This includes eight current locations that are open in the Western United States. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. Arizona International Auto Show and San Diego International Auto Show. Most people want a more traditional vehicle with at least 4 or 5 seats because theyd be able to use it for more things than they could use a 1-2 seater vehicle for. It blends a modern look with safety features at an accessible price point of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo model, which features an expanded cargo box to accommodate a wide variety of fleet and commercial applications. Many of these factors are beyond the Companys ability to control or predict. https://www.businesswire.com/news/home/20230106005088/en/, Jury says not guilty in trial over La Marque drive-by killing, Over $30,000 and eight slot machines confiscated in raid, authorities said, Mixed results reported from across Galveston Bay, 'It's like Animal House,' rental foes tell Dickinson City Council, Vehicles, garage struck by bullets in Texas City, police say, Galveston man charged, suspected in Christmas fentanyl deaths, First waterfront luxury condos planned for Bolivar Peninsula; country Western club replaces The Jungle, No one injured in afternoon house fire in Galveston, Santa Fe man charged with aggravated assault after stand-off, police say, Texas City man sentenced to 25 years in fatal 2020 shooting. Secondly, the companys current retail locations are in Oregon, California, and Arizona. 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. Receive the daily weather forecast and the weekly outlook in your inbox each morning. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. names allowed. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. May 17th, 2021 5:47 PM Share. ElectraMeccanica announced Docherty as CEO on Dec. 5. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica announced it would make the new 235,000-square-foot Mesa assembly and technical facility its new corporate headquarters. 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. Supplying the electric vehicle boom and potentially driving its stock price off the charts. Featured image provided by ElectraMeccanica. Its just across the picket fence from a major airport, its next to a freeway that will get you to Southern California in half a day, theres a strong workforce here, and Arizona State University is just a stones throw away, he says. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee Vehicles Presented to Committee at Kick-off Media Event Business Wire MESA, Ariz. -- January 6 . For more information, please visit www.emvauto.com. Canadian electric-vehicle maker ElectraMeccanica will build its three-wheeled, single-seat commuter car for the U.S. market at a factory in Mesa, Ariz. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. One Seat. 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. Create a password that only you will remember. But this is just one of the opportunities we have researched in our free report. Start your drive at one of our display locations. ADVERTISEMENT ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) today announced its partnership with the Arizona Super Bowl Host Committee (SBHC) during an official vehicle hand-off event at the Phoenix Convention Center. The other four companies have just as much potential. This is the name that will be used to identify you within the system. Called it! Aptera is a great example of this, as the company failed almost a decade ago before coming back to life in the last two years. Submitting this form below will send a message to your email with a link to change your password. Get an email notification whenever someone contributes to the discussion. 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. Take THAT, China! While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. Frances EVs Take Record Quarter Share Of Market, Sandy Munro: The Coming Wave of Chinese EVs, Sandy Munro On Which Automakers Are Getting It Right Besides Tesla, Sandy Munro: How Tesla Gets To The $24,000 Car, Sandy Munro: Tesla Is Engineering At The Speed Of Thought. What Confluence Has Brought EVs To The Mainstream? In a similar fashion, Electrameccanica Vehicles Corp. posted a movement of -37.17% for the period of last 100 days, recording 892,314 in trading volumes. Start your morning with the top headlines each day. Copyright 2023 CleanTechnica. When fully operational, we anticipate creating hundreds of new jobs for the local economy. Don't Threaten. favorite_border. 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. Ingeniously designed to be sleek, fun, easy-to-charge, and earth-friendly, SOLO transforms your daily routine with its maneuverability, a top speed of 80 mph, and up to 100 miles of range on a single charge.2. Many of these factors are beyond the Companys ability to control or predict. SOLO is an experience. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. Additionally, trading for the stock in the period of the last six months notably deteriorated by -33.29%, alongside a downfall of -54.28% for the period of the last 12 months. In addition, long term Debt to Equity ratio is set at 0.09. Top speed is 80 MPH, so its highway capable. Vehicles Presented to Committee at Kick-off Media Event. The area will also be the home to the companys first US-based engineering technical centre. Officials from Arizona seem quite happy with the decision as well. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. MASSIVE Electric Bike Buyers Guide All the Biggest Brands & Models, NIO ES8 The Chinese Electric SUV Outselling The Tesla Model X, Nukes, Renewables, and the Union of Concerned Scientists, Reality Check Correcting the Cleantech Record, Solar Panel Installers Top Solar Panel Installers & How To Evaluate Them, Switching to an Electric Fleet Learn About Charging, Payments, & More, Testimonials: Why Readers Love CleanTechnica, ElectraMeccanicas SOLO production facilities will be in good company, Twentieth Century Motor Car Corporations Dale, CleanTechnica Member, Supporter, Technician, or Ambassador. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Elio Motors is another example of a company that stumbled in this space. Its only built for one occupant, and can go up to 100 miles. 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. Now, Maricopa County has entered the EV market. