Elio Motors signs MoU with Automotive Fortune 500 OEM to Provide Powertrain

“Elio Motors, Inc. (OTCQB: ELIO), developer of the ultra-high-mileage, low-cost three-wheel Elio vehicle, announced that they had entered into a memorandum of understanding with a Fortune 500 OEM, to provide the engine foundation as part of a new powertrain for the Elio vehicle. Elio currently projects that the new powertrain will result in $120 million in research and development cost savings. The company is working with the engineering team at Roush to develop a new Elio prototype employing the OEM powertrain.” [link]

Personally I think this is a smart move. The engine will likely have twice the horsepower Elio was projecting for their engine, so with the light weight of the Elio, that should make the car (or autocycle, if you prefer) very quick. Secondly, it should allow Elio to bring the car to to market more quickly, which is a bonus considering how long we’ve all been waiting. Third, if it’s coming from an established automotive manufacture, the engine should be more reliable.

There’s some speculation that the engine could be coming from Ford, since they’re mostly getting out of the automotive business. An Ecoboost 1.0 L turbo would be nice in the Elio, wouldn’t it?

Read more at https://www.eliomotors.com/a-powertrain-press-release/.

Electra Meccanica Announces Collaboration with 7-Eleven Canada

ElectraMeccanica Vehicles Corp., a designer and manufacturer of electric vehicles, announced today that it will work with 7-Eleven, Inc., the world’s largest convenience retailer, to take to the streets of Vancouver, British Columbia, with two of its all-electric, single-passenger SOLOs. The new-to-market, three-wheel electric vehicles will be used to promote 7-Eleven’s delivery service, saving customers’ time while helping the environment. This exciting new collaboration has the potential to expand in the future.

For more information see https://www.prnewswire.com/news-releases/electra-meccanica-announces-collaboration-with-7-eleven-canada-300706779.html.

Solo electric three-wheeler coming to the US this fall

Here’s an article describing how the Solo EV is coming to the US this fall. It’s a shame Electra Meccanica is prioritizing the US over Canada, but I understand why. More people equals more potential sales plus the weather in much of the states is more conducive to the EVs, particularly for the battery charging and discharging cycles.

Featured image courtesy of http://www.emvauto.com/