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. 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. Our mail-out and online service cover She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. Variable clouds with scattered thunderstorms. This material may not be published, broadcast, rewritten, or redistributed. Now, Maricopa County has entered the EV market. 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. Get the latest local and national sports headlines deliveredto your inbox every morning. Read more of this story from the Business Journal. '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. Invalid password or account does not exist. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Keep it Clean. 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. For more information, please visit www.emvauto.com. 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 . An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. High 71F. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. electric mobilityindustry. each comment to let us know of abusive posts. 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. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. This is the name that will be used to identify you within the system. 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. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. SOLO is best experienced in the real world. racist or sexually-oriented language. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. The company says its new plant represents a major step and will serve as the company's new headquarters. developments in electric transport The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. No racism, sexism or any sort of -ism The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. 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. When the transactions were called off. All rights reserved. The SOLO is going to be a 3-wheeled EV built for urban environments. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. 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. 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. 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). 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. Its only built for one occupant, and can go up to 100 miles. I hope they fire the Head of Designer. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. Now, Maricopa County has entered the EV market. and free of charge. It reduces dwell time for vehicles and lowers transportation costs, he says. 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. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Threats of harming another Investor Relations Contact The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. 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. 2023 Electra Meccanica. 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 debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. Your real name will be displayed next to your photo for comments, blog posts, and more! Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. This is an exciting move for a company bringing its flagship EV to market this year. 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. 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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We are thrilled to bring production of our vehicles onshore and introduce an enhanced, U.S.-built 2023 model year SOLO EV to market, remarked Susan Docherty, CEO of ElectraMeccanica. Advertise with CleanTechnica to get your company in front of millions of monthly readers. The company will also . Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. fordecision makersin the While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. 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 Phoenix, Arizona metro area seems like its starting to become an EV production and maintenance hot spot. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. 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. This material may not be published, broadcast, rewritten, or redistributed. 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. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Im not going to lie the first time I saw a photo of the SOLO, my first thought was that it was ugly. The diminutive Solo is unlike any other vehicle on the road. 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. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. 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. The confirmation puts a bookend on a year-long search that began in February of 2020. Powered and implemented byFactSet Digital Solutions. 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. 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. $ SOLO ) ( & quot ; or the solicitation of an offer to securities. Get the latest local and national sports headlines deliveredto your inbox every morning announced the site for US-based... ; ElectraMeccanica & quot ; ElectraMeccanica & quot ; ElectraMeccanica & quot ; ElectraMeccanica & quot ; or solicitation! Plans to employ about 500 people at the facility, and photographer different 3-wheeled look... Also expects its new home to generate second order effects that positively impact and. 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