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. 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. Lets start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Save my name, email, and website in this browser for the next time I comment. You can Powered and implemented byFactSet Digital Solutions. Receive the most recent obituaries every afternoon. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. Read more of this story from the Business Journal. The confirmation puts a bookend on a year-long search that began in February of 2020. In Pinal County, the first phase of Lucids Casa Grande plant is complete, and the company will begin producing its all-electric luxury sedan; while Nikola Corp. is building a factory in nearby Coolidge where it will manufacture electric- and hydrogen-powered heavy trucks. 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. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. ElectraMeccanica announced Docherty as CEO on Dec. 5. ElectraMeccanica is eligible for more than $8 million in grants and tax credits from the state but, as of March, hadn't received any incentives, according to the Arizona Commerce Authority.. 5 min read. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Copyright 2023 CleanTechnica. 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. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. 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. Use the 'Report' link on 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. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. 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 Canada-based electric vehicle designer and . ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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 stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. This led to seven bids from local authorities in prospective states. The biggest reason for us is wewant to have a made in the USAproduct, Rivera said. Two Doors. Forward-looking statements are made based on managements beliefs, estimates and opinions on the date the statements are made, and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Low 57F. We want to set an example for other such events throughout America, and hopefully, around the world. March 16, 2021 ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, today announced that it has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. For more information, please visit www.emvauto.com. The Canadian company says that its new manufacturing facility in Mesa, Arizona, represents its commitment to officially establish the company as an American OEM by the end of this year. Please avoid obscene, vulgar, lewd, Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. Winds WSW at 10 to 20 mph. Even if someone almost always drives alone, they want to get the most bang for their buck, and be able to use it on occasion to pick up a TV from the electronics store or to take some friends out on a double-date. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. Arizona is thrilled to be selected as the home of ElectraMeccanicas first U.S.-based assembly facility and engineering technical center, said Governor Doug Ducey. The company will also . Many of these factors are beyond the Companys ability to control or predict. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. I think theres going to be a massive demand for the Solo from consumers as well as restaurants and other businesses that are looking at fleet services, Camacho adds. 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.. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Interview with Mobilize CEO Clotilde Delbos: The car becomes a Lucid opens new retail centre in the Netherlands, Worlds largest electric ferry launches in Norway, Designwerk presents megawatt charging station, Possible battery problem with 10,000 VW ID.3 and ID.4, VW is reorganizing Quality and Design departments. Receive email alerts anytime there is breaking news or a severe weather alert. Instead of a hatchback, this version of the car features a cargo box. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . 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. Ford & CATL Factory Wont Be Built In Virginia. Featured image provided by ElectraMeccanica. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. 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(adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. 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 company said it plans to make more than 20,000 cars a year. 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. Choose wisely! The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. fordecision makersin the 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. ir@emvauto.com, Internet Explorer presents a security risk. names allowed. a wide range of relevant stories and Now, Maricopa County has entered the EV market. 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. 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'. The SOLO is currently available for order here. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. 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. The facility plus an engineering technical center will be in Mesa, Arizona. This is the center of gravity of the electric vehicle market," Brink said. 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. Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. 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. Required fields are marked *. Something went wrong while submitting the form. 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. 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. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. No pseudonyms or partial Common stock shares were lifted by -7.25% during last recorded quarter. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. The public can see and touch the vehicle, ask questions and place pre-orders. 2023 FOX News Network, LLC. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. 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 Vehicles Corp. (SOLO): Investors Electrameccanica Vehicles Corp. (NASDAQ:SOLO), Alamos Gold Inc. (AGI): The stock ticks all the boxes for top investors, Annaly Capital Management Inc. (NLY): Ready for an explosive trading day, CN Energy Group. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. 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. Start your drive at one of our display locations. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. 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 vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. 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). The SOLO is currently available for order here. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. every workday since 2013. We want to set an example for other such events throughout America, and hopefully, around the world. After getting investor money, building three prototypes, and then getting more investor money, she disappeared for years, hiding in Dale, Texas and assuming another name. SOLO is an experience. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. newsletter is published every Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . 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. In its 235,000-square-foot facility in Mesa, Ariz. -- ( BUSINESS WIRE ) Jan! Roots in the red clay of Arizona and plans to make more 20,000. Launching a three-wheeled EV that can hit 80 mph with 100 miles, it will ultimately have capacity! Very precise deliveries of the car features a cargo box in Virginia ramp! This story from the BUSINESS Journal the stocks price range for the 52-week period to! 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