The facility plus an engineering technical center will be in Mesa, Arizona. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. 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. 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. SOLO on display and available for test drives at the Fleet Forward Conference . electric mobilityindustry. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. 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. This could mean daily commutes, food deliveries, or ridesharing. ElectraMeccanica announced Docherty as CEO on Dec. 5. Stand behind what you post. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. ElectraMeccanica ultimately chose Arizona because of our abundant workforce, and our location with close proximity to California and Mexico is second to none, Watson explains. Thank you to the entire ElectraMeccanica team, Sandra Watson and her team at the Arizona Commerce Authority, Mayor Giles and the City of Mesa, and local leaders for your support on this important project.. It deliveries of the small urban electric vehicle last year. The Canada-based electric vehicle designer and . Two Doors. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. 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. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. SOLO is an experience. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . Winds NW at 5 to 10 mph. This announcement comes just months after a rapid retail expansion in the US. It only goes 100 miles, but it does that on only about 16 kWh of battery. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. 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No pseudonyms or partial Receive the most recent obituaries every afternoon. When fully operational, we anticipate creating hundreds of new jobs for the local economy. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. Start your morning with the top headlines each day. Tesla Model Y #1 Overall! Now, Maricopa County has entered the EV market. The public can see and touch the vehicle, ask questions and place pre-orders. The SOLO is currently available for order here. 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. We hope to continue this momentum.. Thats 6.25 miles per kWh, or 160 Wh per mile. 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. The company's flagship vehicle is the innovative, purpose-built, single-seat. 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. Threats of harming another 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. Common stock shares were lifted by -7.25% during last recorded quarter. 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. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . ElectraMeccanica is eligible for more than $8 million in grants and tax credits from the state but, as of March, hadn't received any incentives, according to the Arizona Commerce Authority.. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. 2023 Electra Meccanica. To do this, it hired BDO, a company that specializes in helping companies select places to build. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. 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. 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. 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. May 17th, 2021 5:47 PM Share. Job Details. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. The company says its new plant represents a major step and will serve as the company's new headquarters. We want to make sure that we can tapinto a logistics base so theres just lots of reasonsto do it and were really excitedto be here in the U.S.. The company said it plans to make more than 20,000 cars a year. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. All Rights Reserved. Legal Statement. 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. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. Zero Emissions. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Real Names required. 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. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). 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. Create a password that only you will remember. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . 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