BC electric car maker lands manufacturing deal
- October 2, 2017
ElectraMeccanica Vehicles Corp., an electric car designer and manufacturer based in Vancouver, BC, has signed a manufacturing agreement with Chinese firm Zongshen Industrial Group Ltd., a diversified investment holding group involved in industrial equipment manufacturing, real estate, automobile sales, financial and mining businesses.
ElectraMeccanica will produce 750,000 SOLO all electric vehicles over the next three years. The plan calls for the production of 5,000 SOLOs in 2018, 20,000 in 2019, and 50,000 in 2020.
"Renewable, clean energy-powered and Artificial Intelligence-driven transportation is the direction of the strategic transformation of Zongshen Industrial Group Co., Ltd. We are pleased to work and move forward together with Electra Meccanica, and are confident about our ability and capacity to reach this goal", says Hu, the CEO of Zongshen Industrial Group.
"We are thrilled that Zongshen has joined us in leading the clean energy charge and partnered with us in the production of our innovative, new SOLO," adds Jerry Kroll, CEO, ElectraMeccanica Vehicles Corp. "We have thousands of orders on the books and we now have the manufacturing capacity to begin filling these orders for our customers."
The SOLO made its world debut in 2016 and to date has amassed combined corporate and retail orders totaling over 20,000 units, representing close to $400 million CAD in anticipated purchase price value. The SOLO's unique design is powered by a 16.1 kWh lithium-ion battery and the drive system is tuned for both speed and mobility. It has a range of 160 km (100 miles), and a top speed of 130 kph (80 mph).