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Elio Motors Debuts E1c Engineering Vehicle, Highlights Path from Prototype to Production at Los Angeles Auto Show

Latest E-Series engineering vehicle features upgraded frame, suspension, safety systems and interior as revolutionary start-up moves closer to final production model

LOS ANGELES, Nov. 17, 2016 /PRNewswire/ — Elio Motors (OTCQX: ELIO), the start-up vehicle manufacturer planning to launch a three-wheel vehicle that will get up to 84 mpg with a set $7,300* base price, today introduced its E1c engineering vehicle at the Los Angeles Auto Show.

The E1c engineering vehicle is a significant step forward as Elio Motors progresses from the prototype to production phase. While the exterior is similar to previous Elio prototypes, the E1c engineering vehicle features foundational and structural improvements to the frame, suspension, and safety systems that will ultimately create a more satisfying driving experience.

The E1c is part of Elio Motors’ E-Series vehicles, which are being built for testing and validation purposes. More than 80 percent of the E1c was assembled using soft tooling — short-term, low-cost production tools — to prove manufacturability and repeatability of individual parts prior to full production.

“The E1c represents our continued progress along our long-term plan to bring low-cost, highly fuel efficient transportation to the market,” said Elio Motors’ founder and CEO Paul Elio. “We have assembled an amazing team of engineers and supplier partners who have jumped into every aspect of this vehicle to make sure it meets or exceeds all of our targets. Their passion for creating a game-changing vehicle is one of our company’s greatest strengths.”

While the company has made hundreds of refinements during the vehicle engineering phase, some of the more impactful changes include the frame, suspension and safety systems with improved comfort and functionality.

The E1c features a unibody frame, which allows for better absorption of energy and greater safety tuning of the vehicle. The unibody frame was developed specifically for Elio Motors by the Elio Motors engineering team, Schwab Industries and Roush Engineering. In addition to the safety benefits, the unibody frame also will improve the production vehicle’s fit and finish and will manufacturability.

The modified suspension will sharpen handling and improve aerodynamics, improve long-term vehicle durability and reduce noise, vibration and harshness (NVH).

The E1c is the first Elio Motors vehicle to feature airbags, a key component in Elio Motors’ Safety Management System, with two roof-rail side-curtain airbags and a driver airbag in the steering wheel.

“The soft tooling phase is crucial to our long-term success, as we progress from hand-built prototypes to more refined vehicles built with production tooling,” said Jeff Johnston, Elio Motors’ Vice President of Engineering. “The E1c features 80% production level components and systems and represents a monumental leap forward.”

About Elio Motors

Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheel Elio is engineered to attain a highway mileage rating of up to 84 mpg while providing the comfort of amenities such as power windows, power door lock, cruise control and air conditioning accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio Motors’ first manufacturing site will be in Shreveport, La.

Forward-Looking Statements

Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements.  These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  Forward-looking statements are made and based on information available to the Company on the date of this press release. Elio Motors assumes no obligation to update the information in this press release.

*MSRP for non-refundable reservations only and applies only until non-refundable and refundable reservations total 65,000. Total current reservations can be seen at: www.eliomotors.com. MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

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