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. 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. 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. Joe Kent's Reel Report every evening. 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. Supplying the electric vehicle boom and potentially driving its stock price off the charts. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). or anything. "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 EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. Oops! The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to 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. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Companys periodic reports filed from time-to-time with the SEC. Mountain Mike . March 16, 2021 ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, today announced that it has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. The SOLO is currently available for order 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. The company press release states the new facility will create up to 500 new jobs when it is fully operational. This could mean daily commutes, food deliveries, or ridesharing. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. Gift this article. The second element is fleet and commercial use. 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. Notifications from this discussion will be disabled. Real Names required. Be Proactive. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. 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. She says, Its also great because people who grow up here can gain training and skills in an advanced industry to get a quality job, all without leaving their community., Copyright 2023 AZ Big Media | All Rights Reserved | Site by Blufish, Heres why Metro Phoenix is on the way to becoming a Tier 1 market, Tucson, Phoenix among 10 cities where minimum wage goes furthest, JA Solar is bringing $60M facility, 600 jobs to Phoenix, Now, Maricopa County has entered the EV market. The company will also . Plan your fishing trips with Capt. More. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. 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 . We want to set an example for other such events throughout America, and hopefully, around the world. The SOLO is currently available for order here. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. Keep it Clean. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. 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. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. 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. May 17th, 2021 5:47 PM Share. Instead of a hatchback, this version of the car features a cargo box. 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. The company said it plans to make more than 20,000 cars a year. Tesla Model Y #1 Overall! 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. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. 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.. ADVERTISEMENT builds on the email briefing we publish This material may not be published, broadcast, rewritten, or redistributed. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The revolutionary single-seat, fully electric commuter. If you forget it, you'll be able to recover it using your email address. March 23, 2021. 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 $1.05.Recently in News on January 6, 2023, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. You can read further details here. Thats less than an hour south of Mesa. Receive the daily weather forecast and the weekly outlook in your inbox each morning. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). Your purchase was successful, and you are now logged in. Featured image provided by ElectraMeccanica. Save my name, email, and website in this browser for the next time I comment. This company, however, is sitting on a goldmine opportunity as it plans to produce 30,000 tonnes per annum over the next 3.5 years from this single deposit. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Your email address will not be published. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. The SOLO is currently available for order here. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. 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. This will be a full-time position. Stand behind what you post. Receive updates on the latest issues of Coast Monthly. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. Our mail-out and online service cover 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. Capitol Police officer should have been fired, at least, Paxton has good reason to seek LGBTQIA information, We voters should ensure Jan. 6 was Trump's swansong, Daily News convenes newly configured editorial board, We must all stand up for freedom here and in Ukraine, Guest editorial, The Washington Post: Trump's avoidance the least of the problem. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the SEC) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). SOLO on display and available for test drives at the Fleet Forward Conference, Los Angeles Auto Show, Arizona International Auto Show and San Diego International Auto Show. 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