Beyond working to address commuting and traffic congestion challenges in the region, the Company intends to work with local municipalities to initiate a future pilotSOLOshare ecosystem in the Mesa and the greater Phoenix region. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. Read more of this story from the Business Journal. 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. This could mean daily commutes, food deliveries, or ridesharing. 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. builds on the email briefing we publish I hope they fire the Head of Designer. The facility plus an engineering technical center will be in Mesa, Arizona. Save my name, email, and website in this browser for the next time I comment. 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. Advertise with CleanTechnica to get your company in front of millions of monthly readers. Threats of harming another racist or sexually-oriented language. Its just inevitable, Rivera said. 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. Doug Ducey attend the commissioning ceremony for the company's Mesa plant. The vehicle will sell for $18,500, so its going to be pretty affordable. Stand behind what you post. 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. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. This led to seven bids from local authorities in prospective states. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Buzz Pro review: Is it enough to become iconic, again? What Confluence Has Brought EVs To The Mainstream? The Canada-based electric vehicle designer and . 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.. Year-to-date Price performance of the companys stock appears to be pessimistic, given the fact the metric is recording 61.32%. The company says its new plant represents a major step and will serve as the companys new headquarters. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. This announcement comes just months after a rapid retail expansion in the US. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. 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. a franchisee of multiple Mountain Mike's Pizza locations in Arizona and Utah. 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. VW ID. BMW iX review: How efficient is the BMW eSUV in real life? No matter how you measure the efficiency, thats pretty amazing. Supplying the electric vehicle boom and potentially driving its stock price off the charts. Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Notifications from this discussion will be disabled. We are proud of these one-of-a-kind vehicles that will be made in Mesa, bolstering Arizonas robust manufacturing industry. 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). For more information, please visit www.emvauto.com. ElectraMeccanica now plans to operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2 2021. Low 57F. The Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. We invite you to drive it yourself at one of our retail locations. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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. This role will work out of 8127 E Ray Road, Mesa, AZ 85212. ICYMI is a weekly newsletter highlighting stories from the past week. The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. Top speed is 80 MPH, so its highway capable. 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. Arizona is a driving force of innovation, and todays ribbon cutting for ElectraMeccanica is further proof of that, said Governor Ducey. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. The company says its new plant represents a major step and will serve as the company's new headquarters. Choose wisely! (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by Except for the statements of historical fact contained herein, the information presented in this news release constitutes forward-looking statements as such term is used in applicable United States and Canadian securities laws. Receive an email notification each time resident weather expert Stan Blazyk writes a new article. 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. 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. 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. 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. It blends a modern look with safety features at an accessible price point of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo model, which features an expanded cargo box to accommodate a wide variety of fleet and commercial applications. Even if someone almost always drives alone, they want to get the most bang for their buck, and be able to use it on occasion to pick up a TV from the electronics store or to take some friends out on a double-date. FTC: We use income earning auto affiliate links. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. We hope to continue this momentum.. 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. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. 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. 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. Gift this article. 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 content produced by this site is for entertainment purposes only. Chance of rain 50%.. Generally clear. The public can see and touch the vehicle, ask questions and place pre-orders. The SOLO is currently available for order here. 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. The second element is fleet and commercial use. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. 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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. Zero Emissions. The area will also be the home to the companys first US-based engineering technical centre. Plan your fishing trips with Capt. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. All Rights Reserved. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. 51% Plugin Vehicle Share In The Netherlands! 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. 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