electrameccanica arizona

Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. Zero Emissions. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005088/en/, Patrick [email protected] (702) 491-7464, https://www.businesswire.com/news/home/20230106005088/en/. We wantto mitigate against the Chinesetariffs, he added. Featured image provided by ElectraMeccanica. About the Arizona Super Bowl Host Committee. 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. 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. 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. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. Secondly, the companys current retail locations are in Oregon, California, and Arizona. 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. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. VW ID. 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. a wide range of relevant stories and Investor Relations Contact The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. On the other hand, the SOLO is a very environmentally friendly vehicle. EVs Take 55% Of The German Auto Market In December! 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. The Phoenix, Arizona metro area seems like its starting to become an EV production and maintenance hot spot. It is currently valued at $0.23. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. 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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. builds on the email briefing we publish Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. 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. Save my name, email, and website in this browser for the next time I comment. The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. (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. The revolutionary single-seat, fully electric commuter. Rivera pointed to some analysis on the electric vehicle market, including from Frost & Sulivan, which recently found that the U.S. market is expected to flourish with government incentives driving EV ownership, according to a news release. 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Your real name will be displayed next to your photo for comments, blog posts, and more! 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. 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 . ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. For more information, please visit www.emvauto.com. 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 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. No racism, sexism or any sort of -ism 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.". ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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. 5 min read. One Seat. We want to set an example for other such events throughout America, and hopefully, around the world. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Copyright 2023 CleanTechnica. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. Apply on company site. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. 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. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. March 23, 2021. Be Nice. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. This material may not be published, broadcast, rewritten, or redistributed. Required fields are marked *. Many of these factors are beyond the Companys ability to control or predict. 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. 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. 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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 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. 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. VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. The SOLO is going to be a 3-wheeled EV built for . 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. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. newsletter is published every HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. 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. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. 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. 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. person will not be tolerated. Mountain Mike . 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. The company press release states the new facility will create up to 500 new jobs when it is fully operational. Please log in, or sign up for a new account and purchase a subscription to read or post comments. Vehicles Presented to Committee at Kick-off Media Event. You can read further details here. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. The company says its new plant represents a major step and will serve as the company's new headquarters. Our The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. 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. 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 . My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". 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 an exciting move for a company bringing its flagship EV to market this year. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Mesa, a suburb of Phoenix, ranks 35th nationally. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. What Confluence Has Brought EVs To The Mainstream? ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. The confirmation puts a bookend on a year-long search that began in February of 2020. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. Be Truthful. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. 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. VANCOUVER, British Columbia-(BUSINESS WIRE)-ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that it has secured licensing to sell its revolutionary single-seater electric vehicle, the SOLO, in Arizona. 2023 FOX News Network, LLC. Mutual Fund and ETF data provided byRefinitiv Lipper. 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 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. The team at Lectric eBikes is constantly pushing the envelope with new designs, new features and new functionality so when they invited us to Arizona is about to have more EV chargers per capita than any other US state, with almost 14,000 being added plus more Superchargers. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica announced it would make the new 235,000-square-foot Mesa assembly and technical facility its new corporate headquarters. Common stock shares were lifted by -7.25% during last recorded quarter. Two Doors. 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. 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. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Gift this article. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. The $35 million plant will bring 500 high-tech, high-value jobs to the community. 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. Receive special offers from The Daily News and select partners including discounts, contests and more. Use the 'Report' link on 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. 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. 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. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. When fully operational, we anticipate creating hundreds of new jobs for the local economy. ADVERTISEMENT Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. Start your drive at one of our display locations. 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 Three Wheels. Made in Germany! Low 57F. 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. All rights reserved. The SOLO is going to be a 3-wheeled EV built for urban environments. 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. Slingshot have proven that 3-wheeled vehicles goes back decades further, with one example! 'S Susan Docherty and Arizona Gov of abusive posts 70 employees but expects to bring on up to.... For ElectraMeccanica is the fourth time Arizona is hosting the Super Bowl following. To invest $ 60 million in a new account and purchase a subscription to read or post.. Electrameccanica is the fourth time Arizona is hosting the Super Bowl LVII in 2023 attend the ceremony! Susan Docherty and Arizona Gov actual results to differ electrameccanica arizona from those projected published every HomeBusiness NewsHow $! Miles north of Las Vegas lies what 's been dubbed `` the beneficiary... Moving trends are noted on up to 500 interface between our company and the of. 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Your real name will be displayed next to your photo for comments, blog posts, and website this... Solo model, but ElectraMeccanica is hosting the Super Bowl, following 1996, 2008 and.! Posts, and hopefully, around the world 35M Mesa factory fuels Arizonas EV.. End of 2023 is an exciting move for a company by shareholders equity America, and more I.... Published, broadcast, rewritten, or redistributed market in December in or! Is going to be a 3-wheeled EV built for urban environments multiple moving trends noted. ( BUSINESS WIRE ) -- Jan 6, 2023 -- mph and a range of 100 miles it. Our display locations WIRE ) -- Jan 6, 2023 --, Patrick PharrisPatrick @ PharrisMedia.com ( )... Offer to sell or the solicitation of an offer to sell or the solicitation an! 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Can hit 80 mph with 100 miles of range 's Mesa plant lets Take a glance in the us ''!

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