ElectraMeccanica Getting Strong Interest from Expanded Retail Locations, Nears Choice on U.S. Assembly Facility and Announces Q1 “SOLO Drive Trip” – Stockhouse

28December 2020

VANCOUVER, British Columbia, Dec. 28, 2020 (GLOBE NEWSWIRE)– ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Business”), a designer and producer of electrical cars, today provided an update on the opening of 6 (6) new retail areas this previous Fall. In addition, Business management has released a status report concerning its decision on the site search for a U.S.-based assembly and engineering technical center. ElectraMeccanica is also announcing an early-adopter test drive program called the” SOLO Drive Trip” as part of the growth of its continuous incorporated marketing project.

Considering That October, ElectraMeccanica has opened 6 (6) new retail areas in: San Diego, CA; Brea, CA; Scottsdale, AZ; Glendale, AZ; Santa Clara, CA and Walnut Creek, CA. All retail storefronts are fully operating and have actually broadened the Business’s existing footprint from 4 (4) to 10 areas in 5 (5) key markets with more announcements planned for 2021.

“We have actually been encouraged by the success of our continuous retail awareness project and the extremely favorable response from consumers, especially in our new areas,” stated Rivera. “The strong early efficiency we’re seeing speaks with a preparedness in the wider market for the SOLO as a service that resolves city driving challenges. As we emerge from the pandemic, we believe the SOLO is uniquely positioned to offer owners a safe, trusted and completely self-contained transportation alternative.”

The Business is also supplying a status report concerning its decision for a U.S. assembly center and engineering technical center location.

Rivera included: “Concerning our site choice decision for an assembly plant, representatives from the 2 finalist areas in Tennessee and Arizona have actually been overwhelming in their enthusiasm for this job,” included Rivera. “Their detailed strategies to develop the SOLO ecosystem have actually provided us with interesting chances that we continue to assess with the most recent updated propositions being received as recently as recently. Among the key considerations in making this decision is to ensure for the practicality and assistance for our general vision of a SOLO ecosystem and pilot test program. Our ultimate choice will suggest a long-term commitment for both sides. We look forward to making an official announcement early in the new year and value the perseverance and consideration of all interested celebrations while we work to do so.”

As previously revealed, the Business has been introducing multi-channel and extensive new marketing initiatives planned to boost awareness of the ElectraMeccanica brand name and the SOLO EV. As part of a more comprehensive project that will be introduced in the very first quarter of 2021, the Business will debut their exclusive early adopter” SOLO Drive Trip.” The invitation-only occasions in chosen markets will consist of individualized test-drives for early appointment holders to offer these very first consumers with the opportunity to look, see and “Drive SOLO.” These presentations, which will be conducted in accordance with all regional COVID-19 safety protocols, will be hosted at new and existing retail areas consisting of a kickoff occasion set up for Scottsdale, AZ in January followed by occasions at California and other areas later on in the quarter topic to regional and state federal government orders.

The SOLO is a purpose-built, three-wheeled, all-electric service for the city environment. Engineered for a single resident, it provides a distinct driving experience for the environmentally mindful customer. The SOLO has a series of 100 miles and a top speed of 80 miles per hour, making it safe for highways. The SOLO features rear and front crumple zones, side effect protection, roll bar, torque-limiting control, in addition to power steering, power brakes, a/c and a Bluetooth home entertainment system. It blends a modern-day appearance with safety features at an available cost point of $18,500. The SOLO is presently offered for pre-orders at https://electrameccanica.com/product/solo-reservation/.

About ElectraMeccanica Vehicles Corp.ElectraMeccanica Vehicles Corp.(
NASDAQ: SOLO)is a Canadian designer and producer of environmentally effective electrical cars(EVs). The business’s flagship lorry is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled lorry will reinvent the city driving experience, consisting of commuting, delivery and shared movement. The SOLO provides a driving experience that is unique, stylish, enjoyable, affordable and environmentallyfriendly. InterMeccanica, a subsidiary of ElectraMeccanica, has successfully been constructing high-end specialized cars for 61 years. To learn more, please go to www.electrameccanica.com. Safe Harbor Statement Other than for the statements of historical truth included herein, the details provided in this press release and oral statements made from time to time by representatives of the Business are or may make up”forward-looking statements” as such term is utilized in applicable United States and Canadian laws and consisting of, without constraint, within the significanceof the Personal Securities Lawsuits Reform Act of 1995, for which the Business claims the protection of the safe harbor for forward-looking statements. These statements associate with analyses and other details that are based on projections of future outcomes, estimates of amounts not yet determinable and assumptions of management. Any other statements that reveal or involve discussions with respect to forecasts, expectations, beliefs, strategies, forecasts, goals, assumptions or future occasions or efficiency (typically, but not constantly, utilizing expressions or words such as”anticipates”or”does not anticipate “,”is anticipated”,”prepares for”or”does not anticipate”,” strategies”,”estimates”or”plans”, or stating that certain actions, occasions or outcomes “may”,”might “, “would”,”may” or”will”be taken, take place or be accomplished)are not statements of historical truth and should be deemed forward-looking statements. Such forward-looking statements involve understood and unknown dangers, uncertainties and other aspects which may trigger the real outcomes, efficiency or accomplishments of the Business to be materially various from any future outcomes, efficiency or accomplishments expressed or implied by such forward-looking statements. Other aspects and such dangers consist of, to name a few, the schedule of capital to fund programs and the resulting dilution brought on by the raising of capital through the sale of shares, mishaps, labor conflicts and other dangers of the automobile industry consisting of, without constraint, those related to the environment, hold-ups in getting governmental approvals, permits or funding or in the conclusion of development or building and construction activities or claims constraints on insurance protection. The Business has tried to recognize crucial aspects that might trigger real actions, occasions or results to differ materially from those described in forward-looking statements, there may be other aspects that trigger actions, occasions or results not to be as prepared for, approximated or planned. There can be no assurance that such statements will show to be accurate as real outcomes and future occasions might differ materially from those prepared for in such statements. The Business thinks that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can offer no assurance that its expectations will be accomplished. Positive details undergoes certain dangers, patterns and uncertainties that might trigger real outcomes to differ materially from those projected. Much of these aspects are beyond the Business’s ability to control or anticipate. Essential aspects that may trigger real outcomes to differ materially which might impact the Business and the statements included in this press release can be found in the Business’s filings with the Securities and Exchange Commission. The Business assumes no obligation to upgrade or supplement any forward-looking statements whether as a result of new details, future occasions or otherwise. Accordingly, readers should not put excessive reliance on forward-looking statements included in this press release and in any document referred to in this press release. This press release will not make up an offer to sell or the solicitation of an offer to buy securities. Business Contact Ms. Bal Bhullar, CPA, CGA, CRM Chief Financial Officer & Director(604)428-7656!.?.!Bal@electrameccanica.com!.?.! Financier Relations Contact Gateway Financier Relations Matt Glover and Tom Colton (949)574-3860!.?.!SOLO@gatewayir.com!.?.! Public Relations Contact Amy Pandya R&CPMK(310)967-3418!.?.!amy.pandya@rogersandcowanpmk.com!.?.! Source: stockhouse.com

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