects that sell electricity to the grid in multiple countries, including the U.S., the U.K., Greece, Japan and Italy. The Company has its US headquarters in Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia. SPI is also targeting strategic investment opportunities in green industries such as battery storage and charging stations, leveraging the Company’s expertise and growing base of cash flow from solar projects and funding development of projects in agriculture and other markets with significant growth potential.

For more information on SPI Energy and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.SPIgroups.com or available at www.sec.gov.

Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as may,” “might,” “will,” “intend,” “should,” “could,” “can,” “would,” “continue,” “expect,” “believe,” “anticipate,” “estimate,” “predict,” “outlook,” “potential,” “plan,” “seek,” and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s current expectations and speak only as of the date of this release. Actual results may differ materially from the Company’s current expectations depending upon a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the “Risk Factors” section of the Company’s annual report filed on Form 20-F filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.

Endera Supplies SP+ With 8 Fully Electric Shuttle Buses, Fleet Swap at San Diego International Airport

June 22, 2021

 

 

Endera Supplies SP+ With 8 Fully Electric Shuttle Buses, Fleet Swap at San Diego International Airport

 

 

 

SAN DIEGO, CA – Endera, a technology company specializing in all-electric commercial vehicles, charging infrastructure and software solutions, announced its commitment to supply SP+ with 8 fully electric shuttle buses at the San Diego International Airport to replace an older LPG fleet.

 

 

“The clean transportation revolution is occurring in San Diego with Endera’s second-ever 100% fleet swap at the San Diego International Airport and the first for an off-airport client. This fleet swap will provide four 25kW chargers and four 50kW chargers along with customized shuttles. Endera will also be supplying SP+ with Endera Go and Endera Transit platforms for full access to ridership data, fleet performance, and reporting through the customer dashboard,” said John Walsh, Endera’s Chief Executive Officer.

 

 

Endera’s fully electric customized shuttles supplied to SP+ at the San Diego International Airport

 

“I am convinced electric vehicles are the way to go. Our employees will not be spending time at the gas station. After successfully testing the shuttle buses, the switch is a no-brainer,” said Richard Abdala, facility manager of Aladdin parking garage. “Endera provided the shuttles that worked for us. They’ve got a good product, they are road tested, and we are super excited to put Endera’s buses on the road.”

 

SP+ is a technology driven mobility solutions company that sought a superior electrification partner to fit their needs in San Diego. Endera customized the shuttles to ensure a perfect fit into the Aladdin parking facility which has stringent height restrictions for its access gates. To accommodate these height restrictions, Endera commissioned a custom HVAC system to develop the exact shuttles needed. Endera partnered with SP+ throughout the entire vehicle specification process, from the design to the financing of their fleet.

 

“Having zero-emission shuttle buses picking up and dropping off customers at the airport will bring us one step closer to cleaner air and ultimately a healthier community. In addition to the custom built EV vehicles, Endera will be providing 24/7 connectivity, telematics and fleet management offerings that will help Aladdin know how the vehicles are performing, where they are located, and when they will next need a charge,” added Walsh.

 

By partnering with Endera, SP+ is forecasts savings on maintenance costs and a 60% reduction on fuel costs. SP+ will benefit from better service to their fleets with minimal downtime. The customized fleet along with ridership data and fleet performance will aid SP+ in continuing to uphold their goals by enhancing the consumer experience with superior electrification solutions. Click here to view the SP+ Testimonial Video

 

About Endera

Endera is a vertically integrated technology company specializing in commercial electric vehicles, charging stations and software solutions. We design American-made electric vehicles and provide transportation and energy services that leverage leading technologies and American manufacturing. With one of the lowest total costs of ownership over other commercial electric vehicle offerings, Endera provides sustainable solutions that rival its fossil fuel counterparts in price, technology, longevity, profitability and service. Additional information about Endera is available at www.enderamotors.com.

 

About SP+

SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom line results for their clients. SP+ provides professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, event logistics, and other technology-driven mobility solutions to aviation, commercial, hospitality, healthcare and government clients across North America. For more information, visit www.spplus.com.

 

ElectraMeccanica Begins Proposed Site Visits in Second Phase of BDO-Led Search for SOLO EV U.S. Assembly Facility and Engineering Technical Center

June 08, 2020

 

ElectraMeccanica Begins Proposed Site Visits in Second Phase of BDO-Led Search for SOLO EV U.S. Assembly Facility and Engineering Technical Center

 

VANCOUVER, British Columbia, June 08, 2020  — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, today provided an update related to its ongoing search for a U.S. based assembly facility and engineering technical center.

On February 27, 2020 the Company announced its engagement with BDO USA’s Site Selection & Business Incentives Practice (“BDO”) to lead the search. After a nationwide review of potential locations that matched ElectraMeccanica’s criteria, BDO initially identified seven candidates and sent initial requests for proposal to the chief economic development entities in each state.

