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

TORONTO, May 26, 2022 (GLOBE NEWSWIRE) -- EV Technology Group Ltd. ("EV Technology Group”, "EVT Group” or the "Company”) (NEO: EVTG, DE:B96A) launched its sustainability platform today, including an articulation of its ESG aspirations and purpose — to drive the adoption of electric vehicles ("EVs”). EV Technology Group’s sustainability platform outlines how it plans to support decarbonization and its approach to overcoming environmental, societal and governance issues that can create obstacles to eliminating CO2 emissions. EV Technology Group is leading the way for positive change in this space through strategic investments in electric vehicle brands and invites further ESG investor interest in the Company’s growth story. The detailed platform is available for download today on EV Technology Group’s website at: https://evtgroup.com/sustainability-platform 

EV Technology Group’s sustainability platform begins with its commitments to the environment — notably to reimagine existing internal combustion engine ("ICE”) vehicles as EVs, thereby contributing to de-carbonization. EV uptake, to date, has largely been amongst early adopters who are excited to be at the vanguard of change.

For lovers of automotive experiences, for whom driving is about much more than getting from point A to B, the homogeneity of many EV designs is a barrier to adoption. By helping to bring iconic brands such as the MOKE to the electric age, EV Technology Group’s products speed overall EV adoption by bringing the next wave of consumers from ICE to electric. Going forward, EV Technology Group’s environmental ambitions are not restricted to de-carbonization, as the Company seeks to implement sustainable procurement and supply chain practices, and explore use of NFTs to safeguard environmental standards.

"With transport accounting for more than 20% of total CO2 emissions, and road transport more than 70% of that, the importance of shifting away from internal combustion engines cannot be overstated,” said Wouter Witvoet, Founder and CEO of EV Technology Group. "We believe car lovers will only convert to electric vehicles when they promise the character, unique style and visceral driving pleasure historically delivered by iconic classic car brands. In this sense, as an EV pioneer, EV Technology Group has sustainability at its very core. We are also determined to maintain the highest standards in terms of both our societal impact and corporate governance.”

EV Technology Group’s sustainability platform also has a clear focus on social and governance commitments. Through its investments, the Company will sustain communities and the skills and expertise that will help them thrive into the future. As a company listed publicly on the NEO and Frankfurt Exchanges, EV Technology Group transparently adheres to all governance reporting standards required by these exchanges and is committed to implement data protection and privacy clauses for its customers.

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

EV Technology Group’s sustainability platform sets the stage to articulate an ESG vision — particularly for the growing pool of investors who prioritize contributing capital to companies that contribute to a lower-carbon future. The platform also discloses the future ambitions of the Company to continue improving its ESG credentials over time. Through this plan, EVT Group positions itself as a leader in supporting greener transportation and a carbon-neutral world, and is supporting these global efforts by creating EVs that people want to drive.

EV Technology Group 
EV Technology Group was founded in 2021 with a vision of electrifying iconic brands — and a mission of redefining the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EVT Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EVT Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

Media
Rachael D’Amore
rachael@talkshopmedia.com 
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com 
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com 

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to, EV Technology Group’s ESG platform; future investments in EV brands; EV Technology Group operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as "estimated”, "potential”, "open”, "future”, "assumed”, "projected”, "used”, "detailed”, "has been”, "gain”, "planned”, "reflecting”, "will”, "containing”, "remaining”, "to be”, or statements that events, "could” or "should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under "Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE 

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