The industry-facing website Be Proactive. November 08, 2022 09:35 AM Eastern Standard . person will not be tolerated. 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.. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. On the run for past crimes, including counterfeiting, Geraldine was also struggling to live as a transgender woman in a time when the US public was outright hostile to the LGBT community (but she did have the support of her wife and children). How Do You Charge An Electric Car At Home? 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. Facebook here, and Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. Ford & CATL Factory Wont Be Built In Virginia. 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. The vehicle will sell for $18,500, so its going to be pretty affordable. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. ElectraMeccanica will lease the building from developer MarWest Enterprises. While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. 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. 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.". Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. 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. Start your drive at one of our display locations. The SOLO is going to be a 3-wheeled EV built for urban environments. It only goes 100 miles, but it does that on only about 16 kWh of battery. It takes a village to do what we are doing. VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona electrive.com is a newsservice 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. 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. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . (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. The SOLO is currently available for order here. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. each comment to let us know of abusive posts. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. 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. Supplying the electric vehicle boom and potentially driving its stock price off the charts. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Officials from Arizona seem quite happy with the decision as well. 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. 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. 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.. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. 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. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. This material may not be published, broadcast, rewritten, or redistributed. You can read further details here. Will the law or the Republican traitors prevail? 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. When fully operational, we anticipate creating hundreds of new jobs for the local economy. 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. Events include: For more information, please visit: https://bit.ly/3DMrUsm. Powered and implemented byFactSet Digital Solutions. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. What Confluence Has Brought EVs To The Mainstream? 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. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. every workday since 2013. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." Following a year-long nationwide search, which included about a dozen locations in the Greater Phoenix region, Mesa eventually won out over Nashville, Tennessee. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. No other state in the country provides a better environment for ElectraMeccanica to scale its leading-edge technology, and we look forward to continuing to be a partner in the companys long-term success. 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. This is an exciting move for a company bringing its flagship EV to market this year. This led to seven bids from local authorities in prospective states. "I think this was a very natural place for us to come. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. Plans for this program will be forthcoming. But this is just one of the opportunities we have researched in our free report. Quotes displayed in real-time or delayed by at least 15 minutes. This is the center of gravity of the electric vehicle market," Brink said. Now, Maricopa County has entered the EV market. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. Lets start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. 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. and free of charge. 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. Now, Maricopa County has entered the EV market. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. Zero Emissions. Required fields are marked *. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. Give Light and the People Will Find Their Own Way. Get a link to the latest e-Edition delivered to your inbox each morning. electric mobilityindustry. FTC: We use income earning auto affiliate links. The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . 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. 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 SOLO is currently available for order here. SOLO is an experience. 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. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. It deliveries of the small urban electric vehicle last year. Your email address will not be published. Your account has been registered, and you are now logged in. The other four companies have just as much potential. When the transactions were called off. This could mean daily commutes, food deliveries, or ridesharing. SOLO is best experienced in the real world. that is degrading to another person. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Theelectromotive vehicle market in America is estimated to register a nearly five-fold growth, reaching nearly 7 millionunit sales by 2025 from1.4 million last year, according to the analysis. ir@emvauto.com, Internet Explorer presents a security risk. The company said it plans to make more than 20,000 cars a year. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. Wether they were the most important, most read or most talked about we want to make sure you read them. 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. 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. 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.. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. The SOLO is currently available for order here. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. ElectraMeccanica has crafted a three-part strategy for rolling out the Solo. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. We invite you to drive it yourself at one of our retail locations. EVs Take 55% Of The German Auto Market In December! Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. This role will work out of 8127 E Ray Road, Mesa, AZ 85212. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Our Secondly, the companys current retail locations are in Oregon, California, and Arizona. ICYMI also features select historical content. 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. Inc. (CNEY) is priced at $0.87 after the most recent trading session. 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. Elio Motors is another example of a company that stumbled in this space. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. '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. 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. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. . RELATED COVERAGE: Report:. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. 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. favorite_border. 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. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional vessel around Phoenix. The company will also . I want to thank Governor Ducey, his team, the state of Arizona and everyone whos been involved in this process for helping to bring ElectraMeccanicas U.S. operations to life, said Company CEO Paul Rivera. 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 $1.05.Recently in News on January 6, 2023, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. Many of these factors are beyond the Companys ability to control or predict. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. Start your morning with the top headlines each day. Choose wisely! Keep it Clean. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. ElectraMeccanica. Receive the latest Dear Abby column in your inbox each morning. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. The company says its new plant represents a major step and will serve as the companys new headquarters. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. The company press release states the new facility will create up to 500 new jobs when it is fully operational. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . Many of these factors are beyond the Companys ability to control or predict. 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. Joe Kent's Reel Report every evening. The Phoenix, Arizona metro area seems like its starting to become an EV production and maintenance hot spot. 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. 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. Invalid password or account does not exist. 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