“ElectraMeccanica Vehicles Corp. (OTCQB: ECCTF) announced today that it has signed a manufacturing agreement with Zongshen Industrial Group Co., Ltd to produce 75,000 SOLO all-electric vehicles over the next three years. Specifically, the plan calls for the production of 5,000 SOLOs in 2018; 20,000 in 2019; and 50,000 in 2020. This agreement pairs one of the world’s leading industrial manufacturing conglomerates with a preeminent and forward-thinking company in Electra Meccanica.”
See Stock Market QuotesAt the rate things are going, my Solo might be built in China.
EMV has produced only a few units in North America and safety certification seems to be the bottleneck. In China, millions are using gasoline scooters. Solo could be a step up and away from petroleum. It’s all good.