The confirmation puts a bookend on a year-long search that began in February of 2020. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. EVs Take 55% Of The German Auto Market In December! Other electric car manufactures in the state include luxury. 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. While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. Save my name, email, and website in this browser for the next time I comment. This will be a full-time position. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Our Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional vessel around Phoenix. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. 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. Winds WSW at 10 to 20 mph. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." You can
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. This is the name that will be used to identify you within the system. builds on the email briefing we publish The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Be Nice. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by "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. 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. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. ICYMI also features select historical content. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. 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. https://www.businesswire.com/news/home/20230106005088/en/, Jury says not guilty in trial over La Marque drive-by killing, Over $30,000 and eight slot machines confiscated in raid, authorities said, Mixed results reported from across Galveston Bay, 'It's like Animal House,' rental foes tell Dickinson City Council, Vehicles, garage struck by bullets in Texas City, police say, Galveston man charged, suspected in Christmas fentanyl deaths, First waterfront luxury condos planned for Bolivar Peninsula; country Western club replaces The Jungle, No one injured in afternoon house fire in Galveston, Santa Fe man charged with aggravated assault after stand-off, police say, Texas City man sentenced to 25 years in fatal 2020 shooting. 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. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. each comment to let us know of abusive posts. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. 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.. 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. 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. 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. The SOLO is currently available for order here. And the third component will be a ride-share program for residential complexes and college campuses. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . Instead of a hatchback, this version of the car features a cargo box. We want to set an example for other such events throughout America, and hopefully, around the world. 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. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. Be Proactive. All rights reserved. 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. Invalid password or account does not exist. 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. ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. Many of these factors are beyond the Companys ability to control or predict. 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. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. The statement said that the plant is expected to generate 500 jobs. Facebook here, and
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.. We want to tap into the U.S.talent pool. 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. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Click here to download your Free Copy. Low 57F. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. 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. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. ElectraMeccanica says it will ultimately have the capacity to produce up to 20,000 vehicles per year in its 235,000-square-foot facility in Mesa. Receive updates on the latest issues of Coast Monthly. 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. BMW iX review: How efficient is the BMW eSUV in real life? ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. To do this, it hired BDO, a company that specializes in helping companies select places to build. 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. Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. The public can see and touch the vehicle, ask questions and place pre-orders. If you forget it, you'll be able to recover it using your email address. 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. SOLO is an experience. 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. Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. When the transactions were called off. This is the center of gravity of the electric vehicle market," Brink said. Tesla Model Y #1 Overall! MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. VW ID. Its going to be a homerun for companies that are in fast food, pizza or grocery deliveries; security companies that monitor parking lots and communities, Rivera says. Hopefully the SOLOs come with premium A/C, too. Market data provided byFactset. 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Your account has been registered, and you are now logged in. ADVERTISEMENT 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. Arizona is also the epicenter of automated driving. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . About the Arizona Super Bowl Host Committee. 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. The company will also . 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 proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. 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. The facility plus an engineering technical center will be in Mesa, Arizona. 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. Many of these factors are beyond the Companys ability to control or predict. Supplying the electric vehicle boom and potentially driving its stock price off the charts. The Phoenix, Arizona metro area seems like its starting to become an EV production and maintenance hot spot. One Seat. It takes a village to do what we are doing. 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. 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). Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. Use the 'Report' link on Most people want a more traditional vehicle with at least 4 or 5 seats because theyd be able to use it for more things than they could use a 1-2 seater vehicle for. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. 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. Choose wisely! In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. Joe Kent's Reel Report every evening. electric mobilityindustry. 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.. 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. Stand behind what you post. Features include 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. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. This is an exciting move for a company bringing its flagship EV to market this year. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. 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. The content produced by this site is for entertainment purposes only. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. 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. 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 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. Ford & CATL Factory Wont Be Built In Virginia. With Lucid Motors setting up a factory in nearby Casa Grande (a 20-30 minute drive away) and Gruber Motors rebuilding/refurbishing Tesla vehicles in Phoenix proper, ElectraMeccanicas SOLO production facilities will be in good company. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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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On Tuesday, Rivera announced on the program that the designer and manufacturer of electric vehicles is expanding production out of China with a new factory in the United States.
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