Board Member Mr. Juan Carlos Del Rio takes over as CEO of Inzile with immediate effect. Mr. Juan Carlos Del Rio has an international background with a broad and thorough experience from the US financial markets. His main mission will be to expand the international activity of the Inzile group, with a special focus on QEV Tech Holding, which will be renamed EVI Mobility. Mr. Juan Carlos del Rio will remain Member of the Board.

 

EVI Mobility is going to develop a new facility for the production, assembly and marketing of the 

EVI vehicle, Inzile's new platform, which will be produced in Spain, due to cost efficiency and the high existing European and Spanish subsidies. 

 

QEV Technologies has recently been assigned a EUR 105 million subsidy from the European Electromobility Program, of which the majority is non-refundable. Production of the electric light truck Pro4 will remain at Inzile's facility in Västervik, Sweden.

 

Additionally, Mr. Juan Carlos del Rio will be responsible for the area of investors and global strategy, with support of the current CFO, Mr. Peter Wergens.

 

Mr. Måns Sjöstedt will, on top of his current responsibility as Managing Director of Inzile Sweden, take on the role as COO of Inzile group internationally, as well as being responsible for operations, reporting to the CEO. 

 

Through EVI Mobility, Inzile will carry out its international expansion by the creation of EVI Country subsidiaries, with the selection of local partners. The Smart Factory model will allow assembly in each selected country, through facilities with the capacity to produce up to a maximum of 5,000 units per country and year.

 

-          In terms of Strategy, as the new CEO, who has been based in New York for many years and EVI Mobilty being internationally based, we shall bring EVI Mobility where Global Finance meets the World, and aim for the company being listed in the USA next year, says Mr. Juan Carlos Del Rio.

 

For further information, please contact:

 

Juan Carlos Del Rio, CEO Inzile, jcr@inzile.com, +46 76 138 48 82

 

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

 

 

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company's vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.

Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia's foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with head office in Stockholm, sales offices in Stockholm and in Palma, Spain, production in Västervik and R&D in Tranås, Sweden.

The Company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company's Certified Adviser.

 For further information, please visit: www.inzile.com 

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