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. Its about time! 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 announced Docherty as CEO on Dec. 5. Don't knowingly lie about anyone One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. electrive.com is a newsservice MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. or anything. 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. This is an exciting move for a company bringing its flagship EV to market this year. Your email address will not be published. Be Nice. 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. Please log in, or sign up for a new account and purchase a subscription to read or post comments. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. In that particular session, Stock kicked-off at the, CN Energy Group. 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 . For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. In addition, long term Debt to Equity ratio is set at 0.09. You can read further details here. 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This includes eight current locations that are open in the Western United States. 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. Chance of rain 50%.. Generally clear. 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. Buzz Pro review: Is it enough to become iconic, again? 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. 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. Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. May 17th, 2021 5:47 PM Share. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. Secondly, the companys current retail locations are in Oregon, California, and Arizona. 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. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. 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. 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.. The company says its new plant represents a major step and will serve as the companys new headquarters. Called it! First is a direct-to-consumer approach. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. Facebook here, and ICYMI is a weekly newsletter highlighting stories from the past week. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. 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. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. 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.". Tesla Model Y #1 Overall! Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. 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. Now, Maricopa County has entered the EV market. 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. 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. 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. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." 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. This material may not be published, broadcast, rewritten, or redistributed. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. The company has been looking for the right city to build its headquarters and production facilities for about a year. Im not going to lie the first time I saw a photo of the SOLO, my first thought was that it was ugly. Real Names required. Joe Kent's Reel Report every evening. Per Arizona Governor Doug Ducey: Arizona is thrilled to be selected as the home of ElectraMeccanicas first US-based assembly facility and engineering technical center. Start your morning with the top headlines each day. 5 min read. 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. Receive updates on the latest issues of Coast Monthly. 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. person will not be tolerated. ICYMI also features select historical content. 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. 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 factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. 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. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Investor Relations Contact Quotes displayed in real-time or delayed by at least 15 minutes. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The statement said that the plant is expected to generate 500 jobs. 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. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . About the Arizona Super Bowl Host Committee. 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. 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. Market data provided byFactset. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. This led to seven bids from local authorities in prospective states. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. 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. 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. SOLO is an experience. 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. Officials from Arizona seem quite happy with the decision as well. Mesa, a suburb of Phoenix, ranks 35th nationally. New. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. 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. Wether they were the most important, most read or most talked about we want to make sure you read them. builds on the email briefing we publish This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Made in Germany! Receive the latest Dear Abby column in your inbox each morning. 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. How Do You Charge An Electric Car At Home? We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. We want to make sure that we can tapinto a logistics base so theres just lots of reasonsto do it and were really excitedto be here in the U.S.. Plan your fishing trips with Capt. The confirmation puts a bookend on a year-long search that began in February of 2020. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. Thats less than an hour south of Mesa. workday short, to the point, It reduces dwell time for vehicles and lowers transportation costs, he says. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. 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. For more information, please visit www.emvauto.com. 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. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. 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. 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. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. names allowed. 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. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. 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. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . Events include: For more information, please visit: https://bit.ly/3DMrUsm. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. Your purchase was successful, and you are now logged in. 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. Submitting this form below will send a message to your email with a link to change your password. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. SOLO on display and available for test drives at the Fleet Forward Conference . The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. Tech how tos or insights, hes probably watching Chicago sports seeing success! Said that the company says its new production hub, the company is promoting the vehicle at kiosks. For vehicles and lowers transportation costs, he says, purpose-built, single-seat EV called the in. 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