Mesa, Arizona–(business wire)–ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), together with Arizona Governor Doug Ducey and Mesa Mayor John Giles, designs and manufactures electric vehicles that revolutionize the urban driving experience. I’m a trader. The City of Mesa, Arizona, the Arizona Department of Commerce, local officials and community leaders today held a commissioning ceremony for Elektra Meccanica’s nearly completed manufacturing facility in Mesa, Arizona. The new plant represents a major step for his ElectraMeccanica as a business, fulfilling the company’s commitment to formally establish the company as his OEM in America by the end of 2022, and to serve as the company’s new headquarters. .
ElectraMeccanica will eventually have the capacity to produce up to 20,000 vehicles per year at its 235,000 square foot facility located near the Phoenix-Mesa Gateway Airport at 8127 E. Ray Road in Mesa, Arizona. The campus will also be home to the company’s first US-based Engineering Technical Center, which includes 22,000 square feet of office space and 19,000 square feet of lab space. The company has already enabled certain features and this commissioning has completed several steps necessary to start ramping up to full production. In the medium term, we plan to create 200-500 jobs in areas such as manufacturing, engineering and technology. Today, the company is licensed to sell his flagship one-seat, three-wheeled electric vehicle SOLO and SOLO Cargo in California and Arizona.
“Arizona is a powerhouse of innovation, and today’s ribbon cutting at Electra Meccanica is further proof of that,” Ducey said. “We are proud of these unique vehicles built in Mesa that strengthen Arizona’s strong manufacturing industry. We thank the Mayor, the City of Mesa, and our local leaders for supporting this important project.”
Susan Docherty, CEO of ElectraMeccanica, said: “To do what we do, we need a village. Our manufacturing facility and our vision come to life with solid business partners who share our vision of creating products that consumers crave.” , can only work when there is a true partnership between local and state leaders committed to economic development, and our SOLO is a great example of this, making commuting fun and guilt-free. , we can’t wait to get more drivers behind the wheel of this revolutionary vehicle.”
The Phoenix metropolitan area is the fastest growing region in the United States, and Phoenix is currently the fifth largest city in the United States, behind New York City, Los Angeles, Chicago and Houston. In fact, Mesa is the largest single suburb in the country, itself larger than all but the largest city. Professional sports teams, popular outdoor recreation spaces, and more. Communities represent the reality of how people actually work, live and play in dense urban and suburban environments. This is the mobility solution itself designed by ElectraMeccanica.
Sandra Watson, president and CEO of the Arizona Department of Commerce, said: “We are thrilled to have ElectraMeccanica manufacturing her unique SOLO EV in our new state-of-the-art facility and look forward to seeing many more of these eco-friendly vehicles on the road in 2023.”
“We have been looking forward to this day ever since ElectraMeccanica announced their intention to build this facility in Mesa,” said Mayor John Giles. “We are thrilled that one of the leaders in innovative, cost-effective EVs has opened its first U.S. facility in our city. presence and a thriving ecosystem of ElectraMeccanica’s new assembly and engineering facilities.”
Chris Camacho, President and CEO of the Greater Phoenix Economic Council, said: “We look forward to seeing his first locally produced SOLO electric vehicle in Greater Phoenix, and we look forward to supporting Electra Meccanica as they expand their operations in Mesa.”
Electra Meccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, and the state ranks seventh nationally for electric vehicle adoption, with every 1,000 Arizona residents has four electric vehicles registered. ElectraMeccanica’s new facility will not only manufacture its own vehicles, but will also be able to accept other companies within the facility as contract manufacturing partners.
About Electrameccanica Vehicles Corporation
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of eco-efficient electric vehicles (EVs). The company’s flagship vehicle is his innovative purpose-built single-seat EV called SOLO. This tricycle revolutionizes the urban driving experience for commuting, delivery and shared mobility. Designed for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Depending on driving conditions, temperature and climate control, SOLO has a range of up to 100 miles and a top speed of 80 miles per hour. SOLO also features front and rear crumple zones, side crash protection, roll bars, torque limit control, power steering, power brakes, climate control and a Bluetooth entertainment system. Extended cargo that blends modern looks with safety features to accommodate a range of vehicles at an affordable price of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for his delivery-oriented SOLO Cargo model Features a box. commercial application. SOLO can now be ordered here. For more information, please visit www.emvauto.com.
About the Arizona Department of Trade
The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. ACA uses a three-pronged approach to move the economy forward. Attract, Grow, Create – Attract out-of-state businesses to establish operations in Arizona. We work with existing companies to expand their operations in Arizona and beyond. Helping entrepreneurs create new Arizona businesses in target industries. For more information, see: azcommerce.com Follow ACA on Twitter @azcommerce.
About Mesa City
With a population of over 513,000, Mesa, Arizona is the 37th largest city in the United States and the second largest in the Phoenix-Mesa metro area. Mesa encompasses her 138 square miles within the metropolitan area and has a population of her 4.8 million, projected to grow to 5.2 million by 2027. Mesa is a vibrant city and a great location for business development opportunities. Serving industry leaders such as Amazon, Apple, AT&T, Banner Health, Boeing, Bridgestone, Dexcom, Facebook (Meta), Gulfstream and Northrop Grumman, Mesa is the smart place for intelligent businesses. For more information, see: SelectMesa.com.
safe harbor declaration
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as used under applicable U.S. and Canadian securities laws. These statements relate to forecasts of future results, estimates of amounts that cannot yet be determined, and analyzes and other information based on management’s assumptions. All statements (often, but not always, “anticipate,” “estimate,” “estimate,” “project”, “expect”, “consider”, “intend”, “believe”, “plan”, “may”, “will”, or the negative thereof or other equivalents words) should be viewed as follows and not as statements of historical fact. “Forward-Looking Statements”. Such forward-looking statements involve known and unknown risks, uncertainties and the Company’s actual results, performance or performance against any future results, performance, performance, or achievements expressed or implied by such forward-looking statements. or other factors that could cause our results to differ materially. Such risks and other factors include, among others, the price of other electric vehicles, the costs associated with manufacturing the vehicle, the availability of capital to fund the business plan, and raising capital through the sale of shares. includes the dilution caused by Electric vehicle industry, including but not limited to those related to the electric vehicle market, changes in government regulations, development of alternative technologies, inexperience in servicing electric vehicles, labor disputes, and delays in obtaining government approvals and/or certifications; other risks. Although we have attempted to identify important factors that could cause our actual actions, events or results to differ materially from those set forth in the forward-looking statements, the actions, events or results There may be other factors that cause the results to be expected, estimated or different. was intended. 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. Readers should therefore not place undue reliance on the forward-looking statements contained in this news release and the documents referenced in this news release. Forward-looking statements are based on management’s views, estimates and opinions as of the date the statements were made, and we reserve the right to make changes to these views, estimates and opinions or otherwise. We undertake no obligation to update any forward-looking statements if changes are made. Applicable law. Such forward-looking statements reflect our current views regarding future events and are subject to certain risks, uncertainties and assumptions. This includes our most recent financial statements and reports, as well as the United States Securities and Exchange Commission (“SEC”) (available at www.sec.gov) and the Canadian Securities Administrator (available at www.sedar.com). ) When. Although we believe that our beliefs, plans, expectations and intentions contained in this news release are reasonable, there is no assurance that these beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all information contained herein and should also refer to the risk factors disclosed in our periodic reports filed with the SEC from time to time. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor does it constitute an offer, solicitation or sale of such securities in any jurisdiction in which such offer, solicitation or sale prior to registration or qualification is unlawful. It’s not something you do. under the securities laws of such jurisdictions.
