Thats 6.25 miles per kWh, or 160 Wh per mile. Investor Relations Contact fordecision makersin the Sandra Watson, President and CEO of the Arizona Commerce Authority said the following: We couldnt be more excited to welcome ElectraMeccanica to Arizona as the latest electric vehicle innovator to choose our state. 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. 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. 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 $35 million plant will bring 500 high-tech, high-value jobs to the community. The SOLO is currently available for order here. 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. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. 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. This company, however, is sitting on a goldmine opportunity as it plans to produce 30,000 tonnes per annum over the next 3.5 years from this single deposit. After getting investor money, building three prototypes, and then getting more investor money, she disappeared for years, hiding in Dale, Texas and assuming another name. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. 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. 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.". ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee Vehicles Presented to Committee at Kick-off Media Event Business Wire MESA, Ariz. -- January 6 . Now, Maricopa County has entered the EV market. 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 luxury automaker is already looking to expand its footprint to phase two as well. Inc. (CNEY) is priced at $0.87 after the most recent trading session. 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.. 51% Plugin Vehicle Share In The Netherlands! In addition to building their own vehicles, ElectraMeccanica's new facility will be able . Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. 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 Vehicles Corp. (SOLO): Investors Electrameccanica Vehicles Corp. (NASDAQ:SOLO), Alamos Gold Inc. (AGI): The stock ticks all the boxes for top investors, Annaly Capital Management Inc. (NLY): Ready for an explosive trading day, CN Energy Group. Copyright 2023 CleanTechnica. 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. PRICED AT $15,5001 MEET SOLO ElectraMeccanica Arizona City, AZ (On Site) Full-Time. 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. Per Arizona Governor Doug Ducey: Arizona is thrilled to be selected as the home of ElectraMeccanicas first US-based assembly facility and engineering technical center. Low 57F. 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. 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. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. The SOLO is currently available for order here. Choose wisely! Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." Your email address will not be published. Were riding the macroeconomictailwinds right now.. 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. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. At the time of this writing, the total market value of the company is set at 116.87M, as it employees total of 216 workers. The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. All rights reserved. SOLO is best experienced in the real world. Winds NW at 5 to 10 mph. 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. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. On the other hand, the SOLO is a very environmentally friendly vehicle. All Rights Reserved. Buzz Pro review: Is it enough to become iconic, again? We wantto mitigate against the Chinesetariffs, he added. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. Please log in, or sign up for a new account and purchase a subscription to read or post comments. The company has been looking for the right city to build its headquarters and production facilities for about a year. 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. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. 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.. 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 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. One Seat. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Threats of harming another ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). In addition, long term Debt to Equity ratio is set at 0.09. This is the center of gravity of the electric vehicle market," Brink said. 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. 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. The confirmation puts a bookend on a year-long search that began in February of 2020. This led to seven bids from local authorities in prospective states. With Lucid Motors setting up a factory in nearby Casa Grande (a 20-30 minute drive away) and Gruber Motors rebuilding/refurbishing Tesla vehicles in Phoenix proper, ElectraMeccanicas SOLO production facilities will be in good company. that is degrading to another person. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. High 71F. 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 tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. 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. 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. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. SOLO is an experience. Made in Germany! Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Oops! 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. 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. Ford & CATL Factory Wont Be Built In Virginia. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. The company's flagship vehicle is the innovative, purpose-built, single-seat. 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 . For more information, please visit www.emvauto.com. It deliveries of the small urban electric vehicle last year. 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. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . Doug Ducey attend the commissioning ceremony for the company's Mesa plant. 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. The SOLO is going to be a 3-wheeled EV built for urban environments. Mesa, a suburb of Phoenix, ranks 35th nationally. