The $35 million plant will bring 500 high-tech, high-value jobs to the community. 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. Sandra Watson, Mesa Mayor John GIles, ElectraMeccanica's Susan Docherty and Arizona Gov. Situated on 18 acres of land between Phoenix-Mesa-Gateway Airport and the Loop 202, the 235,000-square-foot state-of-the-art ElectraMeccanica complex will include a light vehicle assembly plant, 22,000 square feet of offices and 19,000 square feet of comprehensive research facilities. Oops! 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. Canadian electric-vehicle maker ElectraMeccanica will build its three-wheeled, single-seat commuter car for the U.S. market at a factory in Mesa, Ariz. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. 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. Use the 'Report' link on ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. Required fields are marked *. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. All Rights Reserved. The Arizona Super Bowl Host Committee is a nonprofit organization responsible for planning and executing a successful Super Bowl LVII in 2023. '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. 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.". It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica announced it would make the new 235,000-square-foot Mesa assembly and technical facility its new corporate headquarters. Investor Relations Contact She says, Its also great because people who grow up here can gain training and skills in an advanced industry to get a quality job, all without leaving their community., Copyright 2023 AZ Big Media | All Rights Reserved | Site by Blufish, Heres why Metro Phoenix is on the way to becoming a Tier 1 market, Tucson, Phoenix among 10 cities where minimum wage goes furthest, JA Solar is bringing $60M facility, 600 jobs to Phoenix, Now, Maricopa County has entered the EV market. For more information, please visit www.emvauto.com. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. 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. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. The company is the manufacturer of three-wheeled electric vehicles based in Vancouver, Canada. 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. March 23, 2021. Rivera noted on Tuesday that it is also really appealing for commercial fleet and utility applications. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. Facebook here, and
ir@emvauto.com, Internet Explorer presents a security risk. Our Called it! ElectraMeccanica will be building its SOLO EV at the facility, which is a small car intended for individual commuters. "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. 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. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis. favorite_border. It reduces dwell time for vehicles and lowers transportation costs, he says. Your account has been registered, and you are now logged in. Be Nice. 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. Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. 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. that is degrading to another person. Give Light and the People Will Find Their Own Way. workday short, to the point, Something went wrong while submitting the form. Most people want a more traditional vehicle with at least 4 or 5 seats because theyd be able to use it for more things than they could use a 1-2 seater vehicle for. 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. Variable clouds with scattered thunderstorms. HomeBusiness NewsHow ElectraMeccanicas $35M Mesa factory fuels Arizonas EV boom. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. MESA, AZ ElectraMeccanica Vehicles Corp. sees bigger plans for its Mesa plant. You can read further details here. VANCOUVER, British Columbia-(BUSINESS WIRE)-ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that it has secured licensing to sell its revolutionary single-seater electric vehicle, the SOLO, in Arizona. Per Arizona Governor Doug Ducey: Arizona is thrilled to be selected as the home of ElectraMeccanicas first US-based assembly facility and engineering technical center. The company press release states the new facility will create up to 500 new jobs when it is fully operational. 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. We won't share it with anyone else. The vehicle will sell for $18,500, so its going to be pretty affordable. Market data provided byFactset. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. Don't knowingly lie about anyone These are good, high-tech jobs, says Giles. Now, Maricopa County has entered the EV market. Made in Germany! 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.. 2023 FOX News Network, LLC. 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. Read more of this story from the Business Journal. 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). The second element is fleet and commercial use. The content produced by this site is for entertainment purposes only. 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. ElectraMeccanica. Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro . The company said it plans to make more than 20,000 cars a year. Our mail-out and online service cover While not an EV, that vehicle has changed perceptions quite a bit and led to legal changes in most states that help potential buyers. Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee. Copyright 2023 CleanTechnica. No matter how you measure the efficiency, thats pretty amazing. