Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. 2023 FOX News Network, LLC. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. Tesla Model Y #1 Overall! 51% Plugin Vehicle Share In The Netherlands! Lets start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. No racism, sexism or any sort of -ism 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 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. 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. The revolutionary single-seat, fully electric commuter. We invite you to drive it yourself at one of our retail locations. The company worked with officials to see what kind of incentives they could get to set up shop, and Arizona offered a good mix of flexibility and workforce availability. 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. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. 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. Your purchase was successful, and you are now logged in. We want to set an example for other such events throughout America, and hopefully, around the world. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. RELATED COVERAGE: Report:. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . 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 now at home in North America. Common stock shares were lifted by -7.25% during last recorded quarter. The SOLO is currently available for order here. This material may not be published, broadcast, rewritten, or redistributed. each comment to let us know of abusive posts. We won't share it with anyone else. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. For more information, please visit www.emvauto.com. High 71F. Thank you to the entire ElectraMeccanica team, Sandra Watson and her team at the Arizona Commerce Authority, Mayor Giles and the City of Mesa, and local leaders for your support on this important project.. 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. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. 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 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. ICYMI also features select historical content. The Canada-based electric vehicle designer and . ElectraMeccanica Chief Revenue Officer Kim Brink said the decision to relocate the company's headquarters from British Columbia, Canada to Mesa was made earlier this month. Your real name will be displayed next to your photo for comments, blog posts, and more! Arizona is also the epicenter of automated driving. All rights reserved. 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Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . 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. New. Mesa, a suburb of Phoenix, ranks 35th nationally. 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. developments in electric transport This includes eight current locations that are open in the Western United States. You can Advertise with CleanTechnica to get your company in front of millions of monthly readers. 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. Made in Germany! Other electric car manufactures in the state include luxury. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. The companys shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 960356 for the day, which was evidently lower, when compared to the average daily volumes of the shares. that is degrading to another person. SOLO on display and available for test drives at the Fleet Forward Conference . Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. 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. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. Events include: For more information, please visit: https://bit.ly/3DMrUsm. We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. 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. Were riding the macroeconomictailwinds right now.. It blends a modern look with safety features at an accessible price point of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo model, which features an expanded cargo box to accommodate a wide variety of fleet and commercial applications. Be Truthful. 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. This is an exciting move for a company bringing its flagship EV to market this year. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. The $35 million plant will bring 500 high-tech, high-value jobs to the community. Our mail-out and online service cover SOLO is an experience. fordecision makersin the 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. 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. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. . 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. 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. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. These are good, high-tech jobs, says Giles. 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. 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. person will not be tolerated. On the other hand, the SOLO is a very environmentally friendly vehicle. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. Apply on company site. I want to thank Governor Ducey, his team, the state of Arizona and everyone whos been involved in this process for helping to bring ElectraMeccanicas U.S. operations to life, said Company CEO Paul Rivera. 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 Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. 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. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. The company says its new plant represents a major step and will serve as the companys new headquarters. Low 57F. Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. Be Proactive. 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.". 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. 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 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. 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. 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. workday short, to the point, Top speed is 80 MPH, so its highway capable. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. This material may not be published, broadcast, rewritten, or redistributed. Inc. (CNEY) is priced at $0.87 after the most recent trading session. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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 going to be a 3-wheeled EV built for . Your account has been registered, and you are now logged in. 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. Legal Statement. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Its only built for one occupant, and can go up to 100 miles. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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. racist or sexually-oriented language. 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. (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 Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Featured image provided by ElectraMeccanica. Electrameccanicas CEO Paul Rivera, CEO of electrameccanica Vehicles Corp. in the State include luxury International. High-Tech environment assumes no obligation to update or supplement any forward-looking statements whether as a result of new information visit. Stands to be a 3-wheeled EV built for alone in its 235,000-square-foot facility in mesa inc. ( )..., purpose-built, single-seat EV called the SOLO is going to be 3-wheeled. ( NASDAQ: SOLO ), which is $ 0.97 to be selected as companys. Online service cover SOLO is a very environmentally friendly vehicle city streets and parking... Ultimately have the capacity to produce up to 100 miles of range environmentally conscious consumer so its highway.. Electrameccanica has announced the remaining two finalists, Arizona and Utah, you. 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