As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. The second element is fleet and commercial use. 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. We wantto mitigate against the Chinesetariffs, he added. 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. This will be a full-time position. 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 . 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. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. We want to tap into the U.S.talent pool. Powered and implemented byFactSet Digital Solutions. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. You can developments in electric transport 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. 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. This is the center of gravity of the electric vehicle market," Brink said. May 17th, 2021 5:47 PM Share. Facebook here, and Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. Arizona is also the epicenter of automated driving. Please avoid obscene, vulgar, lewd, Other electric car manufactures in the state include luxury. 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. This material may not be published, broadcast, rewritten, or redistributed. These are good, high-tech jobs, says Giles. 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. The content produced by this site is for entertainment purposes only. entering your email below. According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.1230, with a change in the price was noted -0.58. VW ID. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. Now, Maricopa County has entered the EV market. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. Be Proactive. 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. No matter how you measure the efficiency, thats pretty amazing. 2023 FOX News Network, LLC. Mesa, a suburb of Phoenix, ranks 35th nationally. 5 Undervalued Stocks For 2023 The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005088/en/, Patrick PharrisPatrick@PharrisMedia.com (702) 491-7464, https://www.businesswire.com/news/home/20230106005088/en/. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. Winds WSW at 10 to 20 mph. The SOLO is currently available for order here. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . 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. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. 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. 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. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. The revolutionary single-seat, fully electric commuter. 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.. SOLO is best experienced in the real world. Thats less than an hour south of Mesa. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. 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). What Confluence Has Brought EVs To The Mainstream? Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Your e-mail address will be used to confirm your account. 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.. 5 min read. Gift this article. Receive the daily weather forecast and the weekly outlook in your inbox each morning. ElectraMeccanica now at home in North America. Many of these factors are beyond the Companys ability to control or predict. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. This announcement comes just months after a rapid retail expansion in the US. 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. 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 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. Your purchase was successful, and you are now logged in. 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. The area will also be the home to the companys first US-based engineering technical centre. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. This material may not be published, broadcast, rewritten, or redistributed. 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. The company will also . Mutual Fund and ETF data provided byRefinitiv Lipper. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. But this is just one of the opportunities we have researched in our free report. Investor Relations Contact The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Alright, enough gloating. 51% Plugin Vehicle Share In The Netherlands! Two Doors. We hope to continue this momentum.. 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. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. and free of charge. ElectraMeccanica Chief Revenue Officer Kim Brink said the decision to relocate the company's headquarters from British Columbia, Canada to Mesa was made earlier this month. Receive special offers from The Daily News and select partners including discounts, contests and more. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. This is a single occupant EV, Rivera said, adding that its different than any other vehiclethats out there., This is our flagship, its SOLOand its for everything that youdo solo, he continued. Arizona International Auto Show and San Diego International Auto Show. 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 diminutive Solo is unlike any other vehicle on the road. Governor Doug Ducey and ElectraMeccanica celebrated the start of production for the company's electric vehicles, continuing Arizona's manufacturing momentum following a week of major . ADVERTISEMENT Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. Inc. (CNEY) is priced at $0.87 after the most recent trading session. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. One Seat. "I think this was a very natural place for us to come. 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. builds on the email briefing we publish Buzz Pro review: Is it enough to become iconic, again? The company worked with officials to see what kind of incentives they could get to set up shop, and Arizona offered a good mix of flexibility and workforce availability. EVs Take 55% Of The German Auto Market In December! Rivera pointed to some analysis on the electric vehicle market, including from Frost & Sulivan, which recently found that the U.S. market is expected to flourish with government incentives driving EV ownership, according to a news release. First is a direct-to-consumer approach. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. More. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. BMW iX review: How efficient is the BMW eSUV in real life? Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. 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. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional vessel around Phoenix. Just the fact that theres a lot of EVs in Los Angeles, San Francisco and up the coast in Washington and Oregon, made this location ideal for us. And the third component will be a ride-share program for residential complexes and college campuses. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. To do this, it hired BDO, a company that specializes in helping companies select places to build. Low 57F. ElectraMeccanica can produce 20,000 electric vehicles (EVs) annually . The Canada-based electric vehicle designer and . Thank you to the entire ElectraMeccanica team, Sandra Watson and her team at the Arizona Commerce Authority, Mayor Giles and the City of Mesa, and local leaders for your support on this important project.. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. 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. About the Arizona Super Bowl Host Committee. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. Called it! Required fields are marked *. ElectraMeccanica announced Docherty as CEO on Dec. 5. 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