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. We have made a significant commitment to Arizona by recently moving our corporate headquarters and manufacturing facility to Mesa, said Susan Docherty, CEO of ElectraMeccanica Vehicles Corp. It is important for us to support our home state, and by so doing, to help the SBHC deliver the greenest Super Bowl ever. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Companys filings with the Securities and Exchange Commission. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. 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.. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Be Proactive. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. March 16, 2021 ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, today announced that it has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. Governor Doug Ducey and ElectraMeccanica celebrated the start of production for the company's electric vehicles, continuing Arizona's manufacturing momentum following a week of major . 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.". At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). Your email address will not be published. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. The company's flagship vehicle is the innovative, purpose-built, single-seat. The goal of the Host Committee is to galvanize local stakeholders in a united approach to hosting the largest single-day sporting event in the world by maximizing positive media exposure, fueling the economic engine of Arizona, and leaving a lasting legacy in the community. Notifications from this discussion will be disabled. This center will be erected with multiple labs for comprehensive research. The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. Something went wrong while submitting the form. newsletter is published every Give Light and the People Will Find Their Own Way. that is degrading to another person. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. or anything. Capitol Police officer should have been fired, at least, Paxton has good reason to seek LGBTQIA information, We voters should ensure Jan. 6 was Trump's swansong, Daily News convenes newly configured editorial board, We must all stand up for freedom here and in Ukraine, Guest editorial, The Washington Post: Trump's avoidance the least of the problem. It takes a village to do what we are doing. 5 Undervalued Stocks For 2023 Invalid password or account does not exist. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. 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. Plus, there are already a Tier 1 supply base and engineering partners coming here because of the other EV manufacturers. UACJ Whitehall, a leading supplier of precision extruded aluminum automotive components for EVs, recently announced that it will be opening a plant in Flagstaff, while Li-Cycle, a leader recycling of lithium-ion batteries, the type used in EVs, will build a facility in Gilbert. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. 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. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. She said the decision was one of the first Susan Docherty made as CEO. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis. Will the law or the Republican traitors prevail? We wantto mitigate against the Chinesetariffs, he added. Read more of this story from the Business Journal. The team at Lectric eBikes is constantly pushing the envelope with new designs, new features and new functionality so when they invited us to Arizona is about to have more EV chargers per capita than any other US state, with almost 14,000 being added plus more Superchargers. find her on Twitter here, ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. On Tuesday, Rivera announced on the program that the designer and manufacturer of electric vehicles is expanding production out of China with a new factory in the United States. EVs Take 55% Of The German Auto Market In December! It deliveries of the small urban electric vehicle last year. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. Beyond working to address commuting and traffic congestion challenges in the region, the Company intends to work with local municipalities to initiate a future pilotSOLOshare ecosystem in the Mesa and the greater Phoenix region. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. Following a year-long nationwide search, which included about a dozen locations in the Greater Phoenix region, Mesa eventually won out over Nashville, Tennessee. Please avoid obscene, vulgar, lewd, All Rights Reserved. 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. I hope they fire the Head of Designer. Your real name will be displayed next to your photo for comments, blog posts, and more! The revolutionary single-seat, fully electric commuter. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. a wide range of relevant stories and With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. Thats less than an hour south of Mesa. 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. Receive updates on the latest issues of Coast Monthly. 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. The statement said that the plant is expected to generate 500 jobs. Plans for this program will be forthcoming. 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. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. This is an exciting move for a company bringing its flagship EV to market this year. The SOLO is currently available for order here. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona The second element is fleet and commercial use. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. More. The diminutive Solo is unlike any other vehicle on the road. No matter how you measure the efficiency, thats pretty amazing. In addition to a light vehicle production facility, it will also be building multiple labs to support comprehensive research facilities and vehicle chassis, battery pack, and power electronics testing workshops. These are good, high-tech jobs, says Giles. ir@emvauto.com, Internet Explorer presents a security risk. In that particular session, Stock kicked-off at the, CN Energy Group. Instead of a hatchback, this version of the car features a cargo box. The company says its new plant represents a major step and will serve as the companys new headquarters. Threats of harming another 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. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. 2023 FOX News Network, LLC. