UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 7.01 | Regulation FD Disclosure |
News Release
On February 17, 2023, ElectraMeccanica Vehicles Corp. (the “Company” or “ElectraMeccanica”) issued a news release announcing that it will voluntarily recall approximately 428 SOLO (G3) vehicles, model years 2021, 2022 and 2023.
While driving, the vehicle may experience a loss of propulsion. An instrument cluster warning light illuminates, and the driver will experience a loss of power as the vehicle decelerates as if removing their foot from the accelerator pedal. Steering, braking, and lighting systems are not impacted. The vehicle can be restarted after a short period of time. In the event of sudden loss of propulsion, the vehicle maintains all other critical functionality including power steering, braking, and lighting, and in most instances allows the driver to pull over. However, due to the unexpected loss of propulsion, there may be an increased risk of crash, albeit the Company has not received any reports of injuries or crashes.
For more information please visit: https://ir.emvauto.com/emotion/blog-details/2023/Prioritizing-Quality-and-Safety/default.aspx
A copy of the news release is attached as Exhibit 99.1 hereto.
CEO Letter
With the news release is linked a letter from the Company’s Chief Executive Officer (the ‘CEO), which CEO letter provides as follows:
“At ElectraMeccanica, safety and quality are a top priority. That is why today we have announced a voluntary recall of the SOLO (G3) vehicle.
Protecting our customers and their ability to drive our unique EV both safely and enjoyably is of importance to us. That is why, out of an abundance of caution, we have also paused deliveries and sales of the SOLO while we investigate this issue.
Specifically, while driving, the vehicle may experience a loss of propulsion. An instrument cluster warning light illuminates, and the driver will experience a loss of power as the vehicle decelerates as if removing their foot from the accelerator pedal. Steering, braking, and lighting systems are not impacted. The vehicle can be restarted after a short period of time. In the event of sudden loss of propulsion, the vehicle maintains all other critical functionality including power steering, braking, and lighting, and in most instances allows the driver to pull over. However, due to the unexpected loss of propulsion, there may be an increased risk of crash, albeit the Company has not received any reports of injuries or crashes.
We urge any customers who have questions or notice any issues whatsoever to contact our Customer Service Line at 1-888-457-SOLO (7656) when prompted select “1” and select “1” again; or email at service@electrameccanica.com.”
A copy of the Company’s CEO letter is attached as Exhibit 99.2 hereto.
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Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit |
Description | |
99.1 | News Release dated February 17, 2023. | |
99.2 | CEO letter dated February 17, 2023. | |
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ELECTRAMECCANICA VEHICLES CORP. | ||
DATE: February 17, 2023. | By: | /s/ Mark Orsmond |
Mark Orsmond | ||
Chief Financial Officer |
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