FUV - Arcimoto reports highest vehicle production quarter in company's history

• Arcimoto ( NASDAQ: FUV ) produced 102 vehicles in Q2, the highest vehicle production quarter in company’s history.
• It delivered 41 customer vehicles and produced 41 vehicles for commercial pilot programs and marketing use.
• The company also produced 20 rental vehicles, and now totals 109 rental vehicles across Arcimoto rental locations and partner rental locations.
• “Despite production stalls due to supply chain issues, the relocation of battery production facilities, and the certification of new battery modules, the second quarter was our best production quarter in company history,” said Arcimoto Founder and CEO Mark Frohnmayer. “We continue to target 1,000 vehicles produced for the year.”
• Additionally, Tilting Motor Works produced 40 TRiO three-wheel conversion kits and completed delivery of 35 TRiO kits to customers, also the highest production quarter in Tilting Motor Works history.
• “Tilting Motor Works has grown substantially with Arcimoto and we look forward to setting more records, be it sales records or land-speed records, in the years to come,” said Bob Mighell, Arcimoto Chief Tilting Officer.
• Shares up 2% PM. Since the start of 2022, FUV plunged more than 60% .
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