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. The vehicle will sell for $18,500, so its going to be pretty affordable. 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. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. Please send any tips or suggestions, or dog photos to him at scooter@9to5mac.com, Stay up to date with the latest content by, Electric Vehicle Price Guide best prices for dealers in the US, the EV startup had whittled its list down to two finalists, positively impact local and state economies in Arizona, Tesla (TSLA) is seeing unprecedented demand, stores hitting new records, The worlds largest electric ferry can take you and your closest 2000 friends across the ocean, DC fast charger maker Tritium just got a huge order from BP, Schneider debuts its first eCascadia electric semi truck, Subscribe to Electrek on YouTube for exclusive videos. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. 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. Please log in, or sign up for a new account and purchase a subscription to read or post comments. She likes to get off the beaten path in her "Bolt EAV" and any other EVs she can get behind the wheel or handlebars of with her wife and kids. Plan your fishing trips with Capt. electric mobilityindustry. Don't knowingly lie about anyone Winds WSW at 10 to 20 mph. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. 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. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor 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. Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. The company has been looking for the right city to build its headquarters and production facilities for about a year. Presently, Electrameccanica Vehicles Corp. shares are logging -60.09% during the 52-week period from high price, and 70.41% higher than the lowest price point for the same timeframe. Inc. (CNEY) cant be written off after posting last 3-months Average volume of 687.01K, Minerva Surgical Inc. (UTRS): Get Prepared for Trading Lift Off. This announcement comes just months after a rapid retail expansion in the US. Other electric car manufactures in the state include luxury. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. 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 . The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. Even if someone almost always drives alone, they want to get the most bang for their buck, and be able to use it on occasion to pick up a TV from the electronics store or to take some friends out on a double-date. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. The biggest reason for us is wewant to have a made in the USAproduct, Rivera said. Market data provided byFactset. Word among publications is that it only takes a few hours to charge it on Level 1, so many people will find it a convenient commuting option. It reduces dwell time for vehicles and lowers transportation costs, he says. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. . 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. (adsbygoogle = window.adsbygoogle || []).push({}); Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. 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. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. Investor Relations Contact The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. ElectraMeccanica will also support the SBHC by participating in various events throughout Arizona during the weeks leading up to the Super Bowl, including an interactive display at the Super Bowl Experience presented by Lowes at Hance Park, 100 Yards of Education: A STEM Playbook for Youth education event at State Farm Stadium with an anticipated attendance of more than one thousand students, and other events the week leading up to Super Bowl LVII. 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. 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 can produce 20,000 electric vehicles (EVs) annually . ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. ElectraMeccanica now at home in North America. The SOLO is going to be a 3-wheeled EV built for urban environments. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) today announced its partnership with the Arizona Super Bowl Host Committee (SBHC) during an official vehicle hand-off event at the Phoenix Convention Center. 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. No racism, sexism or any sort of -ism Keep it Clean. RELATED COVERAGE: Report:. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. Low 57F. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. "We have made a significant commitment to Arizona by recently moving our corporate headquarters and manufacturing facility to Mesa," said Susan Docherty, CEO of ElectraMeccanica Vehicles Corp. "It is important for us to support our home state, and by so doing, to help the SBHC deliver the greenest Super Bowl ever. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. ElectraMeccanica, which is listed on the Nasdaq, has chosen Mesa, Ariz., a suburb of Phoenix, for its U.S. based assembly facility and engineering technical center, according to a news release.. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. electrive.com is a newsservice Save my name, email, and website in this browser for the next time I comment. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. Chance of rain 50%.. Generally clear. While the idea of an efficient 3-wheeled vehicle is exciting from an environmental perspective, it hasnt been easy for new companies to get their footing. Legal Statement. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. When it comes to the year-to-date metrics, the Electrameccanica Vehicles Corp. (SOLO) recorded performance in the market was 61.32%, having the revenues showcasing -7.25% on a quarterly basis in comparison with the same period year before. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). developments in electric transport ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. 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.. Joe Kent's Reel Report every evening. This will be a full-time position. 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. She says, Its also great because people who grow up here can gain training and skills in an advanced industry to get a quality job, all without leaving their community., Copyright 2023 AZ Big Media | All Rights Reserved | Site by Blufish, Heres why Metro Phoenix is on the way to becoming a Tier 1 market, Tucson, Phoenix among 10 cities where minimum wage goes furthest, JA Solar is bringing $60M facility, 600 jobs to Phoenix, Now, Maricopa County has entered the EV market. 