Potential quality issues, and an unsolvable recall mean that ElectraMeccanica is starting over car auto cars ⬇️
and, between 2019 and 2023, 429 found their way onto the road. ElectraMeccanica also has another 800 unsold units that, with an MSRP of $18,500 each, have a total value of $13.8 million in unrealized sales.ElectraMeccanica turned to China’s Zongshen for early production help with the Solo and has said it may raise claims against it due to production-related defects. It’s unclear if those issues specifically led to the recall, though.
Despite the financial outlay, ElectraMeccanica still has enough cash flow to get it through the next 12 months. It also plans to produce vehiclesadvertisement scroll to continue It will also work on introducing a four-wheel model to its lineup. The new design should help get around issues owners had with insuring their vehicles, and should make them qualify for federal EV tax credits, something the three-wheel Solo was excluded from.
“The mission of the company when I started it was to close the last gas station,” said Jerry Kroll, ElectraMeccanica’s co-founder and director. “If it has two wheels, three wheels, four wheels or 18 wheels, if it’s electric and not a fossil-fuel combustion engine, I couldn’t be more thrilled.” The company will also shut down InterMeccanica, a related company that made high-quality replicas of the
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