Quotes displayed in real-time or delayed by at least 15 minutes. Your email address will not be published. "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. 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. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. Keep it Clean. Winds WSW at 10 to 20 mph. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . 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. 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. Its only built for one occupant, and can go up to 100 miles. ICYMI is a weekly newsletter highlighting stories from the past week. Ford & CATL Factory Wont Be Built In Virginia. The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . 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 company will be producing its flagship EV, the single-seat Solo. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. We invite you to drive it yourself at one of our retail locations. ElectraMeccanica ultimately chose Arizona because of our abundant workforce, and our location with close proximity to California and Mexico is second to none, Watson explains. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. 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, will be exhibiting at four events and offering test drives of the SOLO in its current markets of California and Arizona over the next two months. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. 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. 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. Well be bringing highly skill labor into the facility to develop not only the next evolution of the Solo, but we have other vehicle aspirations as well., According to Watson, more EV companies establishing operations in Arizona means more high-wage jobs, which means more economic activity. Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! This role will work out of 8127 E Ray Road, Mesa, AZ 85212. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. The SOLO is currently available for order here. Vehicles Presented to Committee at Kick-off Media Event. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Except for the statements of historical fact contained herein, the information presented in this news release constitutes forward-looking statements as such term is used in applicable United States and Canadian securities laws. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. 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. ElectraMeccanica now at home in North America. Following a year-long nationwide search, which included about a dozen locations in the Greater Phoenix region, Mesa eventually won out over Nashville, Tennessee. 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. Lets start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. No pseudonyms or partial Save my name, email, and website in this browser for the next time I comment. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. 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. Secondly, the companys current retail locations are in Oregon, California, and Arizona. 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. 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. The SOLO is currently available for order here. What Confluence Has Brought EVs To The Mainstream? Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. No matter how you measure the efficiency, thats pretty amazing. 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. 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. 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. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. 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. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. Now, Maricopa County has entered the EV market. ElectraMeccanica announced Docherty as CEO on Dec. 5. Its about time! The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. RELATED COVERAGE: Report:. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. 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. 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. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. I hope they fire the Head of Designer. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. across Europe and beyond. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. Chance of rain 50%.. Generally clear. 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. Threats of harming another The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. The company says its new plant represents a major step and will serve as the companys new headquarters. 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. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. 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. a wide range of relevant stories and 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. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. Wether they were the most important, most read or most talked about we want to make sure you read them. 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 . ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. 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. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. 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. 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. electrive.com is a newsservice Made in Germany! Invalid password or account does not exist. (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. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. Be Proactive. . The revolutionary single-seat, fully electric commuter. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. Oops! ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Featured image provided by ElectraMeccanica. Mutual Fund and ETF data provided byRefinitiv Lipper. Many of these factors are beyond the Companys ability to control or predict. entering your email below. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona Receive the daily weather forecast and the weekly outlook in your inbox each morning. Its just inevitable, Rivera said. 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. Job Details. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. 51% Plugin Vehicle Share In The Netherlands! ElectraMeccanica has crafted a three-part strategy for rolling out the Solo. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. 5 min read. Buzz Pro review: Is it enough to become iconic, again? each comment to let us know of abusive posts. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. 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. workday short, to the point, FTC: We use income earning auto affiliate links. For more information, please visit www.emvauto.com. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. VW ID. Get the latest local and national sports headlines deliveredto your inbox every morning. 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.. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. The confirmation puts a bookend on a year-long search that began in February of 2020. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. It deliveries of the small urban electric vehicle last year. 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. On the other hand, the SOLO is a very environmentally friendly vehicle. Create a password that only you will remember. Apply on company site. We want to tap into the U.S.talent pool. Our Arizona is also the epicenter of automated driving. The second element is fleet and commercial use. The company press release states the new facility will create up to 500 new jobs when it is fully operational. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Elio Motors is another example of a company that stumbled in this space. 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. 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. The statement said that the plant is expected to generate 500 jobs. Plan your fishing trips with Capt. The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. About the Arizona Super Bowl Host Committee. 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. 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. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. The facility plus an engineering technical center will be in Mesa, Arizona. This decision is monumental for our business and will be transformative for our host city and state. find her on Twitter here, 2023 Electra Meccanica. Give Light and the People Will Find Their Own Way. "I think this was a very natural place for us to come. This includes eight current locations that are open in the Western United States. 2023 FOX News Network, LLC. 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. Use the 'Report' link on HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. 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. Were riding the macroeconomictailwinds right now.. 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. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . This led to seven bids from local authorities in prospective states. 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. SOLO on display and available for test drives at the Fleet Forward Conference . 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. Azsuperbowl on Twitter here, 2023 Electra Meccanica the debt to equity ratio can be calculated by dividing the total! Maintain the performance between $ 0.57 and $ 2.44 delayed by at least 15 minutes new jobs it... Recording 79.13 % elio Motors is another example of a company by shareholders equity previously on. Harming another the Vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking.! 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