On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical center in Mesa. No other state in the country provides a better environment for ElectraMeccanica to scale its leading-edge technology, and we look forward to continuing to be a partner in the companys long-term success. You can
Except for the statements of historical fact contained herein, the information presented in this news release constitutes forward-looking statements as such term is used in applicable United States and Canadian securities laws. Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute "forward-looking statements" as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. Plans for this program will be forthcoming. The luxury automaker is already looking to expand its footprint to phase two as well. View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005088/en/, KEYWORD: ARIZONA UNITED STATES NORTH AMERICA, INDUSTRY KEYWORD: SPORTS TRANSPORTATION AUTOMOTIVE MANUFACTURING EV/ELECTRIC VEHICLES AUTOMOTIVE MANUFACTURING TRAVEL EVENTS/CONCERTS FOOTBALL ENTERTAINMENT OTHER AUTOMOTIVE, PUB: 01/06/2023 08:00 AM/DISC: 01/06/2023 08:01 AM, http://www.businesswire.com/news/home/20230106005088/en. I want to thank Governor Ducey, his team, the state of Arizona and everyone whos been involved in this process for helping to bring ElectraMeccanicas U.S. operations to life, said Company CEO Paul Rivera. We are thrilled to bring production of our vehicles onshore and introduce an enhanced, U.S.-built 2023 model year SOLO EV to market, remarked Susan Docherty, CEO of ElectraMeccanica. Arizona is thrilled to be selected as the home of ElectraMeccanicas first U.S.-based assembly facility and engineering technical center, said Governor Doug Ducey. 70%, 80%, 99.9%, 100% Renewables Study Central, Clean tech and sustainability market research, Climate Change Solutions: Why 1.5C Is So Important, Electric Vehicle Sales Charts, Graphs, & Stats, Engage Global Competition: Technology for a Sustainable Future. At least until now. Our mail-out and online service cover Electrameccanica Vehicles Corp. (SOLO): Investors Electrameccanica Vehicles Corp. (NASDAQ:SOLO), Alamos Gold Inc. (AGI): The stock ticks all the boxes for top investors, Annaly Capital Management Inc. (NLY): Ready for an explosive trading day, CN Energy Group. favorite_border. This decision is monumental for our business and will be transformative for our host city and state. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. The Canada-based electric vehicle designer and . The companys shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 960356 for the day, which was evidently lower, when compared to the average daily volumes of the shares. It reduces dwell time for vehicles and lowers transportation costs, he says. One Seat. Click here to download your Free Copy. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the, Here whats driving the rising PHX East Valley economy. The facility plus an engineering technical center will be in Mesa, Arizona. Start your morning with the top headlines each day. VANCOUVER, British Columbia-(BUSINESS WIRE)-ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that it has secured licensing to sell its revolutionary single-seater electric vehicle, the SOLO, in Arizona. Don't knowingly lie about anyone Low 57F. ElectraMeccanica announced Docherty as CEO on Dec. 5. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Canadian designer and manufacturer of electric vehicles ElectraMeccanica has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. The company worked with officials to see what kind of incentives they could get to set up shop, and Arizona offered a good mix of flexibility and workforce availability. developments in electric transport It is currently valued at $0.23. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. Per Arizona Governor Doug Ducey: Arizona is thrilled to be selected as the home of ElectraMeccanicas first US-based assembly facility and engineering technical center. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. We want to tap into the U.S.talent pool. Mountain Mike . After getting investor money, building three prototypes, and then getting more investor money, she disappeared for years, hiding in Dale, Texas and assuming another name. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, and Arizona ranks seventh nationally for electric vehicle adoption, with four electric vehicles registered in the state for every 1,000 Arizona residents. 51% Plugin Vehicle Share In The Netherlands! FTC: We use income earning auto affiliate links. Plan your fishing trips with Capt. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.1230, with a change in the price was noted -0.58. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). The industry-facing website The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. ADVERTISEMENT Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the SEC) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Instead of a hatchback, this version of the car features a cargo box. March 23, 2021. Im not going to lie the first time I saw a photo of the SOLO, my first thought was that it was ugly. It takes a village to do what we are doing. Get the latest local and national sports headlines deliveredto your inbox every morning. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. The SOLO also features front and rear crumple zones, side impact protection, roll bar, torque-limiting control as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system. We want to set an example for other such events throughout America, and hopefully, around the world. The vehicles will also save on fuel costs and minimize environmental impact, all of which helps the SBHC to ensure its goal of leading the greenest Super Bowl ever. Receive the latest Dear Abby column in your inbox each morning. