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Elio Motors Completes First E-Series Test Vehicle; Company Takes Critical Step Toward Commercial Production
Elio Motors Completes First E-Series Test Vehicle; Company Takes Critical Step Toward Commercial Production.
About this update from Elio Motors Inc
[{"type":"text","content":"\n\n\n\nElio Motors Completes First E-Series Test Vehicle; Company Takes Critical Step Toward Commercial Production\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nElio Motors Completes First E-Series Test Vehicle; Company Takes Critical Step Toward Commercial Production\nEngineering team, supplier partners to use E-Series for aerodynamics, safety, durability testing\nPR Newswire\nLIVONIA, Mich., June 30, 2016\n\n\n\nLIVONIA, Mich., June 30, 2016 /PRNewswire/ -- Elio Motors, Inc. (OTCQX: ELIO), the start-up vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $6,800, today announced the completion of its first E-Series testing vehicle, one of the company's most important milestones in its march toward production.\n\n\nThe first E-Series vehicle, code-named the E1A, was unveiled here today in front of a crowd of more than 200 automotive supplier executives and engineers, each with a key role in the long-term development of Elio Motors. As Elio Motors continues to develop the E-Series vehicles, its supplier and engineering teams will put the vehicles through a battery of tests that will help refine and finalize the overall design prior to final production.\n\n\"This is another banner day in Elio Motors' history, as we continue to achieve important objectives, one after another,\" said company founder and CEO Paul Elio. \"The completion of the first E-Series vehicle signals the launch of another critical phase in our journey. The real-world performance data that we gather through the E-Series testing will allow our team to make final adjustments prior to tooling up for production. This is a giant step forward for the company and our Elio reservation holders as we continue to progress.\"\n\nElio Motors is planning to build 23 E-Series testing and validation vehicles to test for safety, aerodynamics and durability. Once the testing phase is concluded, the company will begin preparations for building 100 pre-production vehicles at its Shreveport, La., manufacturing facility.\n\n\"Elio Motors is on a march towa...