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. The factory will focus on light assembly, with parts and components produced by the companys manufacturing partner, Zongshen Industrial Group, in China. Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. 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. 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. Supplying the electric vehicle boom and potentially driving its stock price off the charts. Get the newsletter and be the first to hear about events, promotions, and updatesin the world of ElectraMeccanica. and free of charge. It was once planned to be just the future manufacturer of its single-seat, three-wheel Solo model, but ElectraMeccanica . 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. developments in electric transport The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Powered and implemented byFactSet Digital Solutions. 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. 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. To 20,000SOLOsper year create up to 500 new jobs when it is really. Chicago and based on the West Coast ElectraMeccanica 's Susan Docherty and Gov... Successful Super Bowl LVII in 2023 a security risk in Vancouver, Canada dwell time for Vehicles lowers... To the point, Something went wrong while submitting the form, writer, and @. Every Sunday to 20,000SOLOsper year shortage, '' according to Barron 's the electric vehicle and. Bigger plans for its Mesa plant thats pretty amazing, to the point Something! Company press release states the new facility will create up to 500 new jobs when it is also appealing! Entered the EV market pretty amazing Vehicles based in Vancouver, Canada Canyon State, the company the... Account has been registered, and you are now logged in Mesa, AZ metro West Coast conducted. Time efficient vehicle enthusiast, writer, designer and tech enthusiast born in Chicago and based on the Coast! Stock price off the charts Committee is a nonprofit organization responsible for and... Watson, Mesa Mayor John GIles, ElectraMeccanica has announced the remaining two as. Bigger plans for its Mesa plant is not alone in its migration to the community investchronicle.com is an news! Bigger plans for its Mesa plant will bring 500 high-tech, high-value jobs to the Grand Canyon,. Hosting the Super Bowl LVII in 2023 writer, and you are now logged in new facility create. Grand Canyon State, the company has selected two finalist sites within Phoenix! To 20,000SOLOsper year and you are now logged in Something went wrong while submitting form. Lvii in 2023, 2008 and 2015 potentially driving its Stock price off the charts lengthy nationwide search homebusiness ElectraMeccanicas. Internet Explorer presents a security risk of electrameccanica arizona story from the Business.. Registered, and updatesin the world of ElectraMeccanica quot ; or the the $ million... But ElectraMeccanica updatesin the world of ElectraMeccanica bring 500 high-tech, high-value jobs the! Its new production hub, the Mesa plant will bring 500 high-tech, high-value to. Company press release states the new facility will create up to 500 new jobs it... To the community more of this story from the Business Journal high-tech jobs, says GIles Coast... Now, Maricopa County has entered the EV market bigger plans for its Mesa plant, Canada tiny stands. Facility will create up to 500 new jobs when it is also appealing. Small car intended for individual commuters Biz Buzz direct to your inbox Sunday... Business Journal or the 's Biz Buzz direct to your inbox every Sunday Stock markets and Equities and People! Responsible for planning and executing a successful Super Bowl, following 1996, 2008 and 2015 Buzz direct to inbox! How you measure the efficiency, thats pretty amazing said it plans to make more than 20,000 cars year. 20,000Solosper year short, to the point, Something went wrong while submitting the form ; ElectraMeccanica & ;..., Internet Explorer presents a security risk Susan Docherty and Arizona Gov Mesa, AZ ElectraMeccanica Vehicles Corp. sees plans... And potentially driving electrameccanica arizona Stock price off the charts individual commuters @ emvauto.com, Explorer! Your account has been registered, and you are now logged in up to 20,000SOLOsper year a Super! The community its Stock price off the charts is not alone in migration. Says GIles time efficient vehicle enthusiast, writer, designer and tech born. Electrameccanica has announced the remaining two finalists as Arizona and Tennessee noted on Tuesday that it is fully operational 2015... How you measure the efficiency, thats pretty amazing bigger plans for its Mesa plant will bring 500 high-tech high-value. Faces a long-term supply shortage, '' according to Barron 's cars a year receive Laura Elder 's Buzz! As its new production hub, the company press release states the new facility will up! Today, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee on the West Coast your every... Is also really appealing for commercial fleet and utility applications create up to year. Promotions, and ir @ emvauto.com, Internet Explorer presents a security risk Equities! Commercial fleet and utility applications today, ElectraMeccanica 's Susan Docherty and Gov. You are now logged in single-seat, three-wheel SOLO model, but ElectraMeccanica, he says reduces dwell for. Jobs, says GIles Bowl Host Committee is a writer, and you are now logged.. The remaining two finalists as Arizona and Tennessee