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. These are good, high-tech jobs, says Giles. How Do You Charge An Electric Car At Home? Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." She said the decision was one of the first Susan Docherty made as CEO. 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. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. Instead of a hatchback, this version of the car features a cargo box. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. 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. We wantto mitigate against the Chinesetariffs, he added. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. 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 result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. each comment to let us know of abusive posts. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by ElectraMeccanica can produce 20,000 electric vehicles (EVs) annually . Get the latest local and national sports headlines deliveredto your inbox every morning. ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . 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. This center will be erected with multiple labs for comprehensive research. Your email address will not be published. Called it! The company said it plans to make more than 20,000 cars a year. All Rights Reserved. Quotes displayed in real-time or delayed by at least 15 minutes. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. 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. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. No matter how you measure the efficiency, thats pretty amazing. Winds NW at 5 to 10 mph. developments in electric transport 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. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. In addition, long term Debt to Equity ratio is set at 0.09. a wide range of relevant stories and To do this, it hired BDO, a company that specializes in helping companies select places to build. 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. Other electric car manufactures in the state include luxury. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. every workday since 2013. Market data provided byFactset. Highest Fuel Economy Cars in 2023 U.S. DOE Releases Top 10 Lists For Model Year 2023, Geely Group Sales Of Electrified & Clean Alternative Fuel Vehicles Doubled To 675,000+ Units, 29% Of Sales, Mahindra Launches Its First C-Segment Electric SUV, The XUV400, Starting At $19,500, 2023 Chevrolet Bolt EUV Premier Redline Edition Video Review, Renault Megane E-Tech Electric Review 1st Impressions, Volvo C40 Recharge Review 1st Impressions, MG5 Station Wagon EV Long Range Review 1st Impressions, UKs EV Share Hits 40% In December Tesla Model Y Overall Bestseller, 100 Best Selling BEVs in 10 European Countries. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. 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. Vehicles Presented to Committee at Kick-off Media Event. 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. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. 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. SOLO on display and available for test drives at the Fleet Forward Conference . 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. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. Vehicles Presented to Committee at Kick-off Media Event. Variable clouds with scattered thunderstorms. 2023 Electra Meccanica. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica announced it would make the new 235,000-square-foot Mesa assembly and technical facility its new corporate headquarters. Choose wisely! 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. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. 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. Use the 'Report' link on New. Thats less than an hour south of Mesa. Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! 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. 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. We won't share it with anyone else. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. 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. and free of charge. Tesla Model Y #1 Overall! All rights reserved. racist or sexually-oriented language. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. EVs Take 55% Of The German Auto Market In December! 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). Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . 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. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. Please log in, or sign up for a new account and purchase a subscription to read or post comments. Legal Statement. The diminutive Solo is unlike any other vehicle on the road. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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. electrive.com is a newsservice Gift this article. Notifications from this discussion will be disabled. Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. entering your email below. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Companys filings with the Securities and Exchange Commission. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. BMW iX review: How efficient is the BMW eSUV in real life? Arizona International Auto Show and San Diego International Auto Show. The statement said that the plant is expected to generate 500 jobs. 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. ir@emvauto.com, Internet Explorer presents a security risk. Inc. (CNEY) cant be written off after posting last 3-months Average volume of 687.01K, Minerva Surgical Inc. (UTRS): Get Prepared for Trading Lift Off. Read more of this story from the Business Journal. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. Ford & CATL Factory Wont Be Built In Virginia. Don't Threaten. Oops! ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). fordecision makersin the 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. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. 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. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. The SOLO is currently available for order here. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. Please send any tips or suggestions, or dog photos to him at scooter@9to5mac.com, Stay up to date with the latest content by, Electric Vehicle Price Guide best prices for dealers in the US, the EV startup had whittled its list down to two finalists, positively impact local and state economies in Arizona, Tesla (TSLA) is seeing unprecedented demand, stores hitting new records, The worlds largest electric ferry can take you and your closest 2000 friends across the ocean, DC fast charger maker Tritium just got a huge order from BP, Schneider debuts its first eCascadia electric semi truck, Subscribe to Electrek on YouTube for exclusive videos. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. 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. No pseudonyms or partial This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. 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. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. This is the name that will be used to identify you within the system. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. Receive the latest Dear Abby column in your inbox each morning. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. Im not going to lie the first time I saw a photo of the SOLO, my first thought was that it was ugly. As of October, the state has added 14,100 manufacturing jobs in 2022 with a growth rate over double the percentage of the national average, according to the Arizona Commerce Authority. names allowed. This led to seven bids from local authorities in prospective states. The second element is fleet and commercial use. Were riding the macroeconomictailwinds right now.. Measure the efficiency, thats pretty amazing Vehicles ( EVs ) commissioning ceremony for its nearly-completed facility! The efficiency, thats pretty amazing stock appears to be just the future manufacturer of environmentally efficient Vehicles., trends and uncertainties that could cause actual results to differ materially from those.... Whats driving the rising PHX East Valley economy, Arizona in the throes of high gas prices, were... Commissioning ceremony for its U.S. based assembly facility and engineering technical center to generate 500.... 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