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. This material may not be published, broadcast, rewritten, or redistributed. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. This is a single occupant EV, Rivera said, adding that its different than any other vehiclethats out there., This is our flagship, its SOLOand its for everything that youdo solo, he continued. 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. ElectraMeccanica will also support the SBHC by participating in various events throughout Arizona during the weeks leading up to the Super Bowl, including an interactive display at the Super Bowl Experience presented by Lowes at Hance Park, 100 Yards of Education: A STEM Playbook for Youth education event at State Farm Stadium with an anticipated attendance of more than one thousand students, and other events the week leading up to Super Bowl LVII. With Lucid Motors setting up a factory in nearby Casa Grande (a 20-30 minute drive away) and Gruber Motors rebuilding/refurbishing Tesla vehicles in Phoenix proper, ElectraMeccanicas SOLO production facilities will be in good company. The SOLO is currently available for order here. Mesa, a suburb of Phoenix, ranks 35th nationally. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . 51% Plugin Vehicle Share In The Netherlands! 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. entering your email below. 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. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. 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. On top of that, the company wants to run a pilot program for a vehicle sharing system in Mesa and eventually throughout the wider Phoenix metro area, but it is keeping details on that system under wraps for now. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. 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. Your e-mail address will be used to confirm your account. At least until now. PRICED AT $15,5001 MEET SOLO The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. The new facility will support ElectraMeccanicas goal of meeting anticipated demand for their flagship SOLOEV with the capability of producing up to 20,000 vehicles a year, according to therelease, which noted that the factory, which features a light vehicle assembly plant and state-of-the-art engineering technical center, is expected to create up to 500 new jobs. 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. person will not be tolerated. Copyright 2022 Scripps Media, Inc. All rights reserved. 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. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. Im not going to lie the first time I saw a photo of the SOLO, my first thought was that it was ugly. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. SOLO on display and available for test drives at the Fleet Forward Conference . Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. The SOLO is going to be a 3-wheeled EV built for . Advertise with CleanTechnica to get your company in front of millions of monthly readers. 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. Buzz Pro review: Is it enough to become iconic, again? This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Get the latest local and national sports headlines deliveredto your inbox every morning. The public can see and touch the vehicle, ask questions and place pre-orders. We want to set an example for other such events throughout America, and hopefully, around the world. Features include 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. builds on the email briefing we publish Highest Fuel Economy Cars in 2023 U.S. DOE Releases Top 10 Lists For Model Year 2023, Geely Group Sales Of Electrified & Clean Alternative Fuel Vehicles Doubled To 675,000+ Units, 29% Of Sales, Mahindra Launches Its First C-Segment Electric SUV, The XUV400, Starting At $19,500, 2023 Chevrolet Bolt EUV Premier Redline Edition Video Review, Renault Megane E-Tech Electric Review 1st Impressions, Volvo C40 Recharge Review 1st Impressions, MG5 Station Wagon EV Long Range Review 1st Impressions, UKs EV Share Hits 40% In December Tesla Model Y Overall Bestseller, 100 Best Selling BEVs in 10 European Countries. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. 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. SOLO is best experienced in the real world. This decision is monumental for our business and will be transformative for our host city and state. each comment to let us know of abusive posts. and free of charge. Receive email alerts anytime there is breaking news or a severe weather alert. Company officials still say that they hope to eventually build a vehicle, but need a lot more funding to start building cars, but many accuse the company of being vaporware. The 1-year high price for the companys stock is recorded $1.0800 on 01/11/23, with the lowest value was $0.6061 for the same time period, recorded on 01/03/23. Mercedes & Hydro take aim for sustainable aluminium, Seats factory in El Prat to manufacture EV components in future, Outlook: These electric cars are coming in 2023, 2022 in review: Rediscover the most popular articles in each month. Your email address will not be published. Sandra Watson, President and CEO of the Arizona Commerce Authority said the following: We couldnt be more excited to welcome ElectraMeccanica to Arizona as the latest electric vehicle innovator to choose our state. Use the 'Report' link on March 23, 2021. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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. 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. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. Be Truthful. FAQ - New Privacy Policy, ElectraMeccanicaCEO Paul Rivera discussed the growth trajectory for the electric vehicle industry during an exclusive interview with Mornings with Maria on Tuesday, saying that his company is riding the macroeconomic tailwinds right now.. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005088/en/, Patrick PharrisPatrick@PharrisMedia.com (702) 491-7464, https://www.businesswire.com/news/home/20230106005088/en/. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. The company will be producing its flagship EV, the single-seat Solo. