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. 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. 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. She said the decision was one of the first Susan Docherty made as CEO. First is a direct-to-consumer approach. 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. 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.. 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. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . 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 Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. VANCOUVER, British Columbia, October 06, 2022--ElectraMeccanica Secures License to Sell SOLO EV in Arizona The company's flagship vehicle is the innovative, purpose-built, single-seat. 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. BMW iX review: How efficient is the BMW eSUV in real life? Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly . 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.". While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. Take THAT, China! HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. Thats 6.25 miles per kWh, or 160 Wh per mile. ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. 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. 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. Alright, enough gloating. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. The industry-facing website Arizona has rapidly become the hub of electric vehicle (EV) manufacturing in the U.S. Joe Kent's Reel Report every evening. In addition to a light vehicle production facility, it will also be building multiple labs to support comprehensive research facilities and vehicle chassis, battery pack, and power electronics testing workshops. According to Mesa Mayor John Giles, the site offers a number of strategic advantages. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. 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. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Get an email notification whenever someone contributes to the discussion. Copyright 2023 CleanTechnica. No matter how you measure the efficiency, thats pretty amazing. 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. ElectraMeccanica Arizona City, AZ (On Site) Full-Time. The architect of the plant is Ware Malcomb, and Willmeng Construction is the general contractor. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 2023 FOX News Network, LLC. Receive the daily weather forecast and the weekly outlook in your inbox each morning. The trouble with 3-wheeled vehicles goes back decades further, with one notable example being the Twentieth Century Motor Car Corporations Dale. 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. 2023 Electra Meccanica. Save my name, email, and website in this browser for the next time I comment. 5 min read. VW ID. On the other hand, the SOLO is a very environmentally friendly vehicle. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. Mountain Mike . Invalid password or account does not exist. 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. Notifications from this discussion will be disabled. 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. 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. This led to seven bids from local authorities in prospective states. Be Truthful. 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. ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. On May 15, Vancouver, Canada-based, Arizona is a magnet for auto innovation. find her on Twitter here, Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005088/en/, Patrick [email protected] (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. Ford & CATL Factory Wont Be Built In Virginia. Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. The Service Advisor will focus on partnering with quality, sales, delivery, ops, and service teams to ensure external customers, owners . 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. Oops! Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. We invite you to drive it yourself at one of our retail locations. ElectraMeccanica. 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 Stock rose vividly during, At the end of the latest market close, Annaly Capital Management Inc. (NLY) was valued at $22.70. The company has been looking for the right city to build its headquarters and production facilities for about a year. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The second element is fleet and commercial use. The statement said that the plant is expected to generate 500 jobs. One of the criteria that the company was looking for was workforce, and thats a strength in this part of the Valley. No racism, sexism or any sort of -ism ICYMI also features select historical content. 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. 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. 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. The SOLO is going to be a 3-wheeled EV built for urban environments. Click here to download your Free Copy. Its about time! Get a link to the latest e-Edition delivered to your inbox each morning. 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. This is the name that will be used to identify you within the system. 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. 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. 70%, 80%, 99.9%, 100% Renewables Study Central, Clean tech and sustainability market research, Climate Change Solutions: Why 1.5C Is So Important, Electric Vehicle Sales Charts, Graphs, & Stats, Engage Global Competition: Technology for a Sustainable Future. Ingeniously designed to be sleek, fun, easy-to-charge, and earth-friendly, SOLO transforms your daily routine with its maneuverability, a top speed of 80 mph, and up to 100 miles of range on a single charge.2. We want to tap into the U.S.talent pool. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. 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. 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. This material may not be published, broadcast, rewritten, or redistributed. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. electrive.com is a newsservice We want to set an example for other such events throughout America, and hopefully, around the world. 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. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. 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. 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