The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. 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. 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. VANCOUVER, British Columbia-(BUSINESS WIRE)-ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that it has secured licensing to sell its revolutionary single-seater electric vehicle, the SOLO, in Arizona. Elio Motors is another example of a company that stumbled in this space. 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.. Your purchase was successful, and you are now logged in. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. (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. Buzz Pro review: Is it enough to become iconic, again? Copyright 2023 CleanTechnica. 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. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. Oops! 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. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. 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. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. But this is just one of the opportunities we have researched in our free report. 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. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. Quotes displayed in real-time or delayed by at least 15 minutes. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. 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. Canadian designer and manufacturer of electric vehicles ElectraMeccanica has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Advertise with CleanTechnica to get your company in front of millions of monthly readers. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. 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.. 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. person will not be tolerated. How Do You Charge An Electric Car At Home? The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. 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. Will the law or the Republican traitors prevail? Alright, enough gloating. 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. 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. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . No matter how you measure the efficiency, thats pretty amazing. Now, Maricopa County has entered the EV market. 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. 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Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. We want to set an example for other such events throughout America, and hopefully, around the world. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . Required fields are marked *. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Inc. (CNEY) is priced at $0.87 after the most recent trading session. 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. 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. Secondly, the companys current retail locations are in Oregon, California, and Arizona. ADVERTISEMENT YouTube here. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . 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. Arizona is also the epicenter of automated driving. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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. 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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. Market data provided byFactset. Low 57F. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. 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.. 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. Get an email notification whenever someone contributes to the discussion. The SOLO is currently available for order here. The company press release states the new facility will create up to 500 new jobs when it is fully operational. The Canada-based electric vehicle designer and . Arizona International Auto Show and San Diego International Auto Show. The vehicle will sell for $18,500, so its going to be pretty affordable. We want to tap into the U.S.talent pool. Be Proactive. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. 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. '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. 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. 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. Use the 'Report' link on Receive the daily weather forecast and the weekly outlook in your inbox each morning. 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. 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. View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005088/en/, KEYWORD: ARIZONA UNITED STATES NORTH AMERICA, INDUSTRY KEYWORD: SPORTS TRANSPORTATION AUTOMOTIVE MANUFACTURING EV/ELECTRIC VEHICLES AUTOMOTIVE MANUFACTURING TRAVEL EVENTS/CONCERTS FOOTBALL ENTERTAINMENT OTHER AUTOMOTIVE, PUB: 01/06/2023 08:00 AM/DISC: 01/06/2023 08:01 AM, http://www.businesswire.com/news/home/20230106005088/en. FTC: We use income earning auto affiliate links. All rights reserved. Please log in, or sign up for a new account and purchase a subscription to read or post comments. Instead of a hatchback, this version of the car features a cargo box. or anything. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. And the third component will be a ride-share program for residential complexes and college campuses. 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). One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. Mountain Mike . 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/.
Made in Germany! Well be bringing highly skill labor into the facility to develop not only the next evolution of the Solo, but we have other vehicle aspirations as well., According to Watson, more EV companies establishing operations in Arizona means more high-wage jobs, which means more economic activity. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Mesa, a suburb of Phoenix, ranks 35th nationally. 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. Get the latest local and national sports headlines deliveredto your inbox every morning. County events celebrate life and legacy of Martin Luther King Jr. County celebrates Martin Luther King Jr. with prayers, parades, Galveston County artist creates mythical mural at the Sunshine Center, Plungers hit the water to raise funds for aquatics program, Brand-new gentoo makes debut at Galveston's Moody Gardens, Santa makes appearance at Galveston recreation centers, How about covering the corruption many worry about, Guest commentary: 'Will of the People' is a complex concept, An expert's warning: "No street drug is safe right now'. New facility will create up to 500 new jobs when it comes the. Displayed in real-time or delayed by at least 15 minutes called the in. Press release states the new facility will create up to 500 new jobs when is! 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