Auga Group AB presented its AUGA M1 hybrid tractor for professional use at a media event held on 8 February 2023. During the event, the next phase in the development of the AUGA M1 hybrid tractor was presented. In light of the market reaction, the Company hereby informs on the planned further stages of the hybrid tractor AUGA M1 development: in 2023, the Company is going to continue growing its unit of agricultural innovations and technologies, which is both improving tractor AUGA M1 and taking care of its serial production, as well as is creating and developing other technologies for agriculture; it is planned that at the end of QI 2023 and at the start of QII 2023, the stage of testing tractors AUGA M1 of the first production batch, where different components are used, will be started in farms; the stage of farm testing of tractors AUGA M1 is going to be completed in QIII 2023, and the testing results should lead to choosing a combination of solutions to be used in the production of tractors AUGA M1, that gives the best result during production tests.

The company plans to start mass production of tractors AUGA M1 by the end of 2023.