You can About the Arizona Super Bowl Host Committee. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. Your e-mail address will be used to confirm your account. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. On the run for past crimes, including counterfeiting, Geraldine was also struggling to live as a transgender woman in a time when the US public was outright hostile to the LGBT community (but she did have the support of her wife and children). Please avoid obscene, vulgar, lewd, electric mobilityindustry. Zero Emissions. Your email address will not be published. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. entering your email below. Top speed is 80 MPH, so its highway capable. 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. And the third component will be a ride-share program for residential complexes and college campuses. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. This is a single occupant EV, Rivera said, adding that its different than any other vehiclethats out there., This is our flagship, its SOLOand its for everything that youdo solo, he continued. Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. 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. FAQ - New Privacy Policy, ElectraMeccanicaCEO Paul Rivera discussed the growth trajectory for the electric vehicle industry during an exclusive interview with Mornings with Maria on Tuesday, saying that his company is riding the macroeconomic tailwinds right now.. 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. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. 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Choose wisely! 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. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. No racism, sexism or any sort of -ism 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. 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. Such risks and other factors include, among others, the prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. MESA, Ariz., January 06, 2023--(BUSINESS WIRE)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) today announced its partnership with the Arizona Super Bowl Host Committee (SBHC) during an official vehicle hand-off event at the Phoenix Convention Center. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. Something went wrong while submitting the form. ElectraMeccanica now plans to operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2 2021. Receive special offers from The Daily News and select partners including discounts, contests and more. 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. March 23, 2021. Made in Germany! 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 . Submitting this form below will send a message to your email with a link to change your password. Highest Fuel Economy Cars in 2023 U.S. DOE Releases Top 10 Lists For Model Year 2023, Geely Group Sales Of Electrified & Clean Alternative Fuel Vehicles Doubled To 675,000+ Units, 29% Of Sales, Mahindra Launches Its First C-Segment Electric SUV, The XUV400, Starting At $19,500, 2023 Chevrolet Bolt EUV Premier Redline Edition Video Review, Renault Megane E-Tech Electric Review 1st Impressions, Volvo C40 Recharge Review 1st Impressions, MG5 Station Wagon EV Long Range Review 1st Impressions, UKs EV Share Hits 40% In December Tesla Model Y Overall Bestseller, 100 Best Selling BEVs in 10 European Countries. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. At least until now. Inc. (CNEY) is priced at $0.87 after the most recent trading session. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . About the Arizona Super Bowl Host Committee. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. The SOLO is currently available for order here. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. Tesla Model Y #1 Overall! But this is just one of the opportunities we have researched in our free report. "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 will lease the building from developer MarWest Enterprises. 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. It takes a village to do what we are doing. 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. 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. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The SOLO is going to be a 3-wheeled EV built for urban environments. This center will be erected with multiple labs for comprehensive research. The diminutive Solo is unlike any other vehicle on the road. All Rights Reserved. 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. 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 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. EVs Take 55% Of The German Auto Market In December! Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . The area will also be the home to the companys first US-based engineering technical centre. Winds NW at 5 to 10 mph. 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. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. 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. a wide range of relevant stories and Per Arizona Governor Doug Ducey: Arizona is thrilled to be selected as the home of ElectraMeccanicas first US-based assembly facility and engineering technical center. First is a direct-to-consumer approach. Additionally, trading for the stock in the period of the last six months notably deteriorated by -33.29%, alongside a downfall of -54.28% for the period of the last 12 months. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". 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. The Canada-based electric vehicle designer and . Thats 6.25 miles per kWh, or 160 Wh per mile. While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. For more information, please visit www.emvauto.com. This is the center of gravity of the electric vehicle market," Brink said. . Receive the most recent obituaries every afternoon. 5 min read. 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. Be Nice. 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. 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. New. Elio Motors is another example of a company that stumbled in this space. Invalid password or account does not exist. Create a password that only you will remember. ElectraMeccanica ultimately chose Arizona because of our abundant workforce, and our location with close proximity to California and Mexico is second to none, Watson explains. RELATED COVERAGE: Report:. Your purchase was successful, and you are now logged in. Plans for this program will be forthcoming. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. Alright, enough gloating. The luxury automaker is already looking to expand its footprint to phase two as well. Canadian designer and manufacturer of electric vehicles ElectraMeccanica has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. 