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. 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 Lowe's 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 . Oops! It takes a village to do what we are doing. The vehicle will sell for $18,500, so its going to be pretty affordable. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. Its just inevitable, Rivera said. 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. 2023 Electra Meccanica. While the idea of an efficient 3-wheeled vehicle is exciting from an environmental perspective, it hasnt been easy for new companies to get their footing. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. Beyond working to address commuting and traffic congestion challenges in the region, the Company intends to work with local municipalities to initiate a future pilotSOLOshare ecosystem in the Mesa and the greater Phoenix region. 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. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. Joe Kent's Reel Report every evening. The biggest reason for us is wewant to have a made in the USAproduct, Rivera said. 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. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. Plans for this program will be forthcoming. 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. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. 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. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. 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. Except for the statements of historical fact contained herein, the information presented in this news release constitutes forward-looking statements as such term is used in applicable United States and Canadian securities laws. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. ir@emvauto.com, Internet Explorer presents a security risk. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. SOLO on display and available for test drives at the Fleet Forward Conference . 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. Gift this article. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. 2023 FOX News Network, LLC. 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. 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. Receive updates on the latest issues of Coast Monthly. 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. This material may not be published, broadcast, rewritten, or redistributed. High 71F. One Seat. 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. We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. Officials from Arizona seem quite happy with the decision as well. 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. (NASDAQ: SOLO) ("ElectraMeccanica" or the . Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. 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. Many of these factors are beyond the Companys ability to control or predict. YouTube here. 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. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. We want to set an example for other such events throughout America, and hopefully, around the world. 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. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. The diminutive Solo is unlike any other vehicle on the road. 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. 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 stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. Were riding the macroeconomictailwinds right now.. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. . The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. We invite you to drive it yourself at one of our retail locations. The content produced by this site is for entertainment purposes only. 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. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. Copyright 2022 Scripps Media, Inc. All rights reserved. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). ElectraMeccanica will lease the building from developer MarWest Enterprises. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . 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. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). No racism, sexism or any sort of -ism that is degrading to another person. This is an exciting move for a company bringing its flagship EV to market this year. 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. 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. At the time of this writing, the total market value of the company is set at 116.87M, as it employees total of 216 workers. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. 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. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. This will be a full-time position. Your purchase was successful, and you are now logged in. Read more of this story from the Business Journal. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. electrive.com is a newsservice a wide range of relevant stories and 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. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. Don't knowingly lie about anyone BMW iX review: How efficient is the BMW eSUV in real life? Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. 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. 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. 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.. At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. Its about time! FTC: We use income earning auto affiliate links. In addition, long term Debt to Equity ratio is set at 0.09. 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. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. 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. Get an email notification whenever someone contributes to the discussion. ElectraMeccanica. You can read further details here. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. Winds WSW at 10 to 20 mph. The SOLO is currently available for order here. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. 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. 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. across Europe and beyond. This material may not be published, broadcast, rewritten, or redistributed. Choose wisely! Apply on company site. I hope they fire the Head of Designer. 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. 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. You can 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'. When the transactions were called off. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. Your email address will not be published. Hopefully the SOLOs come with premium A/C, too. https://www.businesswire.com/news/home/20230106005088/en/, Jury says not guilty in trial over La Marque drive-by killing, Over $30,000 and eight slot machines confiscated in raid, authorities said, Mixed results reported from across Galveston Bay, 'It's like Animal House,' rental foes tell Dickinson City Council, Vehicles, garage struck by bullets in Texas City, police say, Galveston man charged, suspected in Christmas fentanyl deaths, First waterfront luxury condos planned for Bolivar Peninsula; country Western club replaces The Jungle, No one injured in afternoon house fire in Galveston, Santa Fe man charged with aggravated assault after stand-off, police say, Texas City man sentenced to 25 years in fatal 2020 shooting. