EV Technology hires leading design and engineering consultancy CALLUM to shape the future of premium electric vehicles

– EV Technology Group (OTCQB: EVTGF, NEO: EVTG, DE: B96A) has partnered with CALLUM, led by legendary designer Ian Callum, to explore the future of EV Technology Group’s electric vehicles as part of its “to design a “brand house”.

– CALLUM will carry out research and ideas to support the EV Technology Group in the development of its brand portfolio and innovative premium electric vehicles.

– EV Technology Group electrifies iconic brands with the aim of redefining driving pleasure for the electric age.

Toronto, Ontario, November 10, 2022. EV Technology Group Ltd. (OTCQB: EVTGF, NEO: EVTG, DE: B96A) (“EV Technology Group” or the “Company”) today announces that it has hired leading UK design and engineering consultancy CALLUM to develop future premium electric vehicles for the firehouse company have ordered.

CALLUM, co-founded by legendary designer Ian Callum, will be responsible for a research and development project for future electric vehicle designs within EV Technology Group’s brand portfolio. EV Technology Group has recently acquired Marazzi, Fantuzzi, Brewster & Co. and Officine Stampaggi Industriali and has signed a definitive agreement to acquire MOKE International Limited, the official manufacturer of MOKE vehicles since the acquisition of the original brand in 1964. The company will continue its expansion with other iconic brands that will help to bringing the joy of driving back to an electric age by supporting the transition to electrification.

CALLUM and its growing team of designers and engineers are able to offer everything from research and concept design, through vehicle engineering and development, to finer details such as leather interiors, additive manufacturing and sustainable materials.

Wouter Witvoet, CEO of EV Technology Group, said: “As EV Technology Group builds a brand house with such iconic brands, it is fundamental that we create the right pillars and templates and implement first-class strategies early on. I am pleased that A reputable industry leader like CALLUM will guide and support us in our preparations for future growth. We are already seeing great results and this could lead to involvement in several future projects.”

Mark Stubbs, Head of Design, Electric Vehicle Technology Group, said: “Bold and sophisticated design will be one of the key features of EV Technology Group’s future vehicles, so it is a great pleasure to work with Ian Callum and his talented team at CALLUM. They are already providing us with some extremely creative design solutions for future light electric vehicles based on EV Technology Group’s technologies and giving us excellent insight into the development of our brand house and a range of revolutionary future electric vehicles.”

Ian Callum, CBE, CALLUM’s Design Director, said: “CALLUM’s mission is to create design stories that capture the imagination. The scope of EV Technology Group’s ambition and mission to reinvent iconic brands is richer. Potential to do just that. There is no creative team likes more than limitless possibilities. We will continue to evolve each design language to ensure these brands remain compelling and relevant in an electrified world.”

David Fairbairn, director of CALLUM, commented: “EV Technology Group was looking for a design partner who didn’t just come up with a lot of pretty flourishes. Creative ideas also need technical substance to streamline the early stages of development and move them. faster to We expect , that CALLUM’s combined team of designers and engineers will fit seamlessly into EV Technology Group’s talent and address its challenges while embracing the opportunities these brands offer.”

About EV Technology Group

EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and with the mission to redefine driving pleasure for the electric age. EV Technology Group is driving the electric revolution through the acquisition of iconic brands that bring beloved automotive experiences into the electric age. Backed by a diverse team of passionate entrepreneurs, engineers and drivers, EV Technology Group creates value for its customers by taking the entire customer experience into its own hands – through acquisition and partnership with iconic brands with significant growth potential in unique markets and by controlling the “end -to-end” functions. For more information, visit: https://evtgroup.com/

About CALLUM

CALLUM is a design and engineering company that creates custom-made products in limited editions. CALLUM focuses on design, lifestyle and travel and deals with projects that fascinate, inspire and tell a story. CALLUM is an association of talented individuals with experience in art, sound, cars, fashion and motorsport. ?Real and nimble, CALLUM produces exquisite design supported by quality workmanship using the latest technology in design, prototyping, machining and clothing at the 30,000m2 facility in Warwick. ?The founding members include British designer Ian Callum, CBE, who is admired for his successful work in the automotive industry, including the Aston Martin Vanquish, Vantage and DB9, Jaguar F-Type, F-PACE, XJ and most recently the World Car of the Year award-winning I-PACE.

media

Rachel D’Amore

mailto:rachael@talkshopmedia.com

+1519-564-9850

investor relations

Dave Gentry

mailto:dave@redchip.com

+14074914498

EV Technology Group

Wouter Witvoet

managing director and chairman of the board

mailto:wouter@evtgroup.com

Forward looking information

This press release contains forward-looking statements regarding, among other things, EV Technology Group, its partnership with CALLUM, the proposed acquisition of MOKE International Limited and Fablink Group, the company’s future design projects and its strategic plans. Often, but not always, these forward-looking statements can be identified by the use of words such as “estimated,” “potential,” “open,” “future,” “believed,” “expected,” “used,” “detailed,” “have been”, “profit”, “planned”, “reflective”, “will”, “including”, “remains”, “to be” or statements that events, “could” or “should” occur or be achieved, and similar expressions, including negative variations, can be identified.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, performance or performance to differ materially from the results, performance or performance expressed or implied in the forward-looking statements, including those factors that are discussed under “Risk Factors” in the company’s filing documents, annual information circular and base prospectus. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that could cause actions, events or results to differ materially from those described in the forward-looking statements. they expected, estimated or intended.

Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or performance 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 in this press release are based on assumptions that management believes to be reasonable, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All information contained in this press release regarding EV Technology Group and CALLUM was provided by the respective parties for inclusion in this press release, and each party and its directors and officers have consented to all information provided by the other party’s concern, trust entirely on the other parties. EV Technology Group has not checked the information provided by CALLUM with due diligence and assumes no responsibility for the correctness or completeness of this information.

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