Arcimoto Entered Into An Exclusive Contract Manufacturing Agreement With Ellectramobilys, A French Corporation, To Build Muses Gen1 300 Light Electric Utility Vehicles
Portfolio Pulse from Charles Gross
Arcimoto has signed an exclusive contract manufacturing agreement with Ellectramobilys, a French corporation, to produce the Muses Gen1 300, a light electric utility vehicle. This agreement is detailed in an 8-K filing.

January 18, 2024 | 10:05 pm
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Arcimoto's exclusive manufacturing agreement with Ellectramobilys for the Muses Gen1 300 light electric utility vehicle could boost production capabilities and market reach.
The exclusive manufacturing agreement is likely to have a positive impact on Arcimoto's stock price in the short term as it represents an expansion in production and potentially an increase in sales. The partnership with a French corporation could also open up European markets for Arcimoto, which is a positive development for the company's growth prospects.
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