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. 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. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. Just the fact that theres a lot of EVs in Los Angeles, San Francisco and up the coast in Washington and Oregon, made this location ideal for us. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. 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. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. Plans for this program will be forthcoming. 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. 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.. Your e-mail address will be used to confirm your account. 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. Your email address will not be published. Don't Threaten. Apply on company site. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. These are good, high-tech jobs, says Giles. Forward-looking statements are made based on managements beliefs, estimates and opinions on the date the statements are made, and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Two Doors. 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. 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.. Receive special offers from The Daily News and select partners including discounts, contests and more. 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. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. Be Truthful. 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. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. 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.
person will not be tolerated. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 51% Plugin Vehicle Share In The Netherlands! Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. The $35 million plant will bring 500 high-tech, high-value jobs to the community. '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. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. May 17th, 2021 5:47 PM Share. It takes a village to do what we are doing. It deliveries of the small urban electric vehicle last year. The SOLO is currently available for order here. Threats of harming another 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. Get a link to the latest e-Edition delivered to your inbox each morning. The new factory will ultimately create about 500 jobs, and the people working there will be able to build up to 20,000 of the SOLO vehicles every year. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. racist or sexually-oriented language. This led to seven bids from local authorities in prospective states. ElectraMeccanica now plans to operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2 2021. 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. Mesa, a suburb of Phoenix, ranks 35th nationally. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. 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. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. 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.. If you forget it, you'll be able to recover it using your email address. 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. Your account has been registered, and you are now logged in. Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. New. ElectraMeccanica will lease the building from developer MarWest Enterprises. ir@emvauto.com, Internet Explorer presents a security risk. 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. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. 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. This center will be erected with multiple labs for comprehensive research. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. builds on the email briefing we publish 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. names allowed. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . 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. The SOLO is currently available for order here. entering your email below. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. 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. 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. MESA, Ariz., January 06, 2023--(BUSINESS WIRE)--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. and free of charge. YouTube here. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona In addition to building their own vehicles, ElectraMeccanica's new facility will be able . Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. 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.". Receive updates on the latest issues of Coast Monthly. 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. Elio Motors is another example of a company that stumbled in this space. Thats less than an hour south of Mesa. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. March 23, 2021. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. 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. (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. Will the law or the Republican traitors prevail? 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. 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.. More. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. 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. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. High 71F. 2023 Electra Meccanica. 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. ICYMI is a weekly newsletter highlighting stories from the past week. Choose wisely! The SOLO is going to be a 3-wheeled EV built for urban environments. And the third component will be a ride-share program for residential complexes and college campuses. Get an email notification whenever someone contributes to the discussion. 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. 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. that is degrading to another person. Winds WSW at 10 to 20 mph. Start your morning with the top headlines each day. 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. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. In a high-profile case, she was extradited to California and sentenced to 18 months in a mens prison. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Now, Maricopa County has entered the EV market. 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. This is an exciting move for a company bringing its flagship EV to market this year. Click here to download your Free Copy. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. 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. Give Light and the People Will Find Their Own Way. 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. 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. The public can see and touch the vehicle, ask questions and place pre-orders. Wether they were the most important, most read or most talked about we want to make sure you read them. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The company's flagship vehicle is the innovative, purpose-built, single-seat. 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 believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. Investor Relations Contact electric mobilityindustry. 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. 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. across Europe and beyond. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. It was originally meant to be acommuter vehicle, but think about everything that you do byyourself, you can get groceries byyourself, you go to Pilates by yourself, to the gym, you govisit friends by yourself., He went on to say that the price point is $18,500 andthe SOLO EV has a 100-mile all urbanrange, an80-mile-per-hour top speed andit has a lot of the same comfortfeatures as a typical car.. We hope to continue this momentum.. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. 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. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. electrive.com is a newsservice 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. 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.. FTC: We use income earning auto affiliate links. 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. 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. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. The Canadian company says that its new manufacturing facility in Mesa, Arizona, represents its commitment to officially establish the company as an American OEM by the end of this year. 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. Any 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 anticipates, estimates, projects, expects, contemplates, intends, believes, plans, may, will, or their negatives or other comparable words) are not statements of historical fact and should be viewed as forward-looking statements. 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 was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . You can read further details here. 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This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Bringing our manufacturing facility and vision for our company to life only works if there is a true partnership between local and state government leaders who are committed to economic development, along with solid business partners who share a vision to create products that consumers crave.. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. It reduces dwell time for vehicles and lowers transportation costs, he says. Arizona is also the epicenter of automated driving. newsletter is published every Something went wrong while submitting the form. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. 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. Chance of rain 50%.. Generally clear. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Ford & CATL Factory Wont Be Built In Virginia. This role will work out of 8127 E Ray Road, Mesa, AZ 85212. 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.
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