AEM PERFORMANCE ELECTRONICS JOINS FUEL2ELECTRIC WITH THE AIM OF REVOLUTIONIZING EV CONVERSIONS AND EMPOWERING CAR AND TRUCK ENTHUSIASTS

AEM Performance Electronics, a developer and supplier of electronic control and monitoring systems for performance automotive applications and subsidiary of Holley Inc. (NYSE:HLLY), proudly announces its plan to collaborate on EV conversions with Fuel2Electric, an innovative platform designed to streamline EV conversions for car and truck enthusiasts, through a distribution arrangement. This exciting collaboration is anticipated to bring a range of benefits that will reshape the landscape of EV conversions, providing a seamless and efficient experience for car and truck enthusiasts worldwide.

The distribution arrangement between AEM EV and Fuel2Electric aims to create a one-stop solution for all EV conversion needs, ensuring a hassle-free and comprehensive approach for automotive enthusiasts seeking to electrify their classic cars and trucks. With the rapidly increasing interest in electric vehicles, this collaborative arrangement is intended to cater to the growing demand for EV conversion parts and information.

Key Anticipated Benefits of the AEM EV and Fuel2Electric Distribution Arrangement:

• Expanded EV Product Line Offerings: Car and truck enthusiasts will be able to access an extended array of top-tier EV conversion products, showcasing the latest cutting-edge technologies to transform their beloved classic cars into electric vehicles.

• Dedicated EV Conversion Parts and Information: By specializing exclusively in EV conversion parts and information, the collaboration is intended to provide customers with access to the most accurate and up-to-date resources, making their conversion journey smoother and more rewarding.

• Streamlined One-Stop Shopping Experience: Fuel2Electric introduces a groundbreaking feature where enthusiasts can submit their EV conversion project online and receive multiple proposals from reputable vendors, all in one place. This innovative approach empowers customers to compare and choose the best options, simplifying the selection process significantly.

"We are thrilled to bring the AEM EV offering onto the Fuel2Electric platform and help supercharge a growing interest in EV conversions," said Vinny Nimmagadda, EVP, Corporate Development and New Ventures of Holley. "This collaboration furthers Holley and AEM’s commitment to steward the performance aftermarket and grow the EV enthusiast community."

John Wilson, Co-founder of Fuel2Electric, expressed equal enthusiasm about the collaborative arrangement: "Fuel2Electric was founded to make EV conversions accessible to all car enthusiasts, and we are excited to join forces with AEM Performance Electronics to enhance our offerings. Our integrated platform will enable customers to embark on their electrification journey with confidence, knowing they have the best products and services at their fingertips."

Both AEM Performance Electronics, a subsidiary of Holley (NYSE:HLLY), and Fuel2Electric are excited to embark on this venture together. We believe this collaboration represents a significant milestone for the EV conversion industry, redefining how enthusiasts approach their EV conversion projects.

For more information about AEM Performance Electronics and Fuel2Electric's collaborative arrangement or to explore the comprehensive range of EV conversion products and services, please visit www.fuel2electric.com.

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About Holley
Holley Inc. (NYSE: HLLY) is a leading designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers a leading portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley has disrupted the performance category by putting the enthusiast consumer first, developing innovative new products, and building a robust M&A process that has added meaningful scale and diversity to its platform. For more information on Holley, visit https://www.holley.com.

Holley Investor Relations Contact:
Ross Collins or Stephen Poe
Alpha IR Group
312-445-2870
HLLY@alpha-ir.com

About Fuel2Electric
Fuel2Electric is an innovative online platform dedicated exclusively to EV conversion parts, projects, and vendors. By connecting enthusiasts with reputable vendors and providing a streamlined experience, Fuel2Electric aims to revolutionize the EV conversion landscape, making it easier and more accessible for all car enthusiasts.

Fuel2Electric Investor Relations and Media Contact:
Laurent Frugier
Co-founder Fuel2Electric
Laurent@fuel2electric.com

Press Release Type:
Announcement
Company:
Fuel2Electric
Booth #:
24512
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Media Contact Name:
Laurent FRUGIER
Media Contact Email:
laurent@fuel2electric.com
Media Contact Phone:
9178039126
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