Due to effects of the Corona pandemic some of Inzile’s subcontractors are temporarily unable to supply the company with the necessary components. This means that about two thirds of the vehicles that were to be completed during the fall will not be ready for delivery until the first quarter of 2021.

 – The target of 360 manufactured vehicles for 2020 will not be reached, but we are able to secure about a third of this volume. Due to the uncertainties from the Corona crisis we do not provide a forecast for 2021, says Inzile’s CEO Ragnar Åhgren.

 – We anticipate that deliveries of the components that are delayed will gradually resume during Q4 2020 and Q1 2021. However, we reserve the right to the uncertainty of the Corona pandemic’s continued development and the impact this may have on logistics and deliveries, comments Inzile’s CEO Ragnar Åhgren.

Inzile Pro4 is an electric light truck that has been developed with the aim of creating conditions for smart and fossil-free cities. Electric Utility Vehicle (EUV) is a niche segment in the automotive industry that is expected to grow rapidly in the coming years. The customer groups include real estate companies, transport companies and e-retailers that want to eliminate emissions in the cities, as well as municipalities and park administrations.

For further information, please contact:
Peter Wergens, CFO, peter.wergens@inzile.com, +46 73-325 75 04

This information is such that Inzile AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation (MAR). The information was provided by the above contact person, for publication on September 25, 2020 at 19.15 CET.