Canadian Electrical Industry News Week

Electra Meccanica

November 16, 2017

With a growing demand for non-polluting, energy efficient vehicles, ElectraMeccanica Vehicles Corp. (OTCQB: ECCTF), a leading Canadian-based designer and manufacturer of electric vehicles, announced today combined corporate and retail orders amounting to 120,880 of its SOLO models and 39,642 Tofino models, totalling $4.38 billion (CAD) in anticipated purchase price value.*

With a mission to revolutionize the way people drive, Electra Meccanica designs and manufactures the SOLO (Retail: $19,888 CAD / $15,500 USD), an electric single passenger vehicle, and the Tofino (Retail: $50,000 CAD / $40,000 USD), a classic sports vehicle with today's technology. Both models use clean energy and feature a high-performance drivetrain as well as a lightweight composite body.

"It's clear that there is a healthy appetite for electric vehicles among the masses," said Jerry Kroll, Electra Meccanica CEO. "It's our job to release the proven potential of our products to these consumers at an affordable price point. In the coming years, we anticipate that our vehicles will be the ubiquitous electric vehicle."

The Company's orders have jumped from 44,047 vehicles combined as of September 14th, totalling $1.604 billion (CAD) in anticipated purchase price value. All retail orders of the SOLO require a $250 refundable deposit, while the Tofino orders require a $1,000 refundable deposit. Corporate orders require a Letter of Intent and all orders are non-binding. The company has received 14 Letters of Intent from corporate orders worldwide, including six from North America, six from Asia and two from Europe.

"The numbers don't lie: there is tremendous confidence in our products, from both the corporate and consumer standpoint," Kroll added. "Electra Meccanica is truly at the threshold of unleashing the next generation of affordable electric vehicles."

Currently producing at its Vancouver, British Columbia facility, by virtue of its manufacturing agreement with Zongshen Industrial Group Co. of China, the company expects larger scale production of the SOLO to begin by the end of the first half of 2018 in order to meet current and expected purchases. On October 2, 2017, the Company announced a manufacturing agreement with Zongshen to produce 75,000 all-electric vehicles over the next three years. 


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Therefore, we want your insight on the biggest challenges or issues you face when installing loadcentres, breakers (CAFI, GFI's…) and other surge protection devices. We ask that you do not provide product specific details but rather your general issues and concerns or any questions that have come to mind while working with these product types. Provide us with your valued expert insight into the issues you have faced so manufacturers can better inform you about the installation and use of these products. Lets generate some discussion that will help guide the Industry.

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ABB PortalThe ABB eFinder portal simplifies the process of locating inventory from ABB’s selection of products used for connection and transmission of electrical power. Customers may now search online for ABB Installation Products and can purchase them from the distributor who has the products in stock. Once the product is located, the customer may buy it from the distributor by connecting directly to the distributor’s e-commerce page and placing the products in an online shopping cart for the final purchase transaction.

 

 

 

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