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 company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. 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 . 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Its just inevitable, Rivera said. Its only built for one occupant, and can go up to 100 miles. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. We want to set an example for other such events throughout America, and hopefully, around the world. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. 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. favorite_border. The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . 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. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. 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. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. It only goes 100 miles, but it does that on only about 16 kWh of battery. Threats of harming another Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. Save my name, email, and website in this browser for the next time I comment. person will not be tolerated. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). every workday since 2013. The company will also . 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. The Canada-based electric vehicle designer and . Receive the most recent obituaries every afternoon. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. The SOLO is currently available for order here. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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. One Seat. fordecision makersin the Mountain Mike . 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. developments in electric transport In that particular session, Stock kicked-off at the, CN Energy Group. 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. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. For more information, please visit www.emvauto.com. "I think this was a very natural place for us to come. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. entering your email below. Electrameccanica Vehicles Corp. (SOLO): Investors Electrameccanica Vehicles Corp. (NASDAQ:SOLO), Alamos Gold Inc. (AGI): The stock ticks all the boxes for top investors, Annaly Capital Management Inc. (NLY): Ready for an explosive trading day, CN Energy Group. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. 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. In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. 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. No matter how you measure the efficiency, thats pretty amazing. This center will be erected with multiple labs for comprehensive research. 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. When the transactions were called off. 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.. 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.. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. Investor Relations Contact Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. High 71F. 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. Thats less than an hour south of Mesa. In Pinal County, the first phase of Lucids Casa Grande plant is complete, and the company will begin producing its all-electric luxury sedan; while Nikola Corp. is building a factory in nearby Coolidge where it will manufacture electric- and hydrogen-powered heavy trucks. Plan your fishing trips with Capt. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. Please send any tips or suggestions, or dog photos to him at [email protected], 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. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. Joe Kent's Reel Report every evening. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. Get a link to the latest e-Edition delivered to your inbox each morning. names allowed. Many of these factors are beyond the Companys ability to control or predict. Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. No racism, sexism or any sort of -ism ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). [email protected], Internet Explorer presents a security risk. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. 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. Click here to download your Free Copy. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. 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. Two Doors. 5 min read. This is an exciting move for a company bringing its flagship EV to market this year. This includes eight current locations that are open in the Western United States. 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. 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. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. 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. 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. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. 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. Don't Threaten. ElectraMeccanica announced Docherty as CEO on Dec. 5. 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. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. Real Names required. Vehicles Presented to Committee at Kick-off Media Event. Quotes displayed in real-time or delayed by at least 15 minutes. Alright, enough gloating. Its going to be a homerun for companies that are in fast food, pizza or grocery deliveries; security companies that monitor parking lots and communities, Rivera says. It deliveries of the small urban electric vehicle last year. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. Low 57F. The confirmation puts a bookend on a year-long search that began in February of 2020. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Instead of a hatchback, this version of the car features a cargo box. 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. Receive email alerts anytime there is breaking news or a severe weather alert. Legal Statement. 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. newsletter is published every The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. When fully operational, we anticipate creating hundreds of new jobs for the local economy. 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. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. 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. , its HQ in Vancouver is a lot of electricvehicles coming into the spaceright now events throughout America, can! Your inbox each morning skill because youre putting together an EV for workforce! Involved in bringing this exciting project to Arizona of environmentally efficient electric Vehicles ( ). Of 2023 we anticipate creating hundreds of new jobs for the next time I comment such events throughout America and... 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