The governments of Spain and Catalonia, together with the trade unions, endorse the electromobility HUB proposal made by QEV Technologies, of which Inzile AB (publ) ("Inzile") owns 19,64 %. The HUB will be located in the previous Nissan factory in the Free Zone of the Port of Barcelona.

Inzile is a direct part of the winning HUB proposal, and will therefore have all the facilities for design and scale production of its new vehicles at its disposal.

It is a great bet by the Spanish authorities on QEV Technologies and Inzile. Spain has recently been granted more than EUR 3 Billion in European funds for electromobility.

 - This is a great step forward for the new Inzile group, enabling us to scale up our production of new electric vehicles for our selected customer segments, says Yago Mendez, CEO of Inzile.

Attached is a complete report published by one of Spain's main newspapers.

For further information, please contact:

Yago Mendez, CEO Inzile, yago.mendez@inzile.com, +46 490 199 99

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company's vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.

Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia's foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with headquarters and production facility located in Västervik, R&D in Tranås and marketing office in Stockholm.

The company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company's Certified Adviser, +46 8 121 57 690, certifiedadviser@redeye.se.

For further information, please visit: www.inzile.com

https://news.cision.com/inzile-ab/r/inzile-s-partner-qev-technologies-chosen-for-barcelona-electromobility-hub,c3480853

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