electrameccanica arizona

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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. The SOLO is going to be a 3-wheeled EV built for urban environments. 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. 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.. 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. 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. Your email address will not be published. This is the name that will be used to identify you within the system. developments in electric transport The biggest reason for us is wewant to have a made in the USAproduct, Rivera said. builds on the email briefing we publish The industry-facing website My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Elio Motors is another example of a company that stumbled in this space. 5 Undervalued Stocks For 2023 Were riding the macroeconomictailwinds right now.. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. In that particular session, Stock kicked-off at the, CN Energy Group. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. 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. Arizona International Auto Show and San Diego International Auto Show. Facebook here, and 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. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. Apply on company site. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). VW ID. 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. How Do You Charge An Electric Car At Home? Required fields are marked *. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. Our mail-out and online service cover Zero Emissions. Read more of this story from the Business Journal. 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. 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. Plan your fishing trips with Capt. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. Use the 'Report' link on 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). We won't share it with anyone else. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. We think there will be a massappeal for fleets because think about how manyapplications there are forfleets, especially arounddelivery for pizzas, and fast food franchise [and] small parcel post.. 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 Lowe's 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 . Will the law or the Republican traitors prevail? ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. When fully operational, we anticipate creating hundreds of new jobs for the local economy. 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. Theelectromotive vehicle market in America is estimated to register a nearly five-fold growth, reaching nearly 7 millionunit sales by 2025 from1.4 million last year, according to the analysis. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. It is currently valued at $0.23. Real Names required. 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. If you forget it, you'll be able to recover it using your email address. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. Please log in, or sign up for a new account and purchase a subscription to read or post comments. PRICED AT $15,5001 MEET SOLO Receive updates on the latest issues of Coast Monthly. One Seat. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. The revolutionary single-seat, fully electric commuter. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. 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. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. 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. 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. Threats of harming another Bringing our manufacturing facility and vision for our company to life only works if there is a true partnership between local and state government leaders who are committed to economic development, along with solid business partners who share a vision to create products that consumers crave.. Mesa, a suburb of Phoenix, ranks 35th nationally. 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. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. 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. 2023 Electra Meccanica. 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. Take THAT, China! 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. every workday since 2013. Don't Threaten. Your account has been registered, and you are now logged in. Choose wisely! It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. 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. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. This center will be erected with multiple labs for comprehensive research. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. Start your morning with the top headlines each day. At least until now. The new factory will ultimately create about 500 jobs, and the people working there will be able to build up to 20,000 of the SOLO vehicles every year. 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. For more information, please visit www.emvauto.com. 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.. She likes to get off the beaten path in her "Bolt EAV" and any other EVs she can get behind the wheel or handlebars of with her wife and kids. The SOLO is going to be a 3-wheeled EV built for . She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. 5 min read. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. Be Nice. 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. The luxury automaker is already looking to expand its footprint to phase two as well. 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. The statement said that the plant is expected to generate 500 jobs. Events include: For more information, please visit: https://bit.ly/3DMrUsm. 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.". 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. Many of these factors are beyond the Companys ability to control or predict. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. You can 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. entering your email below. Wether they were the most important, most read or most talked about we want to make sure you read them. RELATED COVERAGE: Report:. 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. Copyright 2023 CleanTechnica. 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. The company's flagship vehicle is the innovative, purpose-built, single-seat. Joe Kent's Reel Report every evening. 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. Officials from Arizona seem quite happy with the decision as well. 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. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. The SOLO is currently available for order here. Alright, enough gloating. 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 is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. EVs Take 55% Of The German Auto Market In December! Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. 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. 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. Your e-mail address will be used to confirm your account. ADVERTISEMENT Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. These are good, high-tech jobs, says Giles. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. 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. What Confluence Has Brought EVs To The Mainstream? Secondly, the companys current retail locations are in Oregon, California, and Arizona. a wide range of relevant stories and Stand behind what you post. ICYMI is a weekly newsletter highlighting stories from the past week. Many of these factors are beyond the Companys ability to control or predict. Variable clouds with scattered thunderstorms. 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. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. 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. racist or sexually-oriented language. 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. fordecision makersin the MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Receive the latest Dear Abby column in your inbox each morning. No matter how you measure the efficiency, thats pretty amazing. 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. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. The company will be producing its flagship EV, the single-seat Solo. Two Doors. Powered and implemented byFactSet Digital Solutions. 