ElectraMeccanica up on deal with Silicon Valley startup Faction Technology
15/02/2022 13:52
** U.S.-listed shares of Canadian EV maker SOLO.O up 3.4%
at $2.08 premarket after co partners with Faction Technology Inc
to launch an autonomous pilot technology on its SOLO electric
vehicle platform
** Faction Technology is a Silicon Valley startup that
develops driverless solutions based on light electric vehicles
** Under the agreement, SOLO and Faction will work to expand
the partnership toward the pilot deployment of a driverless
demonstration fleet of up to 24 SOLO EVs over the next 12 months
** Stock had fallen ~63% last year
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))
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