The company says its new plant represents a major step and will serve as the company's new headquarters. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." 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. person will not be tolerated. Receive special offers from The Daily News and select partners including discounts, contests and more. 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. Take THAT, China! The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). We hope to continue this momentum.. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Top speed is 80 MPH, so its highway capable. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The SOLO is currently available for order here. 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. 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). ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. Now, Maricopa County has entered the EV market. Chance of rain 50%.. Generally clear. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. 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. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. You can read further details here. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. 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. ElectraMeccanica now at home in North America. Events include: For more information, please visit: https://bit.ly/3DMrUsm. Variable clouds with scattered thunderstorms. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. 2023 Electra Meccanica. 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. Mesa, a suburb of Phoenix, ranks 35th nationally. 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. 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 other four companies have just as much potential. High 71F. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. 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.. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. Legal Statement. 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VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona 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. Use the 'Report' link on Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. These are good, high-tech jobs, says Giles. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. The SOLO is currently available for order here. Your email address will not be published. In addition, long term Debt to Equity ratio is set at 0.09. Supplying the electric vehicle boom and potentially driving its stock price off the charts. Featured image provided by ElectraMeccanica. 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. Thats 6.25 miles per kWh, or 160 Wh per mile. 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 . Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. This could mean daily commutes, food deliveries, or ridesharing. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. The SOLO is currently available for order here. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional vessel around Phoenix. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Copyright 2023 CleanTechnica. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. 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. The public can see and touch the vehicle, ask questions and place pre-orders. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. 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. Many of these factors are beyond the Companys ability to control or predict. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. VANCOUVER, British Columbia-(BUSINESS WIRE)-ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that it has secured licensing to sell its revolutionary single-seater electric vehicle, the SOLO, in Arizona. Advertise with CleanTechnica to get your company in front of millions of monthly readers. 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. Thats less than an hour south of Mesa. Two Doors. SOLO is best experienced in the real world. It takes a village to do what we are doing. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. . 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. Its only built for one occupant, and can go up to 100 miles. Give Light and the People Will Find Their Own Way. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. 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. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. 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 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. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the, Here whats driving the rising PHX East Valley economy. Beyond working to address commuting and traffic congestion challenges in the region, the Company intends to work with local municipalities to initiate a future pilotSOLOshare ecosystem in the Mesa and the greater Phoenix region. 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. We wantto mitigate against the Chinesetariffs, he added. Don't Threaten. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. [email protected], Internet Explorer presents a security risk. The area will also be the home to the companys first US-based engineering technical centre. newsletter is published every 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.. When the transactions were called off. 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. Get a link to the latest e-Edition delivered to your inbox each morning. Create a password that only you will remember. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. 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. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. builds on the email briefing we publish BMW iX review: How efficient is the BMW eSUV in real life? Its going to be a homerun for companies that are in fast food, pizza or grocery deliveries; security companies that monitor parking lots and communities, Rivera says. Link to the companys financial health and market status EV called the.... Mesa plant visit azsuperbowl.com or follow @ AZSuperBowl on Twitter, Instagram and Facebook use the 'Report ' link within... 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