BASF Chosen by Elio Motors as Supplier for Paints, Coatings and Finishes

PHOENIX, December 12, 2016

Elio Motors, Inc., the startup vehicle manufacturer planning to launch a three-wheel vehicle that will get up to 84 mpg with a set base price of $7,300, today announced that it has named BASF Coatings as its official supplier of paints, coatings and finishes.

Elio Motors will provide vehicles in seven eye-catching colors – Licorice, Red Hot, Marshmallow, Sour Apple, Rocket Silver, Creamsicle and True Blue.

“BASF is a world-class organization, pre-eminent paint supplier and another excellent addition to our supplier team,” said Paul Elio, founder and CEO of Elio Motors. “We are creating a head-turning, fun-to-drive vehicle and our color palette is an important element in this strategy. Having BASF’s coatings expertise will help us provide visually stunning vehicles that will stand out from the crowd.”

BASF previously operated in Elio Motors’ Shreveport facility for nearly 30 years, supporting General Motors production of vehicles such as the Hummer H3 and Chevy Colorado.

“We are thrilled to be returning to Shreveport and to be a part of the Elio Motors team,” said John Van Antwerp, BASF North America Global Key Account Manager. “As a leading innovator in automotive coatings and finishes, we are looking forward to helping Elio Motors launch a truly game changing vehicle.”

About Elio Motors

Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheel Elio is engineered to attain a highway mileage rating of up to 84 mpg, while providing the comfort of amenities such as power windows, power door lock air conditioning and cruise control, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio’s first manufacturing site will be in Shreveport, Louisiana.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,500 employees in North America, and had sales of $17.4 billion in 2015.