MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. With Lucid Motors setting up a factory in nearby Casa Grande (a 20-30 minute drive away) and Gruber Motors rebuilding/refurbishing Tesla vehicles in Phoenix proper, ElectraMeccanicas SOLO production facilities will be in good company. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. We hope to continue this momentum.. BMW iX review: How efficient is the BMW eSUV in real life? Winds WSW at 10 to 20 mph. 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. Click here to download your Free Copy. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. These are good, high-tech jobs, says Giles. 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. Our 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. 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.. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. 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. Apteras latest designs have also been a great example of how efficient 3-wheeled EVs can be. When fully operational, we anticipate creating hundreds of new jobs for the local economy. Alright, enough gloating. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Threats of harming another FTC: We use income earning auto affiliate links. Eventually, ElectraMeccanica plans to employ about 500 people at the facility, and it is already hiring for engineering positions. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. First is a direct-to-consumer approach. GET FOX BUSINESS ON THE GO BY CLICKING HERE, So theres a lot of electricvehicles coming into the spaceright now. The second element is fleet and commercial use. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. Its just inevitable, Rivera said. 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. 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. It takes a village to do what we are doing. The company worked with officials to see what kind of incentives they could get to set up shop, and Arizona offered a good mix of flexibility and workforce availability. You can The statement said that the plant is expected to generate 500 jobs. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. The content produced by this site is for entertainment purposes only. 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. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Please avoid obscene, vulgar, lewd, The vehicles will help SBHC employees and volunteers to easily navigate crowded city streets and limited parking options. Companies testing their cars at proving grounds in the state include GM, Ford, Toyota, VW, Chysler and Nissan. 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 company says its new plant represents a major step and will serve as the companys new headquarters. Joe Kent's Reel Report every evening. The SOLO is going to be a 3-wheeled EV built for urban environments. 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 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. Inc. (CNEY) is priced at $0.87 after the most recent trading session. Plan your fishing trips with Capt. Powered and implemented byFactSet Digital Solutions. ElectraMeccanica announced Docherty as CEO on Dec. 5. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. 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. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. 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. More. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. 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This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Either way, it seems like were are finally seeing some success for 3-wheeled vehicles. 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All Rights Reserved. Receive special offers from The Daily News and select partners including discounts, contests and more. ADVERTISEMENT The confirmation puts a bookend on a year-long search that began in February of 2020. Bringing our manufacturing facility and vision for our company to life only works if there is a true partnership between local and state government leaders who are committed to economic development, along with solid business partners who share a vision to create products that consumers crave.. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Companys periodic reports filed from time-to-time with the SEC. Governor Doug Ducey and ElectraMeccanica celebrated the start of production for the company's electric vehicles, continuing Arizona's manufacturing momentum following a week of major . Be Proactive. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . 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. newsletter is published every She said the decision was one of the first Susan Docherty made as CEO. 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. Facebook here, and On top of that, the company wants to run a pilot program for a vehicle sharing system in Mesa and eventually throughout the wider Phoenix metro area, but it is keeping details on that system under wraps for now. 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. EVs Take 55% Of The German Auto Market In December! Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee Vehicles Presented to Committee at Kick-off Media Event Business Wire MESA, Ariz. -- January 6 . Many of these factors are beyond the Companys ability to control or predict. It only goes 100 miles, but it does that on only about 16 kWh of battery. fordecision makersin the The company has been looking for the right city to build its headquarters and production facilities for about a year. 2023 FOX News Network, LLC. 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. 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. 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. 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. developments in electric transport The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. With all of this history around 3-wheeled vehicles, many are skeptical of them, and the skepticism is probably not that fair. Copyright 2023 CleanTechnica. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. Get the latest local and national sports headlines deliveredto your inbox every morning. 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/. On the run for past crimes, including counterfeiting, Geraldine was also struggling to live as a transgender woman in a time when the US public was outright hostile to the LGBT community (but she did have the support of her wife and children). Your email address will not be published. On the other hand, the SOLO is a very environmentally friendly vehicle. All rights reserved. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. Mountain Mike . This material may not be published, broadcast, rewritten, or redistributed. Your real name will be displayed next to your photo for comments, blog posts, and more! Receive the daily weather forecast and the weekly outlook in your inbox each morning. Wether they were the most important, most read or most talked about we want to make sure you read them. 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. In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. Capitol Police officer should have been fired, at least, Paxton has good reason to seek LGBTQIA information, We voters should ensure Jan. 6 was Trump's swansong, Daily News convenes newly configured editorial board, We must all stand up for freedom here and in Ukraine, Guest editorial, The Washington Post: Trump's avoidance the least of the problem. In that particular session, Stock kicked-off at the, CN Energy Group. Receive the latest Dear Abby column in your inbox each morning. The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. 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