She said the decision was one of the first Susan Docherty made as CEO. 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. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. Instead of a hatchback, this version of the car features a cargo box. This will be a full-time position. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. We hope to continue this momentum.. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the Arizona Commerce Authority. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. 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. What Confluence Has Brought EVs To The Mainstream? 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. 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. Submitting this form below will send a message to your email with a link to change your password. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. 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. The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. 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. In addition, long term Debt to Equity ratio is set at 0.09. 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. We want to tap into the U.S.talent pool. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. The industry-facing website Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. 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. 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. Our mail-out and online service cover READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. The SOLO is currently available for order here. 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). The company said it plans to make more than 20,000 cars a year. The vehicle will sell for $18,500, so its going to be pretty affordable. Featured image provided by ElectraMeccanica. When fully operational, we anticipate creating hundreds of new jobs for the local economy. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. 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. Buzz Pro review: Is it enough to become iconic, again? Use the 'Report' link on Events include: For more information, please visit: https://bit.ly/3DMrUsm. Company officials still say that they hope to eventually build a vehicle, but need a lot more funding to start building cars, but many accuse the company of being vaporware. Its only built for one occupant, and can go up to 100 miles. Oops! This is the center of gravity of the electric vehicle market," Brink said. The diminutive Solo is unlike any other vehicle on the road. This is the name that will be used to identify you within the system. Lets start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. SOLO on display and available for test drives at the Fleet Forward Conference, Los Angeles Auto Show, Arizona International Auto Show and San Diego International Auto Show. It only goes 100 miles, but it does that on only about 16 kWh of battery. a wide range of relevant stories and 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. 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. 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. 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. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Supplying the electric vehicle boom and potentially driving its stock price off the charts. 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. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. It reduces dwell time for vehicles and lowers transportation costs, he says. 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. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. electrive.com is a newsservice 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. I hope they fire the Head of Designer. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. 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.. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. or anything. 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.. 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. 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. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. Arizona International Auto Show and San Diego International Auto Show. Receive updates on the latest issues of Coast Monthly. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. ElectraMeccanica will lease the building from developer MarWest Enterprises. Chris Camacho, president and CEO of the Greater Phoenix Economic Council, says This facility is going to be one of the most advanced state-of-the-art OEM facilities in the U.S. And this vehicle is a head-turner. 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. 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. 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. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. 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. Mutual Fund and ETF data provided byRefinitiv Lipper. Ford & CATL Factory Wont Be Built In Virginia. It deliveries of the small urban electric vehicle last year. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Hopefully the SOLOs come with premium A/C, too. 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. 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. ElectraMeccanica can produce 20,000 electric vehicles (EVs) annually . Threats of harming another In addition to a light vehicle production facility, it will also be building multiple labs to support comprehensive research facilities and vehicle chassis, battery pack, and power electronics testing workshops. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. EVs Take 55% Of The German Auto Market In December! Invalid password or account does not exist. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona One Seat. But this is just one of the opportunities we have researched in our free report. 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. SOLO on display and available for test drives at the Fleet Forward Conference . We invite you to drive it yourself at one of our retail locations. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). PRICED AT $15,5001 MEET SOLO Many of these factors are beyond the Companys ability to control or predict. Inc. (CNEY) is priced at $0.87 after the most recent trading session. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. workday short, to the point, Get a link to the latest e-Edition delivered to your inbox each morning. Two Doors. RELATED COVERAGE: Report:. 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. March 23, 2021. We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. It is currently valued at $0.23. For more information, please visit www.emvauto.com. Its about time! This center will be erected with multiple labs for comprehensive research. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. Mesa, a suburb of Phoenix, ranks 35th nationally. 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. 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. 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. Job Details. 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. Don't Threaten. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders equity The total Debt to Equity ratio for SOLO is recording 0.10 at the time of this writing. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. 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 . each comment to let us know of abusive posts. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. 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. The facility plus an engineering technical center will be in Mesa, Arizona. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. The statement said that the plant is expected to generate 500 jobs. ADVERTISEMENT Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. 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. 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. SOLO is an experience. newsletter is published every Other electric car manufactures in the state include luxury. 51% Plugin Vehicle Share In The Netherlands! In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. Chance of rain 50%.. Generally clear. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. Start your morning with the top headlines each day. Your account has been registered, and you are now logged in. 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. Read more of this story from the Business Journal. 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. Made in Germany! 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Your email address will not be published. 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