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 April 14, 2023, ElectraMeccanica Vehicles Corp. (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, provided an update on its previously announced safety recall for the SOLO (G3/G2), model years 2019, 2021-2023. Approximately 429 vehicles are involved in this recall.
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.
The recall remedy available is vehicle repurchase (buyback), for the full price paid including taxes, fees and shipping. ElectraMeccanica will work directly with customers to complete the vehicle repurchase process, free of charge. Reservation holders will be issued a refund.
For further comment, see https://ir.emvauto.com/Quality-and-Safety-Update.
CEO Letter
Quality and Safety Update
Having worked diligently since initiating a voluntary recall on February 17, 2023 of our SOLO (G3/G2) to investigate a possible loss of propulsion in 2019, 2021-2023 models, ElectraMeccanica today announced we would remedy the issue with a buyback.
You can find general information on this remedy in today’s news release https://ir.emvauto.com/Electrameccanica-Updates-Voluntary-Recall-of-Solo-G3-and-G2-Announces-Buyback-Remedy. Customers will be contacted directly with regard to their specific buybacks, as ElectraMeccanica continues to operate in full compliance with NHTSA regulations.
We look forward to working with our customers to ensure this is as smooth a process as possible.
We urge any customers who have questions or notice any issues whatsoever to contact our Customer Service Line at 1-855-524-6693; or email at recalls@electrameccanica.com or submit information via the following form: https://recal-form.vercel.app/.
Sincerely,
Susan E. Docherty, ElectraMeccanica CEO
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A copy of the News Release is attached as Exhibit 99.1 hereto, and a copy of the CEO Letter is attached as Exhibit 99.2 hereto.
Item 9.01 | Financial Statements and Exhibits |
(d) | Exhibits |
Exhibit | Description | |
99.1 | News Release dated April 14, 2023. | |
99.2 | CEO letter dated April 14, 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: April 14, 2023 | By: | /s/ Michael Bridge |
Michael Bridge | ||
General Counsel and Corporate Secretary |
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