EV Technology Group Announces Platform for Sustainability, Setting the Stage for Further ESG Investment

Clara D. Flaherty

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EV TECHNOLOGY GROUP INC.

EV Technological know-how Team INC.

Outside of de-carbonization: EV Technological know-how Group also supports substantial-good quality employment in regional communities and corporate governance very best methods

Beyond de-carbonization: EV Technology Group also supports high-quality employment in local communities and corporate governance best practices

Past de-carbonization: EV Technological innovation Group also supports significant-high-quality employment in nearby communities and corporate governance best practices

TORONTO, May 26, 2022 (Globe NEWSWIRE) — EV Engineering Team Ltd. (“EV Technology Team”, “EVT Group” or the “Enterprise”) (NEO: EVTG, DE:B96A) released its sustainability system now, which includes an articulation of its ESG aspirations and goal — to push the adoption of electrical motor vehicles (“EVs”). EV Engineering Group’s sustainability platform outlines how it programs to guidance decarbonization and its approach to overcoming environmental, societal and governance problems that can make obstacles to getting rid of CO2 emissions. EV Technologies Team is leading the way for optimistic modify in this house via strategic investments in electric powered automobile brands and invites further ESG investor curiosity in the Company’s progress story. The specific system is readily available for obtain currently on EV Engineering Group’s internet site at: https://evtgroup.com/sustainability-platform 

EV Technological know-how Group’s sustainability system starts with its commitments to the natural environment — notably to reimagine existing inside combustion engine (“ICE”) autos as EVs, thus contributing to de-carbonization. EV uptake, to day, has mostly been among early adopters who are psyched to be at the vanguard of modify.

For fans of automotive encounters, for whom driving is about considerably a lot more than obtaining from issue A to B, the homogeneity of lots of EV types is a barrier to adoption. By assisting to carry legendary manufacturers this kind of as the MOKE to the electric powered age, EV Technological innovation Group’s products and solutions pace total EV adoption by bringing the following wave of consumers from ICE to electrical. Likely forward, EV Technological know-how Group’s environmental ambitions are not restricted to de-carbonization, as the Organization seeks to employ sustainable procurement and provide chain practices, and take a look at use of NFTs to safeguard environmental expectations.

“With transportation accounting for far more than 20% of complete CO2 emissions, and highway transport a lot more than 70% of that, the value of shifting absent from interior combustion engines are not able to be overstated,” explained Wouter Witvoet, Founder and CEO of EV Technological innovation Team. “We believe that vehicle lovers will only change to electric powered vehicles when they assure the character, special design and visceral driving enjoyment historically delivered by iconic classic automobile models. In this sense, as an EV pioneer, EV Technological know-how Group has sustainability at its incredibly main. We are also decided to keep the greatest standards in conditions of both our societal effects and company governance.”

EV Technological know-how Group’s sustainability platform also has a obvious aim on social and governance commitments. By way of its investments, the Enterprise will maintain communities and the expertise and experience that will assist them prosper into the future. As a business listed publicly on the NEO and Frankfurt Exchanges, EV Technology Team transparently adheres to all governance reporting benchmarks demanded by these exchanges and is fully commited to put into practice details defense and privacy clauses for its clients.

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Outside of de-carbonization: EV Technologies Team also supports high-quality employment in nearby communities and company governance very best tactics

EV Technological know-how Group’s sustainability platform sets the phase to articulate an ESG vision — specifically for the developing pool of investors who prioritize contributing capital to firms that contribute to a lower-carbon future. The system also discloses the long term ambitions of the Business to proceed bettering its ESG qualifications around time. Through this system, EVT Group positions by itself as a leader in supporting greener transportation and a carbon-neutral entire world, and is supporting these world-wide endeavours by producing EVs that men and women want to generate.

EV Engineering Group 
EV Technological innovation Group was established in 2021 with a eyesight of electrifying iconic brand names — and a mission of redefining the joy of motoring for the electric powered age. By attaining iconic manufacturers and bringing beloved motoring ordeals to the electric powered age, EVT Team is driving the EV revolution forward. Backed by a diversified crew of passionate entrepreneurs, engineers and driving fans, EVT Team results in worth for its consumers by owning the overall buyer working experience — obtaining and partnering with iconic makes with substantial progress probable in unique marketplaces, and managing conclusion-to-end abilities. To understand a lot more stop by: https://evtgroup.com/

Media
Rachael D’Amore
[email protected] 
+1519-564-9850

Investor Relations
Dave Gentry
[email protected] 
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
[email protected]

Forward-Searching Details

This information release includes forward-seeking statements together with, but not restricted to, EV Technological know-how Group’s ESG platform future investments in EV manufacturers EV Technological know-how Team functions, expectations, and future steps. Normally, but not always, these Forward-wanting Statements can be discovered by the use of phrases such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that activities, “could” or “should” happen or be accomplished and similar expressions, including adverse variations.

Forward-searching statements require known and unidentified threats, uncertainties and other elements which might cause the genuine effects, general performance or achievements of the Organization to be materially distinct from any success, functionality or achievements expressed or implied by the Forward-looking Statements, which includes all those aspects discussed under “Risk Factors” in the filing statement of the Business. Though the Organization has tried to detect important components that could bring about genuine steps, activities or final results to differ materially from all those described in Forward-looking Statements, there may be other components that trigger actions, occasions or results to vary from individuals anticipated, approximated or supposed.

Ahead-wanting statements contain significant risk, uncertainties and assumptions. Many aspects could induce precise benefits, overall performance or achievements to vary materially from the success talked about or implied in the ahead-seeking statements. These elements should be considered meticulously and visitors must not spot undue reliance on the ahead-seeking statements. Whilst the ahead-hunting statements contained in this news release are primarily based upon what management thinks to be sensible assumptions, the Organization cannot guarantee visitors that real benefits will be constant with these forward-seeking statements. The forward-seeking statements contained herein are built as of the date hereof and the Organization disclaims any obligation to update any forward-on the lookout statements, whether or not as a result of new details, long run situations or final results or if not, except the place necessary by law. There can be no assurance that these ahead-searching statements will prove to be correct, as genuine success and potential situations could differ materially from people anticipated in these statements. Accordingly, viewers need to not location undue reliance on ahead-hunting statements.

THE NEO Inventory Trade DOES NOT Accept Responsibility FOR THE ADEQUACY OR Accuracy OF THIS Launch

A image accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/3705b433-48ff-47f9-873a-67505006c8d9

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