MOKE International, strategic partner of EV Technology Group, opens order books for the … | New

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  • EV Technology Group’s strategic partner, MOKE International, announced that the Electric MOKE Californian is now available to order on MOKE International’s new US website with prices starting at $41,900.
  • Refundable reservation fee of $990 guarantees customers a construction window
  • Sales of the US-exclusive electric MOKE Californian are limited to 325 cars per year
  • Bespoke design elements include an exclusive re-imagining of the original “California” insignia
  • MOKE International owns the original 1964 MOKE brand – the Electric MOKE Californian is the first official MOKE vehicle to go on sale in the United States since 1982
  • The Electric MOKE Californian is the only highway-legal MOKE vehicle for sale in America with a top speed of 50 mph (80 km/h)

TORONTO, Nov. 08, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that its strategic partner MOKE International Limited (“MIL” or “MOKE International”) has launched a new dedicated website US customers seeking a build location, with pricing starting at $41,900. After announcing its return to America after 40 years, MOKE International has already generated strong interest in California’s new MOKE electric.

US sales will be limited to 325 cars per year under the 2015 Low-Volume Motor Vehicle Manufacturers Act. After seven years of lobbying by the Specialty Equipment Market Association (“SEMA”), the National Highway Traffic Safety Administration (“NHTSA”) has enacted legislation that allows heritage brands to produce derivatives of any any of their models that are over 25 years old but meet current federal safety standards for motor vehicle equipment.

The new Electric MOKE Californian is a faster, more powerful and, most importantly, emission-free revitalization of the original car sold in America between 1977 and 1982. The Electric MOKE Californian accelerates from 0 to 34 mph (55 km/h) in 4.3 seconds, while its gasoline-powered ancestor achieved the same sprint in around 6.3 seconds. The power increases from 39 hp to 44 hp.

This limited-run version – only available for purchase in the US – also features bespoke styling cues such as the “Californian” badge and specially designed MOKE logos.

Isobel Dando, CEO of MOKE International, said: “Interest in the Electric MOKE Californian since we announced its return has been huge, although this is perhaps not surprising given the car’s popularity. of origin. We are excited to once again be able to offer US customers a genuine MOKE vehicle.

Wouter Witvoet, CEO and Founder of EV Technology Group, said, “Without a doubt, the Electric MOKE Californian will weather a storm when it returns to its home territory. Ever since EV Technology Group began working with MOKE International, the number one question from North American investors has been “when can we buy one?”, so I’m confident the building slots will soon be at full capacity.

Hand-built in the UK, the Electric MOKE Californian has a range of up to 80 miles (120 km)* – enough to cover Route 101 to Malibu Beach from Santa Barbara – and a top speed of 50 mph (80 km/h), making it legal to drive on the highway. It’s the first time a highway-legal version of the Mini Moke has gone on sale in America. A full charge takes four hours on a US Type 1 charger.

Much like the Electric MOKE which is on sale in Europe, the Electric MOKE Californian is a reimagining of the 1964 Mini Moke – MOKE International owns the original British Motor Corporation MOKE marks from 1964 and is recognized in over 100 jurisdictions in as the owner of the MOKE brand. .

Since its birth, the Mini Moke has become an icon of fun and freedom, loved for decades in coastal regions such as the French Riviera thanks to its open-top design and go-anywhere attitude. Using an electric powertrain, the Electric MOKE and Electric MOKE Californian now play a role in keeping these beautiful places clean. MOKE International is the first car brand of the 1960s to go 100% electric.

* Subject to Globally Harmonized Light Vehicle Test Procedure testing

Media

Rachel D’Amore

[email protected]

+1519-564-9850

Investor Relations

David Gentry

[email protected]

+14074914498

EV Technology Group

Wouter Witvoet

CEO and Chairman of the Board

[email protected]

About the EV Technology Group

EV Technology Group was founded in 2021 with a vision to electrify iconic brands – and a mission to redefine driving pleasure in the electric age. By acquiring iconic brands and bringing beloved automotive experiences into the electric age, EV Technology Group is advancing the electric vehicle revolution. Supported by a diverse team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience – acquiring and partnering with iconic brands with significant growth potential in unique markets and controlling end-to-end capabilities. To learn more, visit: https://evtgroup.com/

About MOKE International

MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles in the world. The marque was acquired from Casti SpA and derives from the original British Motor Corporation registration in 1964. The MOKE is a revitalized and redesigned version of the iconic Mini Moke which was originally designed by the legendary Sir Alec Issigonis, the designer of the Mini 1959, and launched in 1964. The Mini Moke was created as an inexpensive and easy to use product. for servicing recreational and utility vehicles, but it quickly gained cult status in fashionable resorts such as the French Riviera and the Caribbean. It was driven by The Beatles, Bridget Bardot and James Bond. MOKE International has brought the Mini Moke into the modern era by incorporating advanced riding technologies, including full electric power, while staying true to the iconic design that made it a global hit in the 1960s. their legacy, the MOKEs are today designed and built in Northamptonshire, England.

Production takes place in a state-of-the-art 500,000 square foot facility owned and operated by UK automotive manufacturing services company, Fablink Group.

Forward-looking information

This press release contains forward-looking statements, including, but not limited to: the implementation of the Small Volume Motor Vehicle Manufacturers Act 2015, the receipt of procedural testing approval harmonized light-duty vehicles in the world, specifications and consumer demand for the California electric MOKE or the price of the California electric MOKE. Often, but not always, these forward-looking statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “presumed”, “projected”, “used”, “detailed”. ‘, ‘has been’, ‘gains’, ‘planned’, ‘reflecting’, ‘will’, ‘contains’, ‘remaining’, ‘to be’, or statements that events ‘could’ or ‘should’ occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from the results, performance or achievements expressed or implied by the statements. forward-looking statements, including those factors discussed under “Risk Factors” in the Company’s Filing Statement, Annual Information Form and Base Shelf Prospectus. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause the actions, events or results differ from those anticipated, estimated or expected.

Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied by the forward-looking statements. These factors should be carefully considered and readers should not place undue reliance on forward-looking statements. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, unless the law requires it. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO EXCHANGE ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/884723a3-9125-4267-aa76-0c602a68aba4

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