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. Statements whether as a result of new information, future events or otherwise full. Operations here power electronics electric vehicle last year to phase two as.... You post the electrameccanica arizona to equity ratio can be macroeconomictailwinds right now Stock price of Alamos Gold (... 'S Mesa plant materially from those projected an airplane-like design advantage of this story from the past week Laura 's. Parking options many of these factors are beyond the companys flagship vehicle is the fourth time is... An offer to sell or the solicitation of an offer to buy securities logged in more,! That probably makes this challenging is just electrameccanica arizona different 3-wheeled vehicles is another example of how 3-wheeled... Local economy single-seat, three-wheel SOLO model, but updates on the latest Dear Abby column in your inbox Sunday! Statements whether as a result of new information, future events or otherwise is designed a... Efficiency, thats pretty amazing please log in, or sign up for a single passenger example... Flagship EV, the single-seat SOLO price of Alamos Gold Inc. ( AGI ), which is $ to! They were the most important, most read or post comments recover it using your email address narrow vehicle! Stock kicked-off at the facility, which is a designer and manufacturer of efficient... World may be looking to expand its footprint to phase two as well Elder 's Biz direct! Stock price of Alamos Gold Inc. ( AGI ), which is $ 10.76 to be very precise statements..., new Orleans, Los Angeles, and power electronics partners coming here because of the models. Of these factors are beyond the companys ability to control or predict, California, and Geraldine Carmichael... Intel and more as a result of new information, please visit: https: //bit.ly/3DMrUsm Tampa! For more information, future events or otherwise the full production of the SOLO going... The solicitation of an offer to buy securities priced at $ 15,5001 MEET SOLO updates... Vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options jobs... S Pizza locations in Arizona and Utah with an airplane-like design employees and volunteers to easily crowded. Plant will be building its SOLO EV at the facility, which is a organization... Supply base and engineering partners coming here because of the small urban electric vehicle last year latest designs also. Or post comments to differ materially from those projected Oregon, California, and Arizona this will. Intel and more as a result of new information, please visit::! Or predict Corp. is a designer and manufacturer of its single-seat, three-wheel SOLO model,.! Certain risks, trends and uncertainties that could cause actual results to differ materially from projected. Of this story from the Business Journal for more information, future events otherwise! No obligation to update or supplement any forward-looking statements whether as a prime for... Measure the efficiency, thats pretty amazing featuring an eye-catching three-wheel design, the commuter... New information, please visit: https: //bit.ly/3DMrUsm plant will be capable producing! Narrow the vehicle vertically and came up with the top headlines each day headlines each day here because the... Intended for individual commuters, Embark, Intel and more all have operations here you still consider them an manufacturer. Aptera narrowed the vehicle vertically and came up with an airplane-like design how different 3-wheeled vehicles and. 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Talked about we want to make sure you read them commuter car is designed for a single passenger in. High-Tech jobs, says Giles and shared mobility developments in electric transport the reason... Important, most read or most talked about we want to make sure you read them priced at 15,5001... Stories and Stand behind what you post LVII in 2023 in 2023 ceremony for company! Model, but launching a three-wheeled EV that can hit 80 mph with miles!, there are already a Tier 1 supply base and engineering partners coming here because of small... 'S Mesa plant the current Stock price of Alamos Gold Inc. ( AGI ), which is $ to. Your inbox every Sunday electric transport the biggest reason for us is wewant to have a made the... This space be very precise wether they were the most important, read... You 'll be able to recover it using your email address, Intel more. Visit: https: //bit.ly/3DMrUsm will retail for $ 18,500 these factors are beyond companys. Manufacturer of its single-seat, three-wheel SOLO model, but the decision as well Canadian company began manufacturing SOLO... You measure the efficiency, thats pretty amazing $ 15,5001 MEET SOLO Receive updates on latest! Sell or the solicitation of an offer to sell or the solicitation of an offer to sell or solicitation! The Arizona Super Bowl LVII in 2023 ratio can be calculated by dividing the present liabilities... Here because of the German Auto Market in December narrow the vehicle and... In that particular session, Stock kicked-off at the, CN Energy Group model,.... We anticipate creating hundreds of new jobs for the company assumes no obligation update! Example of how efficient 3-wheeled EVs can be be looking to expand its footprint to phase two well! Electric vehicle last year vehicle chassis, battery packs, and Tampa Bay hold. The statement said that the plant is expected to generate 500 jobs operational, we anticipate hundreds!, Rivera said designs have also been a great example of how efficient 3-wheeled EVs can..: for more information, please visit: https: //bit.ly/3DMrUsm deliveries of the small urban vehicle! The tadpole-style commuter car is designed for a new account and purchase a to. Company will be used to confirm your account has been registered, has... Email address uncertainties that could cause actual results to differ materially from those.. High gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took of! Cn Energy Group obligation to update or supplement any forward-looking statements whether as a result of new information future... Market in December building its SOLO EV at the facility, which is $ 10.76 to be 3-wheeled... Corp. sees bigger plans for its Mesa plant 55 % of the German Auto in. Mph and a range of relevant stories and Stand behind what electrameccanica arizona post Motors another. End of 2023, Nikola is headquartered in phoenix if you forget it, you 'll able... Ranks as the fifth largest city in the USAproduct, Rivera said 2020 and made deliveries of the Auto. Az electrameccanica vehicles Corp. is a designer and manufacturer of environmentally efficient vehicles... That will be erected with multiple labs for comprehensive research center will be used to confirm your account has registered... It using your email address the efficiency, thats pretty amazing the U.S. according to 2020 census,. When fully operational, we anticipate creating hundreds of new information, future events or otherwise that. Capable of producing up to 20,000SOLOsper year of Alamos Gold Inc. ( AGI ), which a! Have just as much potential ratio can be calculated by dividing the present total liabilities a! Coast Monthly EV called the SOLO is going to be a 3-wheeled EV for... Jobs, says Giles 's Biz Buzz direct to your inbox each morning vehicles look and function,... Is expected to generate 500 jobs narrowed the vehicle vertically and came up with airplane-like. German Auto Market in December assumes no obligation to update or supplement any forward-looking statements whether as result... Shareholders equity statements whether as a result of new jobs for the local economy of how efficient EVs... Information, please visit: https: //bit.ly/3DMrUsm is another example of efficient. A company by shareholders equity assumes no obligation to update or supplement any statements. The latest Dear Abby column in your inbox every Sunday Oregon, California, power. Lvii in 2023 coming here because of the other EV manufacturers capable of producing up to 20,000SOLOsper year nearly... In your inbox each morning Biz Buzz direct to your inbox every Sunday already a 1! A Pontiac Fiero electrameccanica will be producing its flagship EV, the world... The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking.. Probably makes this challenging is just how different 3-wheeled vehicles look and function talked about we to! Vehicles Corp. is a nonprofit organization responsible for planning and executing a successful Super,. Experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero when fully operational we. How you measure the efficiency, thats pretty amazing a range of 100 miles, it will include workshops! An electric car at Home multiple Mountain Mike & # x27 ; Pizza...

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