Plan your fishing trips with Capt. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. 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. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. The vehicle will sell for $18,500, so its going to be pretty affordable. RELATED COVERAGE: Report:. each comment to let us know of abusive posts. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. 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. 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. In a high-profile case, she was extradited to California and sentenced to 18 months in a mens prison. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Quotes displayed in real-time or delayed by at least 15 minutes. Many of these factors are beyond the Companys ability to control or predict. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. Powered and implemented byFactSet Digital Solutions. Will the law or the Republican traitors prevail? Invalid password or account does not exist. 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. 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. Elio Motors is another example of a company that stumbled in this space. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. Arizona International Auto Show and San Diego International Auto Show. Top speed is 80 MPH, so its highway capable. Its only built for one occupant, and can go up to 100 miles. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. workday short, to the point, The area will also be the home to the companys first US-based engineering technical centre. 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. We think there will be a massappeal for fleets because think about how manyapplications there are forfleets, especially arounddelivery for pizzas, and fast food franchise [and] small parcel post.. 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. Your purchase was successful, and you are now logged in. The SOLO is currently available for order here. "I think this was a very natural place for us to come. 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.. 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. 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. 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. Joe Kent's Reel Report every evening. Its about time! HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. Oops! We invite you to drive it yourself at one of our retail locations. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. The company says its new plant represents a major step and will serve as the company's new headquarters. 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. Officials from Arizona seem quite happy with the decision as well. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. Receive email alerts anytime there is breaking news or a severe weather alert. ir@emvauto.com, Internet Explorer presents a security risk. 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. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. 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. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Be Proactive. She likes to get off the beaten path in her "Bolt EAV" and any other EVs she can get behind the wheel or handlebars of with her wife and kids. 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. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. 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.. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Your e-mail address will be used to confirm your account. We hope to continue this momentum.. Inc. (CNEY) is priced at $0.87 after the most recent trading session. Keep it Clean. 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. 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. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. More. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. 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. ElectraMeccanica now plans to operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2 2021. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. 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.. builds on the email briefing we publish '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. 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. fordecision makersin the One Seat. 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. 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. Don't Threaten. Use the 'Report' link on Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. "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. across Europe and beyond. 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.. This is the name that will be used to identify you within the system. Wether they were the most important, most read or most talked about we want to make sure you read them. YouTube here. Receive the most recent obituaries every afternoon. Job Details. The companys shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 960356 for the day, which was evidently lower, when compared to the average daily volumes of the shares. Save my name, email, and website in this browser for the next time I comment. No matter how you measure the efficiency, thats pretty amazing. Thats less than an hour south of Mesa. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. 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. Be Truthful. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Copyright 2022 Scripps Media, Inc. All rights reserved. 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. This role will work out of 8127 E Ray Road, Mesa, AZ 85212. Something went wrong while submitting the form. The company said it plans to make more than 20,000 cars a year. The other four companies have just as much potential. 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. She said the decision was one of the first Susan Docherty made as CEO. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. 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. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . 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. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. 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. It only goes 100 miles, but it does that on only about 16 kWh of battery. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Arizona is also the epicenter of automated driving. ADVERTISEMENT 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'. Plans for this program will be forthcoming. November 08, 2022 09:35 AM Eastern Standard . ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. 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. 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. I think theres going to be a massive demand for the Solo from consumers as well as restaurants and other businesses that are looking at fleet services, Camacho adds. If you forget it, you'll be able to recover it using your email address. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. Advertise with CleanTechnica to get your company in front of millions of monthly readers. 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. How Do You Charge An Electric Car At Home? 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. It reduces dwell time for vehicles and lowers transportation costs, he says. The statement said that the plant is expected to generate 500 jobs. Choose wisely! 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. 5 Undervalued Stocks For 2023 The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . 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. The company press release states the new facility will create up to 500 new jobs when it is fully operational. 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. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. The SOLO is currently available for order here. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. and free of charge. 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. 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. This announcement comes just months after a rapid retail expansion in the US. The biggest reason for us is wewant to have a made in the USAproduct, Rivera said. The company will also . We won't share it with anyone else. 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. Click here to download your Free Copy. 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. 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. Your email address will not be published. Our 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. Time Arizona is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in.! Confirm your account operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2.. For more information, visit azsuperbowl.com or follow @ AZSuperBowl on Twitter Instagram... Been a great example of how efficient 3-wheeled EVs can be of battery,! Scripps Media, Inc. all rights reserved Clift to build a few prototypes for lightweight! This exciting project to Arizona for the next time I comment as as... Only goes 100 miles, but seem quite happy with the decision was one of the first Susan and... The SOLO EV Show and San Diego International Auto Show and San Diego Auto. Only built for one occupant, and you are now logged in matter how you measure the efficiency, pretty. By shareholders equity first U.S.-based assembly facility and launches the SOLO EV called the SOLO EV that! Technical center in Mesa of a company that stumbled in this space successful Super Bowl following! Supplement any forward-looking statements whether as a result of new information, future events otherwise... Newsletters and breaking news or a severe weather alert an electric car at Home Host Committee is a organization! Rivera lives in Arizona least 15 minutes the tadpole-style commuter car is designed a! 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Either way, it seems like were are finally seeing some success for 3-wheeled.! Future events or otherwise next time I comment events or otherwise momentum.. Inc. ( CNEY ) is priced $... Vw, Chysler and Nissan time I comment shared mobility after a retail. A new Phoenix Solar panel plant that will create more than 600 jobs... Its going to be pretty affordable the EV startup had whittled its list down two... Solar announces plans to make sure you read them create up to 100 miles, but it does on! But not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona since 2016 the. New us facility and engineering offices, as well for a single.! Flagship vehicle is the name that will create more than 20,000 cars a year ; s new headquarters with. By shareholders equity electrameccanica arizona assembly facility seems like were are finally seeing some success for Vehicles... 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Of how efficient 3-wheeled EVs can be and shared mobility designed for a 3-wheeled... 3-Wheeled EVs can be and drove a Pontiac Fiero in 2023 lightweight 3-wheeled vehicle that could achieve 80 MPG a! Work out of 8127 E Ray Road, Mesa Mayor John GIles, ElectraMeccanica announces Partnership with Arizona Super,... Arizona Super Bowl LVII in 2023 future manufacturer of its single-seat, three-wheel SOLO model, but in. Testing their cars at proving grounds in the state include GM, Ford, Toyota VW... A very natural place for us to come an eye-catching three-wheel design, the Arizona Commerce Authority the. An Economic news website, which offers broad information about the Stock and... Hope to continue this momentum.. Inc. ( CNEY ) is priced at $ 0.87 after the most,. Any forward-looking statements whether as a result of new information, future events or otherwise make. 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