Advertise with CleanTechnica to get your company in front of millions of monthly readers. 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. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. '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. 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. Many of these factors are beyond the Companys ability to control or predict. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." Market data provided byFactset. Tesla Model Y #1 Overall! 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. We want to set an example for other such events throughout America, and hopefully, around the world. 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. 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. The $35 million plant will bring 500 high-tech, high-value jobs to the community. This led to seven bids from local authorities in prospective states. 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. The company's flagship vehicle is the innovative, purpose-built, single-seat. 2023 FOX News Network, LLC. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. Copyright 2023 CleanTechnica. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Take THAT, China! 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 . One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. The SOLO is currently available for order here. Your purchase was successful, and you are now logged in. 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 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. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. 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 registered in the state for every 1,000 Arizona residents. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Chance of rain 50%.. Generally clear. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. The diminutive Solo is unlike any other vehicle on the road. 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. across Europe and beyond. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. 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. November 08, 2022 09:35 AM Eastern Standard . The company says its new plant represents a major step and will serve as the companys new headquarters. 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/. Many of these factors are beyond the Companys ability to control or predict. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. 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. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. 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. 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 says its new plant represents a major step and will serve as the company's new headquarters. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. Low 57F. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. 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. The company will also . 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. The revolutionary single-seat, fully electric commuter. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. 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. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. We invite you to drive it yourself at one of our retail locations. 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. 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. ICYMI is a weekly newsletter highlighting stories from the past week. 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. 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. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. 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. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona. or anything. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. Copyright 2022 Scripps Media, Inc. All rights reserved. Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. No matter how you measure the efficiency, thats pretty amazing. Its just across the picket fence from a major airport, its next to a freeway that will get you to Southern California in half a day, theres a strong workforce here, and Arizona State University is just a stones throw away, he says. PRICED AT $15,5001 MEET SOLO According to its press release, ElectraMeccanica is already exploring additional ventures around its US facility: In addition to strong consumer interest in theSOLOEV, the Company has seen growing interest in commercial fleet and utility applications. Plans for this program will be forthcoming. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. Arizona is also the epicenter of automated driving. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Supplying the electric vehicle boom and potentially driving its stock price off the charts. Elio Motors is another example of a company that stumbled in this space. BMW iX review: How efficient is the BMW eSUV in real life? Be Truthful. Choose wisely! We won't share it with anyone else. This includes eight current locations that are open in the Western United States. 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 email alerts anytime there is breaking news or a severe weather alert. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. 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. 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, will be exhibiting at four events and offering test drives of the SOLO in its current markets of California and Arizona over the next two months. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. For more information, please visit www.emvauto.com. 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. The luxury automaker is already looking to expand its footprint to phase two as well. This material may not be published, broadcast, rewritten, or redistributed. Oops! 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. 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 registered in the state for every 1,000 Arizona residents. And executing a successful Super Bowl LVII in 2023, visit azsuperbowl.com or @... Intel and more all have operations here new plant represents a major step will! Can serve as the companys financial health and market status CEO Paul Rivera lives in Arizona since 2016 strength. 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