The facility plus an engineering technical center will be in Mesa, Arizona. 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. Just the fact that theres a lot of EVs in Los Angeles, San Francisco and up the coast in Washington and Oregon, made this location ideal for us. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. The second element is fleet and commercial use. 2023 Electra Meccanica. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. SOLO is best experienced in the real world. This is the name that will be used to identify you within the system. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). 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. Notifications from this discussion will be disabled. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. 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 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. 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. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. fordecision makersin the The $35 million plant will bring 500 high-tech, high-value jobs to the community. 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. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The company says its new plant represents a major step and will serve as the companys new headquarters. The company has been looking for the right city to build its headquarters and production facilities for about a year. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. Give Light and the People Will Find Their Own Way. Any 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 anticipates, estimates, projects, expects, contemplates, intends, believes, plans, may, will, or their negatives or other comparable words) are not statements of historical fact and should be viewed as forward-looking statements. Don't Threaten. 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. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. 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. One Seat. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005088/en/, Patrick PharrisPatrick@PharrisMedia.com (702) 491-7464, https://www.businesswire.com/news/home/20230106005088/en/. 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. May 17th, 2021 5:47 PM Share. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. 5 min read. This decision is monumental for our business and will be transformative for our host city and state. The area will also be the home to the companys first US-based engineering technical centre. 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. Legal Statement. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. We want to tap into the U.S.talent pool. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. 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. 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. Receive the daily weather forecast and the weekly outlook in your inbox each morning. The content produced by this site is for entertainment purposes only. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. person will not be tolerated. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. 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. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. Mesa, a suburb of Phoenix, ranks 35th nationally. In a high-profile case, she was extradited to California and sentenced to 18 months in a mens prison. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. Interview with Mobilize CEO Clotilde Delbos: The car becomes a Lucid opens new retail centre in the Netherlands, Worlds largest electric ferry launches in Norway, Designwerk presents megawatt charging station, Possible battery problem with 10,000 VW ID.3 and ID.4, VW is reorganizing Quality and Design departments. The statement said that the plant is expected to generate 500 jobs. 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 Canada-based electric vehicle designer and . This could mean daily commutes, food deliveries, or ridesharing. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. This is an exciting move for a company bringing its flagship EV to market this year. Required fields are marked *. 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. This role will work out of 8127 E Ray Road, Mesa, AZ 85212. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. 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. 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. 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. Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. Its only built for one occupant, and can go up to 100 miles. Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. 5 Undervalued Stocks For 2023
Save my name, email, and website in this browser for the next time I comment. We want to set an example for other such events throughout America, and hopefully, around the world. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. 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. 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. 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. It reduces dwell time for vehicles and lowers transportation costs, he says. The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. electric mobilityindustry. ElectraMeccanica announced Docherty as CEO on Dec. 5. This center will be erected with multiple labs for comprehensive research. Please avoid obscene, vulgar, lewd, The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. No pseudonyms or partial We wantto mitigate against the Chinesetariffs, he added. 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. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. Its about time! or anything. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. It blends a modern look with safety features at an accessible price point of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo model, which features an expanded cargo box to accommodate a wide variety of fleet and commercial applications. VW ID. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, and Arizona ranks seventh nationally for electric vehicle adoption, with four electric vehicles . The company press release states the new facility will create up to 500 new jobs when it is fully operational. Well be bringing highly skill labor into the facility to develop not only the next evolution of the Solo, but we have other vehicle aspirations as well., According to Watson, more EV companies establishing operations in Arizona means more high-wage jobs, which means more economic activity. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the, Here whats driving the rising PHX East Valley economy. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. 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