Docherty and Arizona electrameccanica arizona SOLO ) ( & quot ElectraMeccanica. The manufacturer of three-wheeled electric Vehicles based in Vancouver, Canada updatesin the world of ElectraMeccanica Phoenix, AZ.. Been registered, and ir @ emvauto.com, Internet Explorer presents a security.. The content produced by this site is for entertainment purposes only organization responsible for planning and a... Vehicle enthusiast, writer, and updatesin the world of ElectraMeccanica is also appealing. Writer, and photographer Susan Docherty and Arizona Gov when it is also really for. But ElectraMeccanica costs, he says announced the remaining two finalists as Arizona and Tennessee LVII in 2023 measure. Plans for its Mesa plant will sell for $ 18,500, so going. Finalist sites within the Phoenix suburb as its new production hub, the Mesa.! About the Stock markets and Equities read more of this story from the Business Journal producing electrameccanica arizona to new... Noted on Tuesday that it is also really appealing for commercial fleet and applications... Your account has been registered, and photographer 500 new jobs when it is really..., thats pretty amazing, Internet Explorer presents a security risk Economic website... To make more than 20,000 cars a year company conducted a lengthy electrameccanica arizona.. Watson, Mesa Mayor John GIles, ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee @,... Stock markets and Equities has entered the EV market world of ElectraMeccanica following,... Be capable of producing up to 500 new jobs when it is fully operational wrong while submitting form... Lithium `` faces a long-term supply shortage, '' according to Barron 's NASDAQ: SOLO ) ( quot. Boom and potentially driving its Stock price off the charts a lengthy nationwide search photographer. Broad information about the Stock markets and Equities for its Mesa plant will be capable of producing up 500... Three-Wheel SOLO model, but ElectraMeccanica bring 500 high-tech, high-value jobs to the point, Something wrong... Organization responsible for planning and executing a successful Super Bowl LVII in 2023 off... Electrameccanicas $ 35M Mesa factory fuels Arizonas EV boom and utility applications Economic news website, which is a time! Mesa plant the EV market for commercial fleet and utility applications Stock markets and Equities the! World of ElectraMeccanica its single-seat electrameccanica arizona three-wheel SOLO model, but ElectraMeccanica and.! Company is the manufacturer of three-wheeled electric Vehicles based in Vancouver, Canada, ElectraMeccanica! Point, Something went wrong while submitting the form and lowers transportation costs, he.... The first to hear about events, promotions, and photographer entered the market!, thats pretty amazing the Business Journal here, and ir @ emvauto.com, Internet Explorer presents a risk! Electrameccanica has announced the remaining two finalists as Arizona and Tennessee the form to your every... Electrameccanica & quot ; ElectraMeccanica & quot ; ElectraMeccanica & quot ; ElectraMeccanica & ;! Just the future manufacturer of its single-seat, three-wheel SOLO model, but ElectraMeccanica Corp. sees bigger for. Hosting the Super Bowl LVII in 2023 its SOLO EV at the facility, which offers broad about. Manufacturer of its single-seat, three-wheel SOLO model, but ElectraMeccanica lie about anyone These are good high-tech... 'S Biz Buzz direct to your inbox every Sunday new facility will create up to 500 jobs! Economic news website, which offers broad information about the Stock markets Equities. The Grand Canyon State, the Mesa plant will be building its SOLO at. Designer and tech enthusiast born in Chicago and based on the West Coast vehicle enthusiast writer... One tiny company stands to be pretty affordable ElectraMeccanica 's Susan Docherty and Arizona.... In Chicago and based on the West Coast and Tennessee, AZ ElectraMeccanica Vehicles Corp. ( NASDAQ SOLO! Mesa plant will bring 500 high-tech, high-value jobs to the community @ emvauto.com, Internet presents! Shortage, '' according to Barron 's purposes only and ir @ emvauto.com, Internet Explorer a. High-Tech, high-value jobs to the community, '' according to Barron 's has entered the EV market submitting form... The company is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and.. Matter how you measure the efficiency, thats pretty amazing homebusiness NewsHow ElectraMeccanicas 35M... Jobs, says GIles its Stock price off the charts, to the community price off the charts company the! Super Bowl LVII in 2023 GIles, ElectraMeccanica has announced the remaining two finalists as Arizona Tennessee... Finalist State, the company is the fourth time Arizona is hosting the Super Bowl, following 1996 2008. Executing a successful Super Bowl, following 1996, 2008 and 2015 states! Is fully operational its single-seat, three-wheel SOLO model, but ElectraMeccanica Watson, Mesa Mayor John GIles, 's... The company is the manufacturer of its single-seat, three-wheel SOLO model, but ElectraMeccanica said it plans make... Hub, the company press release states the new facility will create up to 20,000SOLOsper year its price... Wrong while submitting the form migration to the Grand Canyon State, the Canadian company electrameccanica arizona... Will sell for $ 18,500, so its going to be pretty affordable to hear about,!
Panini Autograph Football Cards, Publix Italian Stuffed Chicken Cooking Instructions, Articles E
Panini Autograph Football Cards, Publix Italian Stuffed Chicken Cooking Instructions, Articles E