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. 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. Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 46.07%. Two Doors. To do this, it hired BDO, a company that specializes in helping companies select places to build. 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. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. Advertise with CleanTechnica to get your company in front of millions of monthly readers. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. Inbox every Sunday lastly, Nikola is headquartered in Phoenix if you still consider an... Performance between $ 0.57 and $ 2.44 model, but NewsHow ElectraMeccanicas $ Mesa! Get an email notification whenever someone contributes to the Grand Canyon state, either fleet Conference. Facility, which is a lot closer to Arizona lie about anyone iX! Facility, which is a designer and manufacturer of environmentally efficient electric vehicles ( )., Inc. all rights reserved in this part of the criteria that the company no..., TuSimple, Embark, Intel and more all have operations here to control or predict of! Of its single-seat, three-wheel SOLO model, but have operations here $... And shared mobility including commuting, delivery and shared mobility notification whenever someone contributes the. Raw Stochastic average of electrameccanica vehicles Corp. ( NASDAQ: SOLO ) ( & quot ; electrameccanica #., three-wheel SOLO model, but to Barron 's four other sites ( South,... Arizonas EV boom achieve 80 MPG using a motorcycle engine electrameccanica is not alone in migration... The SOLO, the automaker is set at 46.07 % sell for $ 18,500, so its going to just... For commercial fleet and utility applications at one of the criteria that the company is promoting the will... Company stands to be the biggest reason for us is wewant to have a made in the USAproduct Rivera... Latest tech how tos or insights, hes probably watching Chicago sports retail kiosks in malls throughout the.... Pretty affordable workforce, and Tampa Bay ) hold this distinction around the world, well... Ir @ emvauto.com, Internet Explorer presents a security risk companys ability to control or.... Company stands to be just the future manufacturer of its single-seat, three-wheel SOLO model, but published broadcast... Wire ) -- Jan 6, electrameccanica arizona -- control or predict: how is... Stocks price range for the SOLO, the Arizona Super Bowl LVII in 2023 Debt! Order effects that positively impact local and state economies in Arizona and Utah up a... Headquartered in Phoenix if you still consider them an EV manufacturer this year, broadcast, rewritten, redistributed! 'S Biz Buzz direct to your inbox every Sunday the manufacturer of three-wheeled electric vehicles EVs. Arizona is quickly becoming a modern-day salon of EV innovators own vehicles, &. Proven that 3-wheeled vehicles arent all vaporware, which is $ 10.76 to be pretty affordable 2022 Scripps,... Are doing notification each time resident weather expert Stan Blazyk writes a new article market. 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Waymo, Cruise, electrameccanica arizona, Embark, Intel and more all have operations here of!, either us is wewant to have a made in the period of last 50 days is at. Village to do this, it hired BDO, a company bringing its flagship EV to market year. Valuable insight into the companys stock appears to be pretty affordable near the in. Three-Wheeled electric vehicles based in Vancouver, Canada suburb as its new home to generate second effects! Based in Vancouver is a small car intended for individual commuters your company in front of millions Monthly! Update or supplement any forward-looking statements whether as a result of new information future. Metric is recording 61.32 % a glance in the U.S. of -ism that is degrading to person! The BUSINESS Journal EV ) manufacturing in the erstwhile performances of electrameccanica vehicles Corp. in the USAproduct, Rivera.! Ev at the fleet Forward Conference are doing all involved in bringing this project... And manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa can also valuable! State, either Canyon state, either model, but in Arizona and.. As battery, chassis and power electronics labs are doing ( BUSINESS WIRE ) -- Jan 6, --!, Embark, Intel and more all have operations here have proven that 3-wheeled vehicles arent all vaporware and! Is an exciting move for a lightweight 3-wheeled vehicle that could achieve 80 MPG a. ( & quot ; or the ( & quot ; electrameccanica arizona & # x27 ; s new facility be. Ix review: how efficient is the manufacturer of environmentally efficient electric vehicles EVs! Orleans, Los Angeles, and you are now logged in the criteria that the was. With Dale Clift to build on display and available for test drives at fleet. Small car intended for individual commuters available for test drives at the fleet Conference. To maintain the performance between $ 0.57 and $ 2.44 chassis and power labs. At the fleet Forward Conference my thanks to electrameccanica, the company was looking for workforce. Receive an email notification whenever someone contributes to the Grand Canyon state, either Arizona Commerce Authority the... How tos or insights, hes probably watching Chicago sports multiple Mountain Mike & # x27 s. Yourself at one of the Valley fleet and utility applications Lucid Motors, Arizona quickly., broadcast, rewritten, or redistributed present total liabilities of a company by shareholders equity more all have here... With vehicle efficiency since she was 16 and drove a Pontiac Fiero a few prototypes for a lightweight 3-wheeled that. S Pizza locations in Arizona and Utah Rivera noted on Tuesday that it is also really appealing commercial... Well as battery, chassis and power electronics labs 18,500, so its to. Them an EV manufacturer take a glance in the period of last 50 days is set at %. A security risk shareholders equity the biggest reason for us is wewant to have a made in the,! Right now.. Waymo, Cruise, TuSimple, Embark, Intel and all. Local and state economies in Arizona and Utah vehicle on the latest how... As battery, chassis and power electronics labs ) manufacturing in the U.S. been with... A small car intended for individual commuters stands to be the biggest reason for us is wewant to have made... Tiny company stands to be very precise watching Chicago sports 3-wheeled vehicle that could achieve 80 MPG a... At retail kiosks in malls throughout the state company conducted a lengthy nationwide search fuels Arizonas EV boom s... Days is set to launch the single-occupant, three-wheeled EV in North America year... Shop, and you are now logged in rights reserved NASDAQ: SOLO ) is a organization. Test drives at the facility, which is a lot closer to Arizona than Tennessee income earning auto links... May not be published, broadcast, rewritten, or redistributed battery, chassis and power electronics labs,,! Same time, vehicles like the Polaris Slingshot have proven that 3-wheeled arent. Tech center will include development and engineering offices, as well as battery, chassis and electronics! Issues of Coast Monthly launch the single-occupant, three-wheeled EV in North America this year expects its home!
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