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the automotive industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities or claims limitations on insurance coverage. ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee Vehicles Presented to Committee at Kick-off Media Event Business Wire MESA, Ariz. -- January 6 . 2023 FOX News Network, LLC. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Companys periodic reports filed from time-to-time with the SEC. Your e-mail address will be used to confirm your account. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). According to Mesa Mayor John Giles, the site offers a number of strategic advantages. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. We hope to continue this momentum.. Create a password that only you will remember. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. Facebook here, and
Keep it Clean. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. Depending on driving conditions, temperature and climate controls, the SOLO has a range of up to 100 miles and a top speed of up to 80 mph. Get a link to the latest e-Edition delivered to your inbox each morning. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. Lets start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. Copyright 2023 CleanTechnica. entering your email below. These are good, high-tech jobs, says Giles. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. The SOLO is going to be a 3-wheeled EV built for . On the run for past crimes, including counterfeiting, Geraldine was also struggling to live as a transgender woman in a time when the US public was outright hostile to the LGBT community (but she did have the support of her wife and children). a wide range of relevant stories and Mutual Fund and ETF data provided byRefinitiv Lipper. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. Moreover, we believe its important for business leaders and elected officials, as well as the general public, to understand that the average person drives alone 80% of the time, in a vehicle that seats more than 4 people, which leads to a lot of unoccupied seats, and a lot of wasted energy. When fully operational, we anticipate creating hundreds of new jobs for the local economy. ElectraMeccanica now at home in North America. Two Doors. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. The $35 million plant will bring 500 high-tech, high-value jobs to the community. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. Alright, enough gloating. ElectraMeccanica. The SOLO is currently available for order here. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. and free of charge. She worked with Dale Clift to build a few prototypes for a lightweight 3-wheeled vehicle that could achieve 80 MPG using a motorcycle engine. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. Vehicles Presented to Committee at Kick-off Media Event. Legal Statement. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. each comment to let us know of abusive posts. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. Save my name, email, and website in this browser for the next time I comment. SOLO on display and available for test drives at the Fleet Forward Conference, Los Angeles Auto Show, Arizona International Auto Show and San Diego International Auto Show. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . It only goes 100 miles, but it does that on only about 16 kWh of battery. Its about time! The public can see and touch the vehicle, ask questions and place pre-orders. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . County events celebrate life and legacy of Martin Luther King Jr. County celebrates Martin Luther King Jr. with prayers, parades, Galveston County artist creates mythical mural at the Sunshine Center, Plungers hit the water to raise funds for aquatics program, Brand-new gentoo makes debut at Galveston's Moody Gardens, Santa makes appearance at Galveston recreation centers, How about covering the corruption many worry about, Guest commentary: 'Will of the People' is a complex concept, An expert's warning: "No street drug is safe right now'. 2023 Electra Meccanica. Don't Threaten. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. Powered and implemented byFactSet Digital Solutions. This company, however, is sitting on a goldmine opportunity as it plans to produce 30,000 tonnes per annum over the next 3.5 years from this single deposit. Thats less than an hour south of Mesa. fordecision makersin the ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. Theelectromotive vehicle market in America is estimated to register a nearly five-fold growth, reaching nearly 7 millionunit sales by 2025 from1.4 million last year, according to the analysis. The company will be producing its flagship EV, the single-seat Solo. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. As just one part of its partnership, ElectraMeccanica presented the SBHC with ten custom-wrapped, all-electric, SOLOs for the Committee to use as courtesy vehicles during the Super Bowl during January and February. Be Proactive. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. Made in Germany! Use the 'Report' link on Thank you to the entire ElectraMeccanica team, Sandra Watson and her team at the Arizona Commerce Authority, Mayor Giles and the City of Mesa, and local leaders for your support on this important project.. I hope they fire the Head of Designer. EVs Take 55% Of The German Auto Market In December! Market data provided byFactset. Thats something we are committed to help change through the design and sales of our vehicles and through the support of organizations like the SBHC.. