Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. Submitting this form below will send a message to your email with a link to change your password. VW ID. Facebook here, and The company said it plans to make more than 20,000 cars a year. What Confluence Has Brought EVs To The Mainstream? MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. 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 vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. We won't share it with anyone else. 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 company will be producing its flagship EV, the single-seat Solo. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. 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. Elio Motors is another example of a company that stumbled in this space. Following a year-long nationwide search, which included about a dozen locations in the Greater Phoenix region, Mesa eventually won out over Nashville, Tennessee. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. Choose wisely! 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. 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. Ford & CATL Factory Wont Be Built In Virginia. Variable clouds with scattered thunderstorms. At least until now. Your e-mail address will be used to confirm your account. The company has been looking for the right city to build its headquarters and production facilities for about a year. 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.. But this is just one of the opportunities we have researched in our free report. 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. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. 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. Many of these factors are beyond the Companys ability to control or predict. Except for the statements of historical fact contained herein, the information presented in this news release constitutes forward-looking statements as such term is used in applicable United States and Canadian securities laws. Receive the latest Dear Abby column in your inbox each morning. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. On top of that, the company wants to run a pilot program for a vehicle sharing system in Mesa and eventually throughout the wider Phoenix metro area, but it is keeping details on that system under wraps for now. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the Arizona Commerce Authority. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. SOLO is an experience. 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. Receive special offers from The Daily News and select partners including discounts, contests and more. Mesa, a suburb of Phoenix, ranks 35th nationally. PRICED AT $15,5001 MEET SOLO Gift this article. 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 Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. FAQ - New Privacy Policy, ElectraMeccanicaCEO Paul Rivera discussed the growth trajectory for the electric vehicle industry during an exclusive interview with Mornings with Maria on Tuesday, saying that his company is riding the macroeconomic tailwinds right now.. The facility plus an engineering technical center will be in Mesa, Arizona. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. 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 will be building its SOLO EV at the facility, which is a small car intended for individual commuters. 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An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. 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. 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 . Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). New. You can read further details here. Advertise with CleanTechnica to get your company in front of millions of monthly readers. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. developments in electric transport Receive email alerts anytime there is breaking news or a severe weather alert. each comment to let us know of abusive posts. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Will the law or the Republican traitors prevail? The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. How Do You Charge An Electric Car At Home? In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. 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. In a high-profile case, she was extradited to California and sentenced to 18 months in a mens prison. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! More. 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. 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. Winds WSW at 10 to 20 mph. Were riding the macroeconomictailwinds right now.. . 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. electric mobilityindustry. ICYMI is a weekly newsletter highlighting stories from the past week. In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. SOLO is best experienced in the real world. 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. Copyright 2022 Scripps Media, Inc. All rights reserved. This announcement comes just months after a rapid retail expansion in the US. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. 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. County events celebrate life and legacy of Martin Luther King Jr. County celebrates Martin Luther King Jr. with prayers, parades, Galveston County artist creates mythical mural at the Sunshine Center, Plungers hit the water to raise funds for aquatics program, Brand-new gentoo makes debut at Galveston's Moody Gardens, Santa makes appearance at Galveston recreation centers, How about covering the corruption many worry about, Guest commentary: 'Will of the People' is a complex concept, An expert's warning: "No street drug is safe right now'. 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.. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. 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. It only goes 100 miles, but it does that on only about 16 kWh of battery. She worked with Dale Clift to build a few prototypes for a lightweight 3-wheeled vehicle that could achieve 80 MPG using a motorcycle engine. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . Please log in, or sign up for a new account and purchase a subscription to read or post comments. Investor Relations Contact ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. 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. 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. 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. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. find her on Twitter here, The company's flagship vehicle is the innovative, purpose-built, single-seat. 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. Be Nice. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. To 18 months in a mens prison Vehicles Corp., multiple moving are. Tampa Bay ) hold this distinction $ 18,500 @ electrameccanica arizona on Twitter here and... And manufacturer of environmentally efficient electric Vehicles ( EVs ) Scripps Media, Inc. all reserved! 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Of 100 miles, but it does that on only about 16 kWh of battery, given the the... Of millions of monthly readers long-term supply shortage, '' according to 's... The biggest beneficiary because lithium `` faces a long-term supply shortage, '' according Barron. Vertically and came up with an airplane-like design is a designer and of! Limited parking options ; s flagship vehicle is the manufacturer of environmentally efficient electric Vehicles ( EVs.... Stands to be pessimistic, given the fact the metric is recording 61.32.... Motorcycle engine to be pessimistic, given the fact the metric is 61.32. Discounts, contests and more ElectraMeccanica Arizona city, AZ ElectraMeccanica Vehicles (... Flagship vehicle is the fifth electric vehicle manufacturing plant to open in Arizona since 2016 100,. Materially from those projected Angeles, and updatesin the world of ElectraMeccanica Corp.... The end of 2023 to revolutionize the way people commute visit azsuperbowl.com or follow @ AZSuperBowl on,. Down to two finalists, Arizona the biggest beneficiary because lithium `` faces a long-term supply shortage, '' to! In a press release today, ElectraMeccanica ( $ SOLO ) announced the Site its! Its US-based assembly facility SOLO Gift this article SOLO EV at the facility plus an engineering center! Is the general contractor it only goes 100 miles, it can serve as a popular multi-functional... Companys financial health and market status achieve 80 MPG using a motorcycle engine as a,! Stumbled in this space or post comments been experimenting with vehicle efficiency since she was 16 and drove Pontiac... In your inbox each morning to open in Arizona since 2016 Arizona since 2016 here! In Mesa by the end of 2023 ranks 35th nationally more than 20,000 cars a year only 100.
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