EVTG EV Technology Group Ltd

EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that its wholly owned subsidiary MOKE France SAS (“MOKE France”), and it’s strategic partner MOKE International Limited (“MIL” or “MOKE International”) have received 423 customer orders for the Electric MOKE – the EV revival of the iconic classic vehicle brand.

The MOKE has achieved its 423 orders primarily from ‘direct-to-consumer’ sales, with most customer purchases occurring online at https://mokeinternational.com/. MOKE orders in France require a deposit payment of €8,000 - €10,000, with balances to be paid upon vehicle delivery, while orders in the UK and Caribbean require deposits of £990. The Electric MOKE has a starting/base price from £29,150 in the United Kingdom excl. VAT, or €29,000 in France incl. VAT.

In addition to our online direct-to-consumer sales, customers have been able to experience and order the MOKE in-person from the brand flagship Casa MOKE in Saint-Tropez, and at brand activations such as MOKE’s appearance at Le Bon Marche, one of Paris’ most exclusive and historic retailers.

The Electric MOKE, available to order from https://mokeinternational.com/

Wouter Witvoet, CEO of EV Technology Group said, “It is a testament to the enduring brand equity of the MOKE that for every MOKE leaving Fablink’s production facility there is a customer waiting for their car. It is exciting to see the popularity of this iconic brand only grow as we look to make the MOKE available in more destinations worldwide.”

Isobel Dando, CEO of MOKE International said, “Our focus on marketing direct-to-consumers has allowed us to tell the story of the MOKE with engaging, authentic content and build lasting customer relationships. This milestone is just the beginning of the MOKE International team’s growth journey.”

EV Technology GroupEV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified 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/

MOKE MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited (“MOKE International”) in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. MOKE France is the official French licensee. For more information visit: https://mokeinternational.com

EV Technology GroupWouter WitvoetCEO and Chairman of the Boardwouter@evtgroup.com   

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to: the sales and deliveries of Electric MOKEs and the business and strategic plans of the Company. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “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 which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement and the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon 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, except where required by law. There can be no assurance that these 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 STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a7cef208-0391-4c4d-bb15-469aeae540b7