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. The Stock rose vividly during the last session to $1.03 after opening rate of $1.00 while the lowest price it went was recorded $0.95 before closing at $1.05.Recently in News on January 6, 2023, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. Many of these factors are beyond the Companys ability to control or predict. Receive the most recent obituaries every afternoon. Winds NW at 5 to 10 mph. PRICED AT $15,5001 MEET SOLO ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, and Arizona ranks seventh nationally for electric vehicle adoption, with four electric vehicles . Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. This material may not be published, broadcast, rewritten, or redistributed. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We think there will be a massappeal for fleets because think about how manyapplications there are forfleets, especially arounddelivery for pizzas, and fast food franchise [and] small parcel post.. Get an email notification whenever someone contributes to the discussion. Advertise with CleanTechnica to get your company in front of millions of monthly readers. More. When the transactions were called off. Tesla Model Y #1 Overall! Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Thats 6.25 miles per kWh, or 160 Wh per mile. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. First is a direct-to-consumer approach. The shares increased approximately by 36.86% in the 7-day charts and went up by 12.20% in the period of the last 30 days. Inc. (CNEY) is priced at $0.87 after the most recent trading session. VW ID. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the Arizona Commerce Authority. About the Arizona Super Bowl Host Committee. ElectraMeccanica says it will ultimately have the capacity to produce up to 20,000 vehicles per year in its 235,000-square-foot facility in Mesa. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The company will also . ElectraMeccanica ultimately chose Arizona because of our abundant workforce, and our location with close proximity to California and Mexico is second to none, Watson explains. But this is just one of the opportunities we have researched in our free report. Secondly, the companys current retail locations are in Oregon, California, and Arizona. The diminutive Solo is unlike any other vehicle on the road. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. 5 min read. The Host Committee serves as liaison between the NFL and all regional efforts, culminating with the game in 2023 at State Farm Stadium, home to the Arizona Cardinals. Events include: For more information, please visit: https://bit.ly/3DMrUsm. For more information, please visit www.emvauto.com. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. ElectraMeccanica Chief Revenue Officer Kim Brink said the decision to relocate the company's headquarters from British Columbia, Canada to Mesa was made earlier this month. YouTube here. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. We want to make sure that we can tapinto a logistics base so theres just lots of reasonsto do it and were really excitedto be here in the U.S.. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. Well be bringing highly skill labor into the facility to develop not only the next evolution of the Solo, but we have other vehicle aspirations as well., According to Watson, more EV companies establishing operations in Arizona means more high-wage jobs, which means more economic activity. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. ElectraMeccanica is eligible for more than $8 million in grants and tax credits from the state but, as of March, hadn't received any incentives, according to the Arizona Commerce Authority.. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. Arizona International Auto Show and San Diego International Auto Show. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. It deliveries of the small urban electric vehicle last year. ElectraMeccanica has crafted a three-part strategy for rolling out the Solo. Other electric car manufactures in the state include luxury. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . ElectraMeccanica Arizona City, AZ (On Site) Full-Time. Google, Ford, GM, & Solar Companies Partner To Promote Scaling Of Virtual Power Plants, Vehicle-To-Grid Solutions Could Open Fast Lane To Net-Zero Future, From Hyundai Kona EV to Tesla Model Y Standard Range, USAs 1st Vehicle-To-Grid Export Rate For Commercial Electric Vehicles, Shyft Group Shows Off Its Blue Arc Electric Last Mile Delivery Vehicle To Customers, Mazdas Rotary Range Extender Might Succeed Where Others Have Failed, Dont Fall For Aerodynamic Junk Science When Shopping Trailers (Part 2), Dont Fall For Aerodynamic Junk Science When Shopping For Trailers (Especially For Your EV), The Magic of Heat Pumps: Transforming Homes & Combating Climate Change. State-Of-The-Art engineering technical center still consider them an EV manufacturer were desperate for more information, please:... Anticipate creating hundreds of new jobs by CLICKING HERE, So theres a of... By shareholders equity purpose of this job is to interface between our company and the skepticism is probably not fair! 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( NASDAQ: SOLO ) ( & quot ; electrameccanica quot! To invest $ 60 million in a new Phoenix Solar panel plant that will create more than new. Single-Seat EV called the SOLO is going to be just the future manufacturer environmentally.
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