Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. Common stock shares were lifted by -7.25% during last recorded quarter. 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. We want to set an example for other such events throughout America, and hopefully, around the world. Called it! favorite_border. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. This announcement comes just months after a rapid retail expansion in the US. MESA, Ariz., January 06, 2023--(BUSINESS WIRE)--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. The shares increased approximately by 36.86% in the 7-day charts and went up by 12.20% in the period of the last 30 days. Be Nice. To do this, it hired BDO, a company that specializes in helping companies select places to build. At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. 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. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. Drawing on a 60-year legacy of building and delivering high-end custom cars, our flagship vehicle is a single-seat . ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. Use the 'Report' link on She said the decision was one of the first Susan Docherty made as CEO. 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. All Rights Reserved. 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. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. 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. Subscribe to Email Newsletters And Breaking News Alerts, ElectraMeccanica Announces Partnership With Arizona Super Bowl Host Committee. 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 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. This center will be erected with multiple labs for comprehensive research. Your email address will not be published. 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. names allowed. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. We want to set an example for other such events throughout America, and hopefully, around the world. ElectraMeccanica ultimately chose Arizona because of our abundant workforce, and our location with close proximity to California and Mexico is second to none, Watson explains. This led to seven bids from local authorities in prospective states. SOLO is an experience. Mesa, a suburb of Phoenix, ranks 35th nationally. Well be bringing highly skill labor into the facility to develop not only the next evolution of the Solo, but we have other vehicle aspirations as well., According to Watson, more EV companies establishing operations in Arizona means more high-wage jobs, which means more economic activity. Paul Rivera, CEO of ElectraMeccanica, adds that the tipping point was Arizonas accessibility to the companys target market: the West Coast. across Europe and beyond. 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. 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. EVs Take 55% Of The German Auto Market In December! 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). Our mail-out and online service cover The stocks price range for the 52-week period managed to maintain the performance between $0.57 and $2.44. 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. Furthermore, at a price point of $18,500, it can serve as a popular, multi-functional. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. Events include: For more information, please visit: https://bit.ly/3DMrUsm. 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. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. ElectraMeccanica expects the full production of the Solo models to get going in Mesa by the end of 2023. The company says its new plant represents a major step and will serve as the companys new headquarters. 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. Copyright 2022 Scripps Media, Inc. All rights reserved. Thats 6.25 miles per kWh, or 160 Wh per mile. 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. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. ADVERTISEMENT Let's start up with the current stock price of Electrameccanica Vehicles Corp. (SOLO), which is $0.97 to be very precise. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. 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. 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. Phoenix ranks as the fifth largest city in the U.S. according to 2020 census data, with nearly 1.8 million residents. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. In that particular session, Stock kicked-off at the, CN Energy Group. Create a password that only you will remember. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but . Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." every workday since 2013. ElectraMeccanica now plans to operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2 2021. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. 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 confirmation puts a bookend on a year-long search that began in February of 2020. The other four companies have just as much potential. In the last 20 days, the companys Stochastic %K was 89.11% and its Stochastic %D was recorded 92.00%. 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. 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. Stands to be just the future manufacturer of environmentally efficient electric Vehicles ( EVs.... 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