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. MASSIVE Electric Bike Buyers Guide All the Biggest Brands & Models, NIO ES8 The Chinese Electric SUV Outselling The Tesla Model X, Nukes, Renewables, and the Union of Concerned Scientists, Reality Check Correcting the Cleantech Record, Solar Panel Installers Top Solar Panel Installers & How To Evaluate Them, Switching to an Electric Fleet Learn About Charging, Payments, & More, Testimonials: Why Readers Love CleanTechnica, ElectraMeccanicas SOLO production facilities will be in good company, Twentieth Century Motor Car Corporations Dale, CleanTechnica Member, Supporter, Technician, or Ambassador. Keep it Clean. 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. Elio Motors is another example of a company that stumbled in this space. Winds WSW at 10 to 20 mph. Required fields are marked *. We are thrilled to bring production of our vehicles onshore and introduce an enhanced, U.S.-built 2023 model year SOLO EV to market, remarked Susan Docherty, CEO of ElectraMeccanica. Your purchase was successful, and you are now logged in. newsletter is published every Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. 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. favorite_border. person will not be tolerated. 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. Stand behind what you post. 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. The new facility will support ElectraMeccanicas goal of meeting anticipated demand for their flagship SOLOEV with the capability of producing up to 20,000 vehicles a year, according to therelease, which noted that the factory, which features a light vehicle assembly plant and state-of-the-art engineering technical center, is expected to create up to 500 new jobs. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. Canadian electric-vehicle maker ElectraMeccanica will build its three-wheeled, single-seat commuter car for the U.S. market at a factory in Mesa, Ariz. electric mobilityindustry. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. This material may not be published, broadcast, rewritten, or redistributed. Save my name, email, and website in this browser for the next time I comment. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. electrive.com is a newsservice '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. 5 Undervalued Stocks For 2023 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. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. Please avoid obscene, vulgar, lewd, The second element is fleet and commercial use. 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. The company said it plans to make more than 20,000 cars a year. 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. The company will also . Advertise with CleanTechnica to get your company in front of millions of monthly readers. Get the latest local and national sports headlines deliveredto your inbox every morning. (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. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the Arizona Commerce Authority. ElectraMeccanica can produce 20,000 electric vehicles (EVs) annually . 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. Get a link to the latest e-Edition delivered to your inbox each morning. About the Arizona Super Bowl Host Committee. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. Use the 'Report' link on Many of these factors are beyond the Companys ability to control or predict. While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. This will be a full-time position. For more information, please visit www.emvauto.com. Frances EVs Take Record Quarter Share Of Market, Sandy Munro: The Coming Wave of Chinese EVs, Sandy Munro On Which Automakers Are Getting It Right Besides Tesla, Sandy Munro: How Tesla Gets To The $24,000 Car, Sandy Munro: Tesla Is Engineering At The Speed Of Thought. 2023 FOX News Network, LLC. At least until now. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. We want to set an example for other such events throughout America, and hopefully, around the world. The vehicle will sell for $18,500, so its going to be pretty affordable. 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.. 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. or anything. 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . Be Proactive. ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . Features include 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 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. ElectraMeccanica. 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 company says its new plant represents a major step and will serve as the companys new headquarters. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. 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. Be Truthful. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. Secondly, the companys current retail locations are in Oregon, California, and Arizona. ElectraMeccanica has crafted a three-part strategy for rolling out the Solo. What Confluence Has Brought EVs To The Mainstream? and free of charge. 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 . 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. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. Wether they were the most important, most read or most talked about we want to make sure you read them. each comment to let us know of abusive posts. Be Nice. 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. It was originally meant to be acommuter vehicle, but think about everything that you do byyourself, you can get groceries byyourself, you go to Pilates by yourself, to the gym, you govisit friends by yourself., He went on to say that the price point is $18,500 andthe SOLO EV has a 100-mile all urbanrange, an80-mile-per-hour top speed andit has a lot of the same comfortfeatures as a typical car.. Electrameccanica can produce 20,000 electric Vehicles ( EVs ) annually ElectraMeccanica has crafted a three-part strategy for out! 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