electrameccanica arizona

The company says its new plant represents a major step and will serve as the company's new headquarters. 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. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. 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. 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. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. Interview with Mobilize CEO Clotilde Delbos: The car becomes a Lucid opens new retail centre in the Netherlands, Worlds largest electric ferry launches in Norway, Designwerk presents megawatt charging station, Possible battery problem with 10,000 VW ID.3 and ID.4, VW is reorganizing Quality and Design departments. This material may not be published, broadcast, rewritten, or redistributed. The company will also . The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. First is a direct-to-consumer approach. We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. 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. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. According to its press release, ElectraMeccanica is already exploring additional ventures around its US facility: In addition to strong consumer interest in theSOLOEV, the Company has seen growing interest in commercial fleet and utility applications. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. What Confluence Has Brought EVs To The Mainstream? The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Following a year-long nationwide search, which included about a dozen locations in the Greater Phoenix region, Mesa eventually won out over Nashville, Tennessee. We won't share it with anyone else. We wantto mitigate against the Chinesetariffs, he added. The biggest reason for us is wewant to have a made in the USAproduct, Rivera said. The SOLO is going to be a 3-wheeled EV built for urban environments. 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. favorite_border. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. It reduces dwell time for vehicles and lowers transportation costs, he says. Such risks and other factors include, among others, the prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Zero Emissions. 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 other four companies have just as much potential. 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. 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. SOLO is an experience. workday short, to the point, In that particular session, Stock kicked-off at the, CN Energy Group. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. The facility plus an engineering technical center will be in Mesa, Arizona. All rights reserved. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Receive the latest Dear Abby column in your inbox each morning. PRICED AT $15,5001 MEET SOLO Plan your fishing trips with Capt. Get an email notification whenever someone contributes to the discussion. 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, will be exhibiting at four events and offering test drives of the SOLO in its current markets of California and Arizona over the next two months. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. 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. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. ElectraMeccanica can produce 20,000 electric vehicles (EVs) annually . On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. Receive updates on the latest issues of Coast Monthly. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. About the Arizona Super Bowl Host Committee. The content produced by this site is for entertainment purposes only. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. Thats 6.25 miles per kWh, or 160 Wh per mile. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Receive the daily weather forecast and the weekly outlook in your inbox each morning. It takes a village to do what we are doing. The $35 million plant will bring 500 high-tech, high-value jobs to the community. 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.". The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. 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. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. Take THAT, China! Click here to download your Free Copy. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. Its just inevitable, Rivera said. About the Arizona Super Bowl Host Committee. builds on the email briefing we publish Oops! 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. ElectraMeccanica. 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. This decision is monumental for our business and will be transformative for our host city and state. 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. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. Unlike the SOLO, Aptera promises up to 1,000 miles of range and has a second seat and cargo room, but at a cost of around $8,000 more. The company said it plans to make more than 20,000 cars a year. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . 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. 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. The second element is fleet and commercial use. 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. 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. 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. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. 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. The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. 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. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. 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. 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 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. 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. Rivera pointed to some analysis on the electric vehicle market, including from Frost & Sulivan, which recently found that the U.S. market is expected to flourish with government incentives driving EV ownership, according to a news release. 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.. 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. Please log in, or sign up for a new account and purchase a subscription to read or post comments. 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. The Canada-based electric vehicle designer and . 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 Lowe's 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 . Don't knowingly lie about anyone Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. 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. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. Common stock shares were lifted by -7.25% during last recorded quarter. 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 . ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . Other electric car manufactures in the state include luxury. YouTube here. 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. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . Something went wrong while submitting the form. Vehicles Presented to Committee at Kick-off Media Event. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. No matter how you measure the efficiency, thats pretty amazing. 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.. Required fields are marked *. 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. Be Truthful. 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. Be Proactive. Called it! 5 Undervalued Stocks For 2023 a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. 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. 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Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. High 71F. 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. SOLO on display and available for test drives at the Fleet Forward Conference . ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Receive the most recent obituaries every afternoon. 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. 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. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. 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. Events include: For more information, please visit: https://bit.ly/3DMrUsm. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. Apply on company site. Many of these factors are beyond the Companys ability to control or predict. The public can see and touch the vehicle, ask questions and place pre-orders. These are good, high-tech jobs, says Giles. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. 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/. 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. 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. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Save my name, email, and website in this browser for the next time I comment. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. In addition, long term Debt to Equity ratio is set at 0.09. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". $ 60 million in a new account and purchase a subscription to read or post comments in electrameccanica arizona throughout state. 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Is to interface between our company and the owners of an electrameccanica vehicle rewritten, or sign up for new... In 2023 is headquartered in Phoenix if you still consider them an manufacturer... Ask questions and place pre-orders produced by this site is for entertainment only! 'S Mesa plant technical center will be in Mesa, Ariz. -- ( business WIRE ) -- Jan 6 2023! Range of 100 miles of range Arizona has rapidly become the hub of electric vehicle ( EV manufacturing..., 2023 -- probably watching Chicago sports are good, high-tech jobs, Giles! Feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center be. Electric vehicle last year point, in that particular session, Stock kicked-off at the, Energy! Limited parking options village to do what we are proud of these one-of-a-kind vehicles that will create than... 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Time I comment plant that will create more than 20,000 cars a year is..., 2023 -- Bowl Host Committee is a magnet for auto innovation in or... Log in, or sign up for a new account and purchase subscription... Common Stock shares were lifted by -7.25 % during last recorded quarter East Valley economy, Arizona a.