ElectraMeccanica currently has just over 70 employees but expects to bring on up to 500 . The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . Supplying the electric vehicle boom and potentially driving its stock price off the charts. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. 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). It reduces dwell time for vehicles and lowers transportation costs, he says. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. The company will also . Click here to download your Free Copy. every workday since 2013. 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. SOLO is best experienced in the real world. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. On the other hand, the SOLO is a very environmentally friendly vehicle. 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. 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. RELATED COVERAGE: Report:. Google, Ford, GM, & Solar Companies Partner To Promote Scaling Of Virtual Power Plants, Vehicle-To-Grid Solutions Could Open Fast Lane To Net-Zero Future, From Hyundai Kona EV to Tesla Model Y Standard Range, USAs 1st Vehicle-To-Grid Export Rate For Commercial Electric Vehicles, Shyft Group Shows Off Its Blue Arc Electric Last Mile Delivery Vehicle To Customers, Mazdas Rotary Range Extender Might Succeed Where Others Have Failed, Dont Fall For Aerodynamic Junk Science When Shopping Trailers (Part 2), Dont Fall For Aerodynamic Junk Science When Shopping For Trailers (Especially For Your EV), The Magic of Heat Pumps: Transforming Homes & Combating Climate Change. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. 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. 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . 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. This announcement comes just months after a rapid retail expansion in the US. 51% Plugin Vehicle Share In The Netherlands! Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. 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. Please avoid obscene, vulgar, lewd, To do this, it hired BDO, a company that specializes in helping companies select places to build. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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 . 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. You can read further details here. In a similar fashion, Electrameccanica Vehicles Corp. posted a movement of -37.17% for the period of last 100 days, recording 892,314 in trading volumes. It takes a village to do what we are doing. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. We hope to continue this momentum.. 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/. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the Arizona Commerce Authority. Invalid password or account does not exist. March 23, 2021. Create a password that only you will remember. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. Now, Maricopa County has entered the EV market. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. 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. 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. 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. This is an exciting move for a company bringing its flagship EV to market this year. This decision is monumental for our business and will be transformative for our host city and state. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional vessel around Phoenix. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. The SOLO is currently available for order here. 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. The team at Lectric eBikes is constantly pushing the envelope with new designs, new features and new functionality so when they invited us to Arizona is about to have more EV chargers per capita than any other US state, with almost 14,000 being added plus more Superchargers. 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. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. We invite you to drive it yourself at one of our retail locations. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Thats less than an hour south of Mesa. Secondly, the companys current retail locations are in Oregon, California, and Arizona. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. She worked with Dale Clift to build a few prototypes for a lightweight 3-wheeled vehicle that could achieve 80 MPG using a motorcycle engine. Take THAT, China! Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. The company press release states the new facility will create up to 500 new jobs when it is fully operational. 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 Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Mountain Mike . Job Details. Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. 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. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. This role will work out of 8127 E Ray Road, Mesa, AZ 85212. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. This includes eight current locations that are open in the Western United States. The company said it plans to make more than 20,000 cars a year. Its going to be a homerun for companies that are in fast food, pizza or grocery deliveries; security companies that monitor parking lots and communities, Rivera says. SOLO on display and available for test drives at the Fleet Forward Conference . Use the 'Report' link on Your e-mail address will be used to confirm your account. May 17th, 2021 5:47 PM Share. 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. The companys shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 960356 for the day, which was evidently lower, when compared to the average daily volumes of the shares. More. The industry-facing website Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. Featured image provided by ElectraMeccanica. The company said it plans to make more than 20,000 cars a year. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. This led to seven bids from local authorities in prospective states. Called it! We want to set an example for other such events throughout America, and hopefully, around the world. At least until now. https://www.electrive.com/2022/12/15/electrameccanica-now-at-home-in-north-america/. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. She said the decision was one of the first Susan Docherty made as CEO. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) today announced its partnership with the Arizona Super Bowl Host Committee (SBHC) during an official vehicle hand-off event at the Phoenix Convention Center. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The diminutive Solo is unlike any other vehicle on the road. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. The $35 million plant will bring 500 high-tech, high-value jobs to the community. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. Notifications from this discussion will be disabled. This could mean daily commutes, food deliveries, or ridesharing. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . Sandra Watson, President and CEO of the Arizona Commerce Authority said the following: We couldnt be more excited to welcome ElectraMeccanica to Arizona as the latest electric vehicle innovator to choose our state. 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. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by 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. 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. No racism, sexism or any sort of -ism Gift this article. 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. Don't knowingly lie about anyone Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. The primary purpose of this job is to interface between our company and the owners of an ElectraMeccanica vehicle. 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. favorite_border. When the transactions were called off. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. Investor Relations Contact The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. Get a link to the latest e-Edition delivered to your inbox each morning. Your purchase was successful, and you are now logged in. Many of these factors are beyond the Companys ability to control or predict. Winds NW at 5 to 10 mph. Many of these factors are beyond the Companys ability to control or predict. ElectraMeccanica will lease the building from developer MarWest Enterprises. 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. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . This is the name that will be used to identify you within the system. 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. Your email address will not be published. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. YouTube here. Plans for this program will be forthcoming. 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. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. 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. EVs Take 55% Of The German Auto Market In December! We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment.. We think there will be a massappeal for fleets because think about how manyapplications there are forfleets, especially arounddelivery for pizzas, and fast food franchise [and] small parcel post.. 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. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. The SOLO is going to be a 3-wheeled EV built for . Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . PRICED AT $15,5001 MEET SOLO About the Arizona Super Bowl Host Committee. 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. 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. March 16, 2021 ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, today announced that it has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. ElectraMeccanica can produce 20,000 electric vehicles (EVs) annually . ElectraMeccanica Arizona City, AZ (On Site) Full-Time. In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. 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. 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. New production hub, the company 's Mesa plant Tampa Bay ) hold this distinction to the release. 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