How Do You Charge An Electric Car At Home? 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. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. 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. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. Plans for this program will be forthcoming. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. She said the decision was one of the first Susan Docherty made as CEO. Were riding the macroeconomictailwinds right now.. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. Joe Kent's Reel Report every evening. The new facility will support ElectraMeccanicas goal of meeting anticipated demand for their flagship SOLOEV with the capability of producing up to 20,000 vehicles a year, according to therelease, which noted that the factory, which features a light vehicle assembly plant and state-of-the-art engineering technical center, is expected to create up to 500 new jobs. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. Plan your fishing trips with Capt. Other electric car manufactures in the state include luxury. Stand behind what you post. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You can read further details here. Gift this article. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. Save my name, email, and website in this browser for the next time I comment. Tesla Model Y #1 Overall! 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. 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.. I hope they fire the Head of Designer. Hopefully the SOLOs come with premium A/C, too. ADVERTISEMENT This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Receive the latest Dear Abby column in your inbox each morning. Any 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 anticipates, estimates, projects, expects, contemplates, intends, believes, plans, may, will, or their negatives or other comparable words) are not statements of historical fact and should be viewed as forward-looking statements. Arizona is thrilled to be selected as the home of ElectraMeccanicas first U.S.-based assembly facility and engineering technical center, said Governor Doug Ducey. YouTube here. But this is just one of the opportunities we have researched in our free report. High 71F. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. Features include 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. The SOLO is currently available for order here. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. names allowed. 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. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. 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.. Get the latest local and national sports headlines deliveredto your inbox every morning. The Canada-based electric vehicle designer and . "I think this was a very natural place for us to come. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Take THAT, China! The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Supplying the electric vehicle boom and potentially driving its stock price off the charts. ICYMI is a weekly newsletter highlighting stories from the past week. The new factory will ultimately create about 500 jobs, and the people working there will be able to build up to 20,000 of the SOLO vehicles every year. It takes a village to do what we are doing. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. We wantto mitigate against the Chinesetariffs, he added. 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. 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. every workday since 2013. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. Apply on company site. FTC: We use income earning auto affiliate links. 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. 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. 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. The $35 million plant will bring 500 high-tech, high-value jobs to the community. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Companys filings with the Securities and Exchange Commission. 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. Aptera is a great example of this, as the company failed almost a decade ago before coming back to life in the last two years. 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. Variable clouds with scattered thunderstorms. 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. Word among publications is that it only takes a few hours to charge it on Level 1, so many people will find it a convenient commuting option. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. Now, Maricopa County has entered the EV market. 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.. 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. 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. When fully operational, we anticipate creating hundreds of new jobs for the local economy. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. 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. The statement said that the plant is expected to generate 500 jobs. "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. MESA, Ariz.--(BUSINESS WIRE)--Jan 6, 2023--. 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. Many of these factors are beyond the Companys ability to control or predict. 51% Plugin Vehicle Share In The Netherlands! 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. The company says its new plant represents a major step and will serve as the company's new headquarters. 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. This decision is monumental for our business and will be transformative for our host city and state. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. 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. The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. This will be a full-time position. RELATED COVERAGE: Report:. 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. Top speed is 80 MPH, so its highway capable. Keep it Clean. 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. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. Something went wrong while submitting the form. Ford & CATL Factory Wont Be Built In Virginia. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Our mail-out and online service cover 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. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. 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. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. 2023 Electra Meccanica. 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. You can In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. entering your email below. 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.". We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. 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. 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. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. This is a single occupant EV, Rivera said, adding that its different than any other vehiclethats out there., This is our flagship, its SOLOand its for everything that youdo solo, he continued. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. Get a link to the latest e-Edition delivered to your inbox each morning. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Use the 'Report' link on This is the name that will be used to identify you within the system. About the Arizona Super Bowl Host Committee. 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. ElectraMeccanica will lease the building from developer MarWest Enterprises. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The public can see and touch the vehicle, ask questions and place pre-orders. BMW iX review: How efficient is the BMW eSUV in real life? VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona All Rights Reserved. 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. racist or sexually-oriented language. We won't share it with anyone else. We hope to continue this momentum.. Will the law or the Republican traitors prevail? 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. Its just inevitable, Rivera said. Chance of rain 50%.. Generally clear. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. Winds WSW at 10 to 20 mph. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. ElectraMeccanica has crafted a three-part strategy for rolling out the Solo. The company is currently licensed to sell its flagship three-wheeled, one-seater, electric vehicle, the Solo and Solo Cargo, in California and Arizona. . After getting investor money, building three prototypes, and then getting more investor money, she disappeared for years, hiding in Dale, Texas and assuming another name.
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