PRESS RELEASE : fox e-mobility introduces highly integrated mini construction kit for the upcoming MIA - the ,skateboard'

DGAP-News: fox e-mobility AG / Key word(s): Product Launch fox e-mobility introduces highly integrated mini construction kit for the upcoming MIA - the ,skateboard' 2021-08-23 / 07:30 The issuer is solely responsible for the content of this announcement.

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European e-manufacturer with new platform for small car segment

fox e-mobility introduces highly integrated mini construction kit for the upcoming MIA - the ,skateboard' . Integration of central elements of leading e-technologies in one floor platform . Intelligent floor assembly with functions for autonomous driving, various drive technologies and modelvariants . High cost efficiency through modularity, mass production, material selection and high applicationflexibility . Proven and tested modular concept ensures efficient and fast market access . 'Skateboard' as another important step on the way to the market launch of the new MIA family of electriccars in Europe

Munich, 23 August 2021. fox e-mobility AG (ISIN: DE000A2NB551), a European electric vehicle company that specializes in the production, marketing, and further development of compact electric cars in the lower price segment, presents the new platform concept for the entire family of their battery-powered micro-vans. By integrating all the important technologies of modern electric cars, the upcoming MIA now has an innovative and efficient new kit. The concept called 'Skateboard' is based on a robust, crash-proof and recyclable substructure, which is mainly made of steel. It is designed to integrate all the performance and intelligence of a competitive electric car. The substructure itself is flexible usable for different wheelbases and ground clearances, but the central seating position of the driver is always the same. Further advantages are the simple production method in large numbers, the inexpensive repair strategy, and the integration options for standard parts. The platform allows several derivatives of the MIA product family such as shorter or longer models for three or four passengers or small delivery vans for urban centers with a volume of 1500 liters. This enables fox to achieve a high level of cost efficiency. The installation options for the battery (a second battery can be installed or retrofitted) and the drive unit on the rear axle with an output of approx. 40 to over 100 kW are based on the principle of modularity. A front motor with 30 kW output can also be installed. The platform is open to technology and prepared for the installation of a fuel cell. In the field of intelligent technology, the skateboard has its own software ecosystem that can be updated online ('over the air') and communicate with other services. It already has level 2+ for autonomous driving. Levels 3 and 4 are prepared in the architecture. Dr. Christian Jung, CTO of fox e-mobility explains: 'With the new skateboard, we have an innovative modular concept that competes excellently in terms of costs, performance, technology and market flexibility. It is another significant step on our consistent path to the planned market launch of the MIA in 2023.' About fox e-mobility AG fox e-mobility AG is a European electric vehicle company that specializes in the production, marketing, and further development of compact electric cars in the lower price segment for both, individual passenger transport as well as logistical applications. The new MIA model is to be manufactured in Europe in cooperation with well-known suppliers to the electrical and automotive industries. The management team consists of seasoned managers and engineers from the world's largest automotive groups who have in-depth expertise and a comprehensive network for electro-mobility. For more information, please visit http://www.fox-em.com. contact fox e-mobility AG [e-mail] press contacts: Dr. Walter Glogauer Glogauer & Company Communications Phone [phone] Email [e-mail] Jan Hutterer Kirchhoff Consult AG Phone [phone] Email [e-mail]

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2021-08-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      fox e-mobility AG 
              Herzogspitalstraße 24 
              80331 München 
              Germany 
Internet:     www.fox-em.com 
ISIN:         DE000A2NB551 
WKN:          A2NB55 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg 
EQS News ID:  1228017 
 
End of News   DGAP News Service 
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1228017 2021-08-23

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1228017&application_name=news

(END) Dow Jones Newswires

August 23, 2021 01:30 ET (05:30 GMT)