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. Job Details. 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. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. 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. 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. She said the decision was one of the first Susan Docherty made as CEO. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. 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. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. Our ICYMI is a weekly newsletter highlighting stories from the past week. 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. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. This center will be erected with multiple labs for comprehensive research. In a high-profile case, she was extradited to California and sentenced to 18 months in a mens prison. 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. 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. 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. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. 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. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. The company has been looking for the right city to build its headquarters and production facilities for about a year. The company said it plans to make more than 20,000 cars a year. ElectraMeccanica announced Docherty as CEO on Dec. 5. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Submitting this form below will send a message to your email with a link to change your password. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. Start your morning with the top headlines each day. Winds WSW at 10 to 20 mph. 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. 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. Receive the daily weather forecast and the weekly outlook in your inbox each morning. The SOLO is currently available for order here. 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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. ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . The statement said that the plant is expected to generate 500 jobs. Officials from Arizona seem quite happy with the decision as well. Vehicles Presented to Committee at Kick-off Media Event. 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. 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. 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. ElectraMeccanica. Two Doors. Canadian electric-vehicle maker ElectraMeccanica will build its three-wheeled, single-seat commuter car for the U.S. market at a factory in Mesa, Ariz. 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. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. The company says its new plant represents a major step and will serve as the company's new headquarters. 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. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders equity The total Debt to Equity ratio for SOLO is recording 0.10 at the time of this writing. In a similar fashion, Electrameccanica Vehicles Corp. posted a movement of -37.17% for the period of last 100 days, recording 892,314 in trading volumes. For more information, please visit www.emvauto.com. Adds Rivera, Even our assembly line work requires skill because youre putting together an EV. The company press release states the new facility will create up to 500 new jobs when it is fully operational. In that particular session, Stock kicked-off at the, CN Energy Group. 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. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. The content produced by this site is for entertainment purposes only. Be Nice. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. 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.. At least until now. ElectraMeccanica now plans to operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2 2021. Inc. (CNEY) is priced at $0.87 after the most recent trading session. Get a link to the latest e-Edition delivered to your inbox each morning. Create a password that only you will remember. Notifications from this discussion will be disabled. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. It is currently valued at $0.23. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. 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 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. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. This material may not be published, broadcast, rewritten, or redistributed. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. Featured image provided by ElectraMeccanica. 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. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. 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. Thats 6.25 miles per kWh, or 160 Wh per mile. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. 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. No other state in the country provides a better environment for ElectraMeccanica to scale its leading-edge technology, and we look forward to continuing to be a partner in the companys long-term success. that is degrading to another person. 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. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . newsletter is published every What Confluence Has Brought EVs To The Mainstream? Bringing our manufacturing facility and vision for our company to life only works if there is a true partnership between local and state government leaders who are committed to economic development, along with solid business partners who share a vision to create products that consumers crave.. 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. It only goes 100 miles, but it does that on only about 16 kWh of battery. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. The second element is fleet and commercial use. ADVERTISEMENT Will the law or the Republican traitors prevail? We want to tap into the U.S.talent pool. Events include: For more information, please visit: https://bit.ly/3DMrUsm. Zero Emissions. Your purchase was successful, and you are now logged in. The Phoenix, Arizona metro area seems like its starting to become an EV production and maintenance hot spot. 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. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 79.13%. It deliveries of the small urban electric vehicle last year. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. 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. 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. 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. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . If you forget it, you'll be able to recover it using your email address. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. 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. The SOLO is currently available for order here. For more information, please visit www.emvauto.com. 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. 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