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. EVs Take 55% Of The German Auto Market In December! No other state in the country provides a better environment for ElectraMeccanica to scale its leading-edge technology, and we look forward to continuing to be a partner in the companys long-term success. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. 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. 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. each comment to let us know of abusive posts. We invite you to drive it yourself at one of our retail locations. Mountain Mike . Joe Kent's Reel Report every evening. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Be Truthful. Vehicles Presented to Committee at Kick-off Media Event. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. 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. 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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. and free of charge. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. What Confluence Has Brought EVs To The Mainstream? It takes a village to do what we are doing. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The 1-year high price for the companys stock is recorded $1.0800 on 01/11/23, with the lowest value was $0.6061 for the same time period, recorded on 01/03/23. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. No racism, sexism or any sort of -ism 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. Your account has been registered, and you are now logged in. It deliveries of the small urban electric vehicle last year. newsletter is published every Click here to download your Free Copy. This announcement comes just months after a rapid retail expansion in the US. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. 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 . On the other hand, the SOLO is a very environmentally friendly vehicle. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. RELATED COVERAGE: Report:. Arizona International Auto Show and San Diego International Auto Show. Receive the daily weather forecast and the weekly outlook in your inbox each morning. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. The vehicle will sell for $18,500, so its going to be pretty affordable. "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. Plans for this program will be forthcoming. In addition, long term Debt to Equity ratio is set at 0.09. ElectraMeccanica announced Docherty as CEO on Dec. 5. The Canada-based electric vehicle designer and . Get a link to the latest e-Edition delivered to your inbox each morning. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. a wide range of relevant stories and 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. 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. The industry-facing website Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . Job Details. 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 companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. New. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. The company has been looking for the right city to build its headquarters and production facilities for about a year. Events include: For more information, please visit: https://bit.ly/3DMrUsm. 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. The other four companies have just as much potential. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.. In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. For more information, please visit www.emvauto.com. 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.". The company said it plans to make more than 20,000 cars a year. 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. High 71F. 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. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. 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. Investor Relations Contact READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. 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. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. The company said it plans to make more than 20,000 cars a year. It only goes 100 miles, but it does that on only about 16 kWh of battery. Your real name will be displayed next to your photo for comments, blog posts, and more! 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. The SOLO is going to be a 3-wheeled EV built for urban environments. 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. Two Doors. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. electrive.com is a newsservice SOLO on display and available for test drives at the Fleet Forward Conference, Los Angeles Auto Show, Arizona International Auto Show and San Diego International Auto Show. The company will be producing its flagship EV, the single-seat Solo. Don't knowingly lie about anyone 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. Were riding the macroeconomictailwinds right now.. 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. 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. 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. ICYMI also features select historical content. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Mutual Fund and ETF data provided byRefinitiv Lipper. 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. 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. across Europe and beyond. With a top speed of 80 mph and a range of 100 miles, it will retail for $18,500. Receive special offers from The Daily News and select partners including discounts, contests and more. This center will be erected with multiple labs for comprehensive research. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. that is degrading to another person. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Chance of rain 50%.. Generally clear. Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. 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. Receive the latest Dear Abby column in your inbox each morning. FAQ - New Privacy Policy, ElectraMeccanicaCEO Paul Rivera discussed the growth trajectory for the electric vehicle industry during an exclusive interview with Mornings with Maria on Tuesday, saying that his company is riding the macroeconomic tailwinds right now.. JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs. As of October, the state has added 14,100 manufacturing jobs in 2022 with a growth rate over double the percentage of the national average, according to the Arizona Commerce Authority. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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'. The luxury automaker is already looking to expand its footprint to phase two as well. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. Quotes displayed in real-time or delayed by at least 15 minutes. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. 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). 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