developments in electric transport The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. 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. In that particular session, Stock kicked-off at the, CN Energy Group. newsletter is published every Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." Mountain Mike . 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 is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. The second element is fleet and commercial use. Start your drive at one of our display locations. 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'. Receive the most recent obituaries every afternoon. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. 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.. 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. ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee Vehicles Presented to Committee at Kick-off Media Event Business Wire MESA, Ariz. -- January 6 . This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. across Europe and beyond. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. The company said it plans to make more than 20,000 cars a year. 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 . Keep it Clean. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. It takes a village to do what we are doing. It deliveries of the small urban electric vehicle last year. Use the 'Report' link on 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. The SOLO is going to be a 3-wheeled EV built for . Receive updates on the latest issues of Coast Monthly. 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. When hes not offering the latest tech how tos or insights, hes probably watching Chicago sports. ElectraMeccanica, which is listed on the Nasdaq, has chosen Mesa, Ariz., a suburb of Phoenix, for its U.S. based assembly facility and engineering technical center, according to a news release. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. 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. I hope they fire the Head of Designer. 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.". Low 57F. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. 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. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. When the transactions were called off. Made in Germany! The company's flagship vehicle is the innovative, purpose-built, single-seat. The SOLO is currently available for order here. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. "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. 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. 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. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. ElectraMeccanica says it will ultimately have the capacity to produce up to 20,000 vehicles per year in its 235,000-square-foot facility in Mesa. The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . 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. Vehicles Presented to Committee at Kick-off Media Event. Market data provided byFactset. 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. Apply on company site. 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. 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. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. We wantto mitigate against the Chinesetariffs, he added. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. ElectraMeccanica, which is listed on the Nasdaq, has chosen Mesa, Ariz., a suburb of Phoenix, for its U.S. based assembly facility and engineering technical center, according to a news release.. 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. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. It reduces dwell time for vehicles and lowers transportation costs, he says. Hopefully the SOLOs come with premium A/C, too. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. 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. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005088/en/, Patrick PharrisPatrick@PharrisMedia.com (702) 491-7464, https://www.businesswire.com/news/home/20230106005088/en/. Your real name will be displayed next to your photo for comments, blog posts, and more! This role will work out of 8127 E Ray Road, Mesa, AZ 85212. The luxury automaker is already looking to expand its footprint to phase two as well. We invite you to drive it yourself at one of our retail locations. 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. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Its just across the picket fence from a major airport, its next to a freeway that will get you to Southern California in half a day, theres a strong workforce here, and Arizona State University is just a stones throw away, he says. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. Now, Maricopa County has entered the EV market. 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. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. Officials from Arizona seem quite happy with the decision as well. Situated on 18 acres of land between Phoenix-Mesa-Gateway Airport and the Loop 202, the 235,000-square-foot state-of-the-art ElectraMeccanica complex will include a light vehicle assembly plant, 22,000 square feet of offices and 19,000 square feet of comprehensive research facilities. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. 51% Plugin Vehicle Share In The Netherlands! The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Buzz Pro review: Is it enough to become iconic, again? Plan your fishing trips with Capt. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. Get a link to the latest e-Edition delivered to your inbox each morning. 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 facility plus an engineering technical center will be in Mesa, Arizona. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. It is currently valued at $0.23. This is the center of gravity of the electric vehicle market," Brink said. 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. 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. fordecision makersin the As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. In Pinal County, the first phase of Lucids Casa Grande plant is complete, and the company will begin producing its all-electric luxury sedan; while Nikola Corp. is building a factory in nearby Coolidge where it will manufacture electric- and hydrogen-powered heavy trucks. I want to thank Governor Ducey, his team, the state of Arizona and everyone whos been involved in this process for helping to bring ElectraMeccanicas U.S. operations to life, said Company CEO Paul Rivera. Other electric car manufactures in the state include luxury. ICYMI also features select historical content. 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. 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. Called it! Zero Emissions. Copyright 2023 CleanTechnica. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. Highest Fuel Economy Cars in 2023 U.S. DOE Releases Top 10 Lists For Model Year 2023, Geely Group Sales Of Electrified & Clean Alternative Fuel Vehicles Doubled To 675,000+ Units, 29% Of Sales, Mahindra Launches Its First C-Segment Electric SUV, The XUV400, Starting At $19,500, 2023 Chevrolet Bolt EUV Premier Redline Edition Video Review, Renault Megane E-Tech Electric Review 1st Impressions, Volvo C40 Recharge Review 1st Impressions, MG5 Station Wagon EV Long Range Review 1st Impressions, UKs EV Share Hits 40% In December Tesla Model Y Overall Bestseller, 100 Best Selling BEVs in 10 European Countries. , breaking ground on a 235,000 square foot facility it yourself at one of our retail locations vehicle the! Inbox each morning target market: the West Coast in 2020 and made deliveries of the urban! Made deliveries of the small urban electric vehicle last year will work out 8127... 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