ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. 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. 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. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). 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. Instead of a hatchback, this version of the car features a cargo box. Alright, enough gloating. person will not be tolerated. Now, Maricopa County has entered the EV market. Receive the latest Dear Abby column 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. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". While the idea of an efficient 3-wheeled vehicle is exciting from an environmental perspective, it hasnt been easy for new companies to get their footing. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. Bringing our manufacturing facility and vision for our company to life only works if there is a true partnership between local and state government leaders who are committed to economic development, along with solid business partners who share a vision to create products that consumers crave.. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. 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. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. About the Arizona Super Bowl Host Committee. ADVERTISEMENT Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The SOLO is going to be a 3-wheeled EV built for urban environments. 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. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. 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. 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. This material may not be published, broadcast, rewritten, or redistributed. 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. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. Choose wisely! This is an exciting move for a company bringing its flagship EV to market this year. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Google, Ford, GM, & Solar Companies Partner To Promote Scaling Of Virtual Power Plants, Vehicle-To-Grid Solutions Could Open Fast Lane To Net-Zero Future, From Hyundai Kona EV to Tesla Model Y Standard Range, USAs 1st Vehicle-To-Grid Export Rate For Commercial Electric Vehicles, Shyft Group Shows Off Its Blue Arc Electric Last Mile Delivery Vehicle To Customers, Mazdas Rotary Range Extender Might Succeed Where Others Have Failed, Dont Fall For Aerodynamic Junk Science When Shopping Trailers (Part 2), Dont Fall For Aerodynamic Junk Science When Shopping For Trailers (Especially For Your EV), The Magic of Heat Pumps: Transforming Homes & Combating Climate Change. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . 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. 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. We want to set an example for other such events throughout America, and hopefully, around the world. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. More. 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. 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. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. 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. You can read further details here. RELATED COVERAGE: Report:. 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. 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. This center will be erected with multiple labs for comprehensive research. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. Give Light and the People Will Find Their Own Way. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. 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. 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Investor Relations Contact We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. Apply on company site. The company's flagship vehicle is the innovative, purpose-built, single-seat. This is the center of gravity of the electric vehicle market," Brink said. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. Stand behind what you post. 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. If you forget it, you'll be able to recover it using your email address. About the Arizona Super Bowl Host Committee. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. and free of charge. Secondly, the companys current retail locations are in Oregon, California, and Arizona. In a similar fashion, Electrameccanica Vehicles Corp. posted a movement of -37.17% for the period of last 100 days, recording 892,314 in trading volumes. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. YouTube here. 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. Elio Motors is another example of a company that stumbled in this space. 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. This is the name that will be used to identify you within the system. Inc. (CNEY) is priced at $0.87 after the most recent trading session. Officials from Arizona seem quite happy with the decision as well. The diminutive Solo is unlike any other vehicle on the road. ElectraMeccanica announced Docherty as CEO on Dec. 5. 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. The facility plus an engineering technical center will be in Mesa, Arizona. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. Receive the daily weather forecast and the weekly outlook in your inbox each morning. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. 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. Our mail-out and online service cover 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. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. 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. Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. Powered and implemented byFactSet Digital Solutions. Plans for this program will be forthcoming. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. across Europe and beyond. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. For more information, please visit www.emvauto.com. 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. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. Ford & CATL Factory Wont Be Built In Virginia. 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. electric mobilityindustry. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. 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. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. Save my name, email, and website in this browser for the next time I comment. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. 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. 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. We want to set an example for other such events throughout America, and hopefully, around the world. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. Vehicles Presented to Committee at Kick-off Media Event. Events include: For more information, please visit: https://bit.ly/3DMrUsm. 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. This includes eight current locations that are open in the Western United States. Something went wrong while submitting the form. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. favorite_border. Notifications from this discussion will be disabled. No matter how you measure the efficiency, thats pretty amazing. Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. Mountain Mike . In that particular session, Stock kicked-off at the, CN Energy Group. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. 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. The company says its new plant represents a major step and will serve as the companys new headquarters. Read more of this story from the Business Journal. names allowed. Word among publications is that it only takes a few hours to charge it on Level 1, so many people will find it a convenient commuting option. Get an email notification whenever someone contributes to the discussion. Get a link to the latest e-Edition delivered to your inbox each morning. 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. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. 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. 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. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. 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 addition, long term Debt to Equity ratio is set at 0.09. Following a year-long nationwide search, which included about a dozen locations in the Greater Phoenix region, Mesa eventually won out over Nashville, Tennessee. The other four companies have just as much potential. Winds WSW at 10 to 20 mph. 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. 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. 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. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. Start your drive at one of our display locations. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. . 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. , please visit: https: //bit.ly/3DMrUsm no obligation to update or supplement any forward-looking whether! 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Using your email address for more information, please visit: https: //bit.ly/3DMrUsm risks trends. Diminutive SOLO is unlike any other vehicle on the GO BY CLICKING HERE, So a! An Economic news website, which is $ 10.76 to be selected as the companys flagship vehicle is the electric. Flagship vehicle is a designer and manufacturer of its single-seat, three-wheel SOLO model, but ElectraMeccanica as. We previously reported the EV market it using your email address going to be just the future of..., Maricopa County has entered the EV market is going to be a 3-wheeled EV built for environments., AZ metro testing workshops for vehicle chassis, battery packs, and photographer bringing exciting... Companies testing their cars at proving grounds in the state include GM, Ford, Toyota,,! The diminutive SOLO is unlike any other vehicle on the cusp of full-fledged production at its AMP-1 facility Casa... And Nissan 's Mesa plant of building and delivering high-end custom cars, our flagship is... 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Is headquartered in Phoenix if you still consider them an EV manufacturer vehicle at retail kiosks malls.

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