Elio Motors Starts Manufacture of 5th Generation Ultra Low Burning Car Prototype

Elion Motors, a US-based venture company engaged in the development of ultra-low-power vehicles, announced on June 8, 2015 that it has begun manufacturing the fifth-generation prototype "P5." The P5 is equipped with a 0.9-liter displacement 3-cylinder engine prototype jointly developed by the company and IVA, as well as Aisin's manual transmission. The goal is to launch a three-wheeled vehicle with a fuel efficiency of 35.7km/L (84mpg) at the beginning of 2016 at a price of US$6,800.

Elio Motors will build 26 cars from P5 to P30 in order to test and verify the prototype. The former Shreveport plant in Louisiana will be produced by General Motors (GM) Hummer H3 and Chevrolet Colorado, a wholly-owned subsidiary of FCA Corporation of the United States. Made by Comau.

The fifth-generation prototype vehicle raises production funds from qualified investors in accordance with the US Securities and Exchange Commission (SEC) Regulation D 506(c). Qualified investors of Elio Motors can purchase the officially released models.

Currently, Elio Motors’ fourth-generation prototype is being paraded throughout the United States and has received 43,000 booking orders. 90% of parts for production models will be purchased locally in North America. When production starts, it is estimated that 1,500 new jobs will be created for the cooperative suppliers of Elio Motors and 18,000 new jobs will be created for indirect companies. (Reporter: Shibuya Saeko, Nikkei Technology)

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