ELECTRAMECCANICA VEHICLES CORP.

(SOLO)
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Delayed Nasdaq  -  04:00 2022-06-24 pm EDT
1.350 USD   -6.90%
06/21ELECTRAMECCANICA VEHICLES : NOTICE AND ACCESS NOTIFICATION TO SHAREHOLDERS ANNUAL GENERAL MEETING - Form 6-K
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ElectraMeccanica to Attend SEMA Show in Las Vegas - Form 6-K

10/26/2021 | 02:36pm EDT

ElectraMeccanica to Attend SEMA Show in Las Vegas

Company to Enhance Brand Visibility at World's Leading Automotive Trade Event

VANCOUVER, British Columbia, Oct. 25, 2021 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, today announced the Company will attend the Specialty Equipment Market Association (SEMA) Show taking place November 2-5, 2021 at the Las Vegas Convention Center.

The ElectraMeccanica booth #12471 will be located in the North Hall next to SEMA Electrified, displaying a stock version of its flagship, single-seat SOLO EV on the event floor in addition to two custom SOLOs.

The annual SEMA Show is the world's leading automotive trade event bringing together manufacturers and buyers in every segment of the automotive industry, from hot rods and off-roads, to mobile electronics and collision repair.

"We are looking forward to attending the annual SEMA Show, a truly unrivaled event that brings together every segment of the automotive industry," said Kevin Pavlov, CEO of ElectraMeccanica. "EVs are a relatively new introduction at SEMA, and this year's 'SEMA Electrified' topic will highlight our rapidly growing segment.

"We intend to showcase our flagship EVs to SEMA attendees, illustrating where electrification is steering the future of their industry. I look forward to this exciting opportunity to further enhance our brand visibility amongst the largest players in the industry, helping to create sustainable, long-term value for our shareholders," concluded Pavlov.

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. The SOLO has a range of 100 miles and a top speed of 80 mph, making it safe for highways. 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. The SOLO is currently available for pre-orders here. 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 Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian securities laws. 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 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 "anticipates", "estimates", "projects", "expects", "contemplates", "intends", "believes", "plans", "may", "will", or their negatives or other comparable words) 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 prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. 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. 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. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the "SEC") (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Investor Relations Contact

Lucas A. Zimmerman
Director
MZ Group - MZ North America
(949) 259-4987
SOLO@mzgroup.us
www.mzgroup.us

Source: ElectraMeccanica Vehicles Corp.

Released October 25, 2021

Disclaimer

Electrameccanica Vehicles Corp. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 18:35:02 UTC.


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Financials
Sales 2022 15,0 M 11,6 M 11,6 M
Net income 2022 -81,1 M -62,8 M -62,8 M
Net cash 2022 206 M 159 M 159 M
P/E ratio 2022 -2,43x
Yield 2022 -
Capitalization 207 M 160 M 160 M
EV / Sales 2022 0,09x
EV / Sales 2023 0,20x
Nbr of Employees 222
Free-Float 90,4%
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Number of Analysts 3
Last Close Price 1,35 $
Average target price 9,50 $
Spread / Average Target 604%
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Managers and Directors
Kevin Pavlov President, Chief Executive Officer & Director
Baljinder K. Bhullar Chief Financial Officer, Co-Secretary & Director
Steven Andrew Sanders Independent Director
Joseph R. Mitchell Chief Operating Officer
Isaac Moss Co-Secretary & Chief Administrative Officer
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