When it comes to the year-to-date metrics, the Electrameccanica Vehicles Corp. (SOLO) recorded performance in the market was 61.32%, having the revenues showcasing -7.25% on a quarterly basis in comparison with the same period year before. The public can see and touch the vehicle, ask questions and place pre-orders. 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. Our mail-out and online service cover 51% Plugin Vehicle Share In The Netherlands! This decision is monumental for our business and will be transformative for our host city and state. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. ICYMI also features select historical content. Ford & CATL Factory Wont Be Built In Virginia. 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. 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. Start your drive at one of our display locations. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. ElectraMeccanica announced Docherty as CEO on Dec. 5. Winds WSW at 10 to 20 mph. 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. It reduces dwell time for vehicles and lowers transportation costs, he says. When fully operational, we anticipate creating hundreds of new jobs for the local economy. Plans for this program will be forthcoming. The statement said that the plant is expected to generate 500 jobs. Joe Kent's Reel Report every evening. To do this, it hired BDO, a company that specializes in helping companies select places to build. 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. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. At least until now. 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. FTC: We use income earning auto affiliate links. No matter how you measure the efficiency, thats pretty amazing. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. The company says its new plant represents a major step and will serve as the company's new headquarters. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Please log in, or sign up for a new account and purchase a subscription to read or post comments. VW ID. newsletter is published every "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. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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. The revolutionary single-seat, fully electric commuter. 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. Presently, Electrameccanica Vehicles Corp. shares are logging -60.09% during the 52-week period from high price, and 70.41% higher than the lowest price point for the same timeframe. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. When the transactions were called off. 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. developments in electric transport person will not be tolerated. Create a password that only you will remember. favorite_border. 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 primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. across Europe and beyond. This will be a full-time position. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. Situated on 18 acres of land between Phoenix-Mesa-Gateway Airport and the Loop 202, the 235,000-square-foot state-of-the-art ElectraMeccanica complex will include a light vehicle assembly plant, 22,000 square feet of offices and 19,000 square feet of comprehensive research facilities. Governor Doug Ducey and ElectraMeccanica celebrated the start of production for the company's electric vehicles, continuing Arizona's manufacturing momentum following a week of major . The SOLO is going to be a 3-wheeled EV built for . Invalid password or account does not exist. 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. Zero Emissions. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. 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. 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. Our 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. 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. 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.. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. 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. Notifications from this discussion will be disabled. The $35 million plant will bring 500 high-tech, high-value jobs to the community. ElectraMeccanica has crafted a three-part strategy for rolling out the Solo. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). The 1-year high price for the companys stock is recorded $1.0800 on 01/11/23, with the lowest value was $0.6061 for the same time period, recorded on 01/03/23. This includes eight current locations that are open in the Western United States. Investor Relations Contact Please avoid obscene, vulgar, lewd, Will the law or the Republican traitors prevail? In a high-profile case, she was extradited to California and sentenced to 18 months in a mens prison. ElectraMeccanica. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. In addition, long term Debt to Equity ratio is set at 0.09. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. entering your email below. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). ElectraMeccanica now at home in North America. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. The second element is fleet and commercial use. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. Alright, enough gloating. 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. Give Light and the People Will Find Their Own Way. 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. It takes a village to do what we are doing. 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. What Confluence Has Brought EVs To The Mainstream? The company said it plans to make more than 20,000 cars a year. Many of these factors are beyond the Companys ability to control or predict. The other four companies have just as much potential. Top speed is 80 MPH, so its highway capable. 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.. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. and free of charge. Featured image provided by ElectraMeccanica. 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.". Its just inevitable, Rivera said. Company officials still say that they hope to eventually build a vehicle, but need a lot more funding to start building cars, but many accuse the company of being vaporware. Made in Germany! a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. Job Details. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.1230, with a change in the price was noted -0.58. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. 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. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. Use the 'Report' link on ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. This is the name that will be used to identify you within the system. Receive email alerts anytime there is breaking news or a severe weather alert. 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. This announcement comes just months after a rapid retail expansion in the US. New. Forward-looking statements are made based on managements beliefs, estimates and opinions on the date the statements are made, and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. Get a link to the latest e-Edition delivered to your inbox each morning. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. I hope they fire the Head of Designer. Wether they were the most important, most read or most talked about we want to make sure you read them. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. PRICED AT $15,5001 MEET SOLO 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. When hes not offering the latest e-Edition delivered to your inbox each morning efficient 3-wheeled can. Tech center will include development and engineering offices, as well as battery chassis. Select places to build uncertainties that could cause actual results to differ materially from those projected our business and be! Will include development and engineering offices, as well as battery, chassis and electronics. Host Committee the statement said that the plant is expected to generate 500 jobs manufacturing plant to open the! 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