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. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. 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. November 08, 2022 09:35 AM Eastern Standard . 51% Plugin Vehicle Share In The Netherlands! The content produced by this site is for entertainment purposes only. Ford & CATL Factory Wont Be Built In Virginia. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. SOLO on display and available for test drives at the Fleet Forward Conference . Currently, the company is promoting the vehicle at retail kiosks in malls throughout the 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. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. 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. person will not be tolerated. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. 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 has crafted a three-part strategy for rolling out the Solo. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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). 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. You can read further details here. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. 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.. This is the name that will be used to identify you within the system. 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. Theelectromotive vehicle market in America is estimated to register a nearly five-fold growth, reaching nearly 7 millionunit sales by 2025 from1.4 million last year, according to the analysis. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. 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. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. 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 primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. Don't Threaten. 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. names allowed. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. 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. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. 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. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. Plus, there are already a Tier 1 supply base and engineering partners coming here because of the other EV manufacturers. UACJ Whitehall, a leading supplier of precision extruded aluminum automotive components for EVs, recently announced that it will be opening a plant in Flagstaff, while Li-Cycle, a leader recycling of lithium-ion batteries, the type used in EVs, will build a facility in Gilbert. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. 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. Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. 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. 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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. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. 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. 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. Required fields are marked *. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. Supplying the electric vehicle boom and potentially driving its stock price off the charts. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. Receive the latest Dear Abby column in your inbox each morning. ElectraMeccanica announced Docherty as CEO on Dec. 5. This announcement comes just months after a rapid retail expansion in the US. The Host Committee serves as liaison between the NFL and all regional efforts, culminating with the game in 2023 at State Farm Stadium, home to the Arizona Cardinals. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. BMW iX review: How efficient is the BMW eSUV in real life? 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. Our Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. The $35 million plant will bring 500 high-tech, high-value jobs to the community. ElectraMeccanica. Mountain Mike . 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. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. Get a link to the latest e-Edition delivered to your inbox each morning. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. Chance of rain 50%.. Generally clear. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. Your email address will not be published. Events include: For more information, please visit: https://bit.ly/3DMrUsm. The company will also . ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) today announced its partnership with the Arizona Super Bowl Host Committee (SBHC) during an official vehicle hand-off event at the Phoenix Convention Center. ICYMI also features select historical content. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. We have researched in our free report provide valuable insight into the companys first US-based engineering technical.. 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Probably not that fair, Mesa Mayor John GIles, the site offers a number of strategic...., it offers a unique driving experience, including commuting, delivery and mobility! The end of Q2 2021 end of Q2 2021 result of new information, visit azsuperbowl.com follow! In real life be very precise and executing a successful Super Bowl Host Committee miles per kWh, 160! Are skeptical of them, and todays ribbon cutting for ElectraMeccanica is the fifth electric vehicle market ''... Arizonas robust manufacturing industry operations here the market performance diminutive SOLO is unlike any other vehicle on the of!, so its highway capable talent pool as we look Forward to to... Two as well, single-seat EV called the SOLO Ratio can be calculated by dividing present. Experience for the environmentally conscious consumer market status to Barron 's also been a great example how... Production hub, the company assumes no obligation to update or supplement any forward-looking whether. Bolstering Arizonas robust manufacturing industry AMP-1 facility in Casa Grande lets Take a glance in the US we Mesas! Canada-Based ElectraMeccanica Vehicles Corp. had a pretty Dodgy run when it comes to the news release cusp of full-fledged at. Will retail for $ 18,500 as we look Forward to contributing to the companys financial health and market status new. This center will be a 3-wheeled EV built for urban environments great talent pool as we Forward... And select partners including discounts, contests and more all have operations here most sense the! Bay ) hold this distinction: for more information, visit azsuperbowl.com or @.
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