Following the initial review, the Company has narrowed its list to the following five states (in no particular order): Arizona, Colorado, Florida, North Carolina and Tennessee.

The proposed new U.S. facility is expected to employ up to 250 people and feature a state-of-the art engineering technical center, including plans for multiple labs to support ongoing vehicle, chassis and power electronics testing as well as comprehensive research facilities. Collectively, the operation would be expected to meet the growing demand for SOLO EVs throughout the United States, where EVs are projected to exceed more than 30% of all passenger vehicles by 2040. In addition, the proposed new U.S.-based facility would allow ElectraMeccanica to reduce or potentially eliminate tariffs as well as benefit from logistical efficiencies.

ElectraMeccanica intends to maintain a capital-light model and begin commercial production and delivery of its flagship, single-seat, three-wheeled SOLO EV during 2020 with its contract manufacturing partner and strategic investor, Zongshen Industrial Group (“Zongshen”), in Chongqing, China. In conjunction with the proposed new ElectraMeccanica U.S. facility, Zongshen will continue to manufacture SOLO EVs for the global market, while also supplying knock-down kits for assembly in the United States.

As part of the secondary phase in the site selection process, ElectraMeccanica management will be visiting proposed sites within the remaining states during the summer of 2020 with a final decision expected by the end of the year.

Last week, at the invitation of the Arizona Commerce Authority (the “ACA”) and the Greater Phoenix Economic Council (“GPEC”), the Company toured locations in Phoenix, Mesa, Avondale and Casa Grande, Arizona.

“On behalf of the entire ElectraMeccanica team, I want to thank Sandra Watson, Chris Camacho and their teams at the ACA and GPEC as well as Arizona State University, the Arizona Public Service and Salt River Project for their hospitality as we begin the next phase of our site selection process,” said Company CEO Paul Rivera. “Going forward, we will be conducting similar visits in the remaining states before making our ultimate decision by the end of the year. We believe having a future base of operations in the United States will provide us several material benefits, including gaining access to a top-tier talent pool of engineering resources, protecting our global supply chain costs and driving increased efficiencies within our distribution processes.”

Tom Stringer, Leader for the National Site Selection & Business Incentives Practice, BDO USA, added: “Arizona is an excellent candidate-location for this project. In the last five years Arizona has quickly committed itself to developing a world-class electric vehicle ecosystem. We look forward to meeting with the other candidate cities and working to find the best partner-location for our long-term success.”

ElectraMeccanica recently provided a video update of its Arizona site visits on its Facebook page, which is available for public viewing here.

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 61 years. For more information, please visit www.electrameccanica.com.

About BDO Site Selection & Incentives
BDO’s Site Selection & Incentives practice works with clients to identify the ideal locations for new or relocating operations, analyze business climates and labor markets, and maximize economic development incentives. In the last decade they have secured over $2 Billion in state and local support for their clients, including noteworthy transportation startups, multiple Fortune 500 Corporate Headquarters, major national defense projects and several professional sports leagues.

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.

ElectraMeccanica Announces New Cost-Effective Aluminum Chassis for Flagship, Single-Occupant SOLO EV

April 07, 2020

ElectraMeccanica Announces New Cost-Effective Aluminum Chassis for Flagship, Single-Occupant SOLO EV

 

 

VANCOUVER, British Columbia, April 07, 2020  — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, has announced the engineering and development of a new, cost-effective aluminum chassis for the Company’s flagship, single-occupant SOLO electric vehicle (EV).

The new, high strength, drop-in aluminum chassis will replace the current composite chassis in the SOLO EV, making it much better suited for mass production by reducing the overall weight and per-unit assembly cost of the vehicle. ElectraMeccanica has engaged a Tier-One engineering partner with a global presence, which will provide on-the-ground support in both Canada and China.

“This project represents our continued focus on evolving the safety, comfort and design of our flagship single-occupant SOLO EV, while incorporating important cost saving advantages to improve margins in mass-production,” said Paul Rivera, Chief Executive Officer of ElectraMeccanica. “The partner we’ve selected for this project brings significant expertise in lightweight, high-strength automotive safety structures that are perfectly suited for the SOLO. We look forward to the impending launch of the revolutionary SOLO EV later this year.”

With an MSRP of $18,500, the SOLO EV is a trend-setting all-electric, single-seat vehicle expected to revolutionize the commuting, delivery and shared mobility experience. To be one of the first to own a SOLO, please reserve yours online by visiting www.electrameccanica.com.

About ElectraMeccanica Vehicles Corp.   
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles. The company’s flagship vehicle is the innovative purpose built; single-seat electric vehicle 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 61 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.

Company Contact:
Ms. Bal Bhullar, CPA, CGA, CRM
Chief Financial Officer & Director
(604) 428-7656
Bal@electrameccanica.com

Investor Relations:
Greg Falesnik
Managing Director
MZ Group – MZ North America
(949) 385-6449
SOLO@mzgroup.us
www.mzgroup.us