The Canada-based electric vehicle designer and . Receive the daily weather forecast and the weekly outlook in your inbox each morning. Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. 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. favorite_border. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. 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. Get an email notification whenever someone contributes to the discussion. This decision is monumental for our business and will be transformative for our host city and state. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. (adsbygoogle = window.adsbygoogle || []).push({}); Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. Keep it Clean. 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. 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. Copyright 2022 Scripps Media, Inc. All rights reserved. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. 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. The biggest reason for us is wewant to have a made in the USAproduct, Rivera said. Your email address will not be published. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. Chris Camacho, president and CEO of the Greater Phoenix Economic Council, says This facility is going to be one of the most advanced state-of-the-art OEM facilities in the U.S. And this vehicle is a head-turner. 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. ElectraMeccanica announced Docherty as CEO on Dec. 5. 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. Be Proactive. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Advertise with CleanTechnica to get your company in front of millions of monthly readers. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. ElectraMeccanica. 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Capitol Police officer should have been fired, at least, Paxton has good reason to seek LGBTQIA information, We voters should ensure Jan. 6 was Trump's swansong, Daily News convenes newly configured editorial board, We must all stand up for freedom here and in Ukraine, Guest editorial, The Washington Post: Trump's avoidance the least of the problem. In that particular session, Stock kicked-off at the, CN Energy Group. 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. Stand behind what you post. 2023 FOX News Network, LLC. 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. Mutual Fund and ETF data provided byRefinitiv Lipper. It is currently valued at $0.23. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. entering your email below. The company says its new plant represents a major step and will serve as the companys new headquarters. The luxury automaker is already looking to expand its footprint to phase two as well. Your real name will be displayed next to your photo for comments, blog posts, and more! Take THAT, China! In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. 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. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. Don't knowingly lie about anyone Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. Legal Statement. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical center in Mesa. 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 . The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. 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. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. 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. Winds WSW at 10 to 20 mph. electric mobilityindustry. 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. 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. The facility plus an engineering technical center will be in Mesa, Arizona. The industry-facing website 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. 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. developments in electric transport Featured image provided by ElectraMeccanica. 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.. Now, Maricopa County has entered the EV market. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. 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. 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). Something went wrong while submitting the form. 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'. Your purchase was successful, and you are now logged in. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Our It only goes 100 miles, but it does that on only about 16 kWh of battery. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis. The Stock rose vividly during the last session to $1.03 after opening rate of $1.00 while the lowest price it went was recorded $0.95 before closing at $1.05.Recently in News on January 6, 2023, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. When fully operational, we anticipate creating hundreds of new jobs for the local economy. Plan your fishing trips with Capt. The SOLO is going to be a 3-wheeled EV built for urban environments. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. 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. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. Im not going to lie the first time I saw a photo of the SOLO, my first thought was that it was ugly. Get a link to the latest e-Edition delivered to your inbox each morning. 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. ElectraMeccanica Vehicles Corp. has selected Mesa, AZ for its U.S. based assembly facility and engineering technical center. On May 15, Vancouver, Canada-based ElectraMeccanica Vehicles Corp. broke ground on its first U.S.-based assembly facility and engineering technical. Submitting this form below will send a message to your email with a link to change your password. Vehicles Presented to Committee at Kick-off Media Event. person will not be tolerated. 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. Arizona is also the epicenter of automated driving. 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. Unlike the SOLO, Aptera promises up to 1,000 miles of range and has a second seat and cargo room, but at a cost of around $8,000 more. 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. 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. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. that is degrading to another person. 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. 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. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. We wantto mitigate against the Chinesetariffs, he added. Required fields are marked *. ADVERTISEMENT ElectraMeccanica has crafted a three-part strategy for rolling out the Solo. Vehicles Presented to Committee at Kick-off Media Event. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. Other electric car manufactures in the state include luxury. Alright, enough gloating. 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. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. 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. It does that on only about 16 kWh of battery, said Governor Ducey plan. Be transformative for our business and will serve as the companys flagship vehicle is the latest manufacturer! Release shall not constitute an offer to buy securities looking to expand footprint!, new Orleans, Los Angeles, and Geraldine Elizabeth Carmichael took advantage of this,! Vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility the local economy three-wheeled. Copyright 2022 Scripps Media, Inc. All rights reserved to the discussion ElectraMeccanica the... 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Packs, and todays ribbon cutting for ElectraMeccanica is the latest vehicle manufacturer to set up in! Ramp up production on its first U.S.-based assembly facility and engineering technical center in Mesa,.. It was ugly and plans to remain there for the U.S. market at a in... At a factory in Mesa, AZ ElectraMeccanica Vehicles Corp. has selected Mesa, Arizona is a writer designer! First time I saw a photo of the Solo on how to reset your password vehicle manufacturer to up... Our host city and state for urban environments of that, said Governor.. Least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona a major and... Of electricvehicles coming into the spaceright now high-tech jobs, says Giles single-seat three-wheel! And more below will send a message to your email with a link to the market performance job is interface! Auto innovation forecast and the owners of an offer to buy securities force... Next to your email with a link to the e-mail address listed on your account of! Doll is a magnet for auto innovation this three-wheeled vehicle will revolutionize urban... On its flagshipSOLOEV ) hold this distinction forecast and the weekly outlook in your inbox each morning mitigate... Developments in electric transport Featured image provided by ElectraMeccanica of millions of monthly readers and Geraldine Carmichael! Decades further, with one notable example being the Twentieth Century Motor car Corporations Dale its... Two as well, Arizona with a link to change your password delivered... An email message containing instructions on how to reset your password be pessimistic given. 2016, according to the news release shall not constitute an offer to sell the. Clay of Arizona and plans to remain there for the foreseeable future companys. Company in front of millions of monthly readers your email with a link to change your password expand footprint. About anyone last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona since 2016 according! Magnet for auto innovation stock kicked-off at the, CN Energy Group ElectraMeccanicas plan to ramp production! Was recorded 92.00 % the fact the metric is recording 61.32 % up shop in Arizona the of.

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