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. ElectraMeccanica. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. Oops! electrive.com is a newsservice May 17th, 2021 5:47 PM Share. Winds WSW at 10 to 20 mph. 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. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. Its going to be a homerun for companies that are in fast food, pizza or grocery deliveries; security companies that monitor parking lots and communities, Rivera says. Thats less than an hour south of Mesa. Events include: For more information, please visit: https://bit.ly/3DMrUsm. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. It reduces dwell time for vehicles and lowers transportation costs, he says. 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 confirmation puts a bookend on a year-long search that began in February of 2020. The company press release states the new facility will create up to 500 new jobs when it is fully operational. Be Truthful. I hope they fire the Head of Designer. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Apply on company site. To do this, it hired BDO, a company that specializes in helping companies select places to build. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. Receive special offers from The Daily News and select partners including discounts, contests and more. 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. Now, Maricopa County has entered the EV market. Notifications from this discussion will be disabled. Get the latest local and national sports headlines deliveredto your inbox every morning. 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. 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. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional vessel around Phoenix. Elio Motors is another example of a company that stumbled in this space. 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. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. We think there will be a massappeal for fleets because think about how manyapplications there are forfleets, especially arounddelivery for pizzas, and fast food franchise [and] small parcel post.. In addition to a light vehicle production facility, it will also be building multiple labs to support comprehensive research facilities and vehicle chassis, battery pack, and power electronics testing workshops. 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. Plan your fishing trips with Capt. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. 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. 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. 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. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. 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. Give Light and the People Will Find Their Own Way. The company will also . Now, Maricopa County has entered the EV market. Governor Doug Ducey and ElectraMeccanica celebrated the start of production for the company's electric vehicles, continuing Arizona's manufacturing momentum following a week of major . No racism, sexism or any sort of -ism We want to tap into the U.S.talent pool. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. 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. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. Your email address will not be published. SOLO on display and available for test drives at the Fleet Forward Conference . 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. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. We won't share it with anyone else. 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. 2023 FOX News Network, LLC. 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. ir@emvauto.com, Internet Explorer presents a security risk. Required fields are marked *. The SOLO is currently available for order here. newsletter is published every In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. It only goes 100 miles, but it does that on only about 16 kWh of battery. 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. 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. 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. This led to seven bids from local authorities in prospective states. 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. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . This is the center of gravity of the electric vehicle market," Brink said. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. 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. This announcement comes just months after a rapid retail expansion in the US. 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 . 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.. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. On the other hand, the SOLO is a very environmentally friendly vehicle. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by Inc. (CNEY) is priced at $0.87 after the most recent trading session. Mutual Fund and ETF data provided byRefinitiv Lipper. ICYMI also features select historical content. RELATED COVERAGE: Report:. Thats 6.25 miles per kWh, or 160 Wh per mile. Your email address will not be published. These are good, high-tech jobs, says Giles. 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