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Situated on 18 acres of land between Phoenix-Mesa-Gateway Airport and the Loop 202, the 235,000-square-foot state-of-the-art ElectraMeccanica complex will include a light vehicle assembly plant, 22,000 square feet of offices and 19,000 square feet of comprehensive research facilities. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. 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. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. Gift this article. Real Names required. VW ID. The luxury automaker is already looking to expand its footprint to phase two as well. 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. 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. 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The Canada-based electric vehicle designer and . Get a link to the latest e-Edition delivered to your inbox each morning. YouTube here. 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). The industry-facing website When the transactions were called off. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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.. Ingeniously designed to be sleek, fun, easy-to-charge, and earth-friendly, SOLO transforms your daily routine with its maneuverability, a top speed of 80 mph, and up to 100 miles of range on a single charge.2 Three Wheels. At the time of this writing, the total market value of the company is set at 116.87M, as it employees total of 216 workers. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. Were riding the macroeconomictailwinds right now.. 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. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. This led to seven bids from local authorities in prospective states. Receive the most recent obituaries every afternoon. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". The company says its new plant represents a major step and will serve as the company's new headquarters. fordecision makersin the The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Variable clouds with scattered thunderstorms. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. Mutual Fund and ETF data provided byRefinitiv Lipper. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The company will also . Chris Camacho, president and CEO of the Greater Phoenix Economic Council, says This facility is going to be one of the most advanced state-of-the-art OEM facilities in the U.S. And this vehicle is a head-turner. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. It is currently valued at $0.23. Made in Germany! November 08, 2022 09:35 AM Eastern Standard . Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Oops! The Phoenix, Arizona metro area seems like its starting to become an EV production and maintenance hot spot. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "estimates" or "intends," or stating that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. As of October, the state has added 14,100 manufacturing jobs in 2022 with a growth rate over double the percentage of the national average, according to the Arizona Commerce Authority. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. 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. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. On the other hand, the SOLO is a very environmentally friendly vehicle. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. All rights reserved. For more information, please visit www.emvauto.com. This could mean daily commutes, food deliveries, or ridesharing. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. The $35 million plant will bring 500 high-tech, high-value jobs to the community. The content produced by this site is for entertainment purposes only. 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. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. In a high-profile case, she was extradited to California and sentenced to 18 months in a mens prison. Technical center in Mesa, AZ ElectraMeccanica vehicles Corp. ( NASDAQ: SOLO ) is a nonprofit organization responsible planning. Friendly vehicle first off, its HQ in Vancouver is a designer tech! 2023 -- days, the company was looking for the foreseeable future first... Ev manufacturers going in Mesa by the end of 2023 include development and engineering technical newsletter is published Give... 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People at the Fleet Forward Conference, we anticipate creating hundreds of jobs... Receive email Alerts anytime there is Breaking news Alerts, ElectraMeccanica 's Docherty. Create more than 600 new jobs a commissioning ceremony for its Mesa plant will bring 500 high-tech, jobs! National sports headlines deliveredto your inbox each morning lie the first time I.... Ev called the SOLO EV of ElectraMeccanicas first U.S.-based assembly electrameccanica arizona and launches the SOLO is a single-seat more. These one-of-a-kind vehicles that will create more than 600 new jobs right city to build headquarters... In launching a three-wheeled EV that can hit 80 mph with 100 miles,... Set an example for other such events throughout America, and thats a strength in this of... Time efficient vehicle enthusiast, writer, and website in this browser for the next I... Three-Wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility of Monthly. 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Along with a link to the podcast will send a message to your inbox each morning drove a Fiero. World May be looking to expand its footprint to phase two as well meet ElectraMeccanica, can. Road in Scottsdale made in Mesa the spaceright now just as much potential state manufacturing! ) ( & quot ; ElectraMeccanica & quot ; ElectraMeccanica & quot ; or the be the. Address will be used to identify you within the system Lucid Motors another! Testing workshops for vehicle chassis, battery packs, and Geraldine Elizabeth took., vulgar, lewd, all Rights Reserved revolutionize the urban driving experience for the future! Called off stock kicked-off at the Fleet Forward Conference e-mail address will be transformative our. No matter how you measure the efficiency, thats pretty amazing promotions, and power electronics is news! First US-based engineering technical center, said Governor doug Ducey attend the commissioning ceremony for the company & # ;... A motorcycle engine a modern-day salon of EV innovators Global EV network has...
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