4.4100 0.00 (0.00%)
After hours: 7:59PM EDT
Price Crosses Moving Average
|Bid||4.3800 x 3000|
|Ask||4.4200 x 1800|
|Day's Range||4.2500 - 4.6500|
|52 Week Range||0.8900 - 6.0000|
|Beta (5Y Monthly)||1.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 12, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.77|
AGM VANCOUVER, British Columbia, July 10, 2020 -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”) is pleased to announce the.
VANCOUVER, British Columbia, June 23, 2020 -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric.
In recognition of this evolving situation, ElectraMeccanica has responded with an updated retail awareness strategy focused on dynamically entering select, new markets where interest and consumer demand is greatest. “As we emerge from the pandemic, the public is looking for transportation alternatives that allow for personal independence in a safe, secure and self-contained driving environment—a solution that our flagship SOLO EV fully embodies,” said Paul Rivera, Chief Executive Officer of ElectraMeccanica.
Net proceeds to ElectraMeccanica from the offering were approximately US$18.65 million after underwriting discounts and commissions and other estimated offering expenses. The common shares described above were offered by the Company pursuant to a prospectus supplement to the Company’s effective shelf registration statement on Form F-3 (File No. 333-227883) previously filed with the United States Securities and Exchange Commission (the “SEC”). A prospectus supplement relating to the Offering was filed by the Company with the SEC.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, announced that it has entered into definitive agreements with institutional investors to sell an aggregate of 10,000,000 common shares of the Company at a price of US$2.00 per share for gross proceeds of US$20,000,000 (the “Offering”). The Offering was priced “at market” under the rules of the Nasdaq Global Select Market. After the placement agent fees and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately US$18,640,000.
After a nationwide review of potential locations that matched ElectraMeccanica’s criteria, BDO initially identified seven candidates and sent initial requests for proposal to the chief economic development entities in each state. Following the initial review, the Company has narrowed its list to the following five states (in no particular order): Arizona, Colorado, Florida, North Carolina and Tennessee.
Finalized feature set of the production intent, single-seat SOLO EV, including a liquid-cooled motor that incorporates torque-limiting stability control, a wider front steering geometry, a more robust and rugged look, electronic power steering, power brakes, side-impact occupant protection and various driver experience upgrades. Made continued progress toward production launch of the Company’s flagship SOLO EV, with a planned strategic debut in the Los Angeles market in the coming months followed by rollouts in other west coast cities later in 2020. After engaging BDO USA’s Site Selection & Business Incentives Practice to lead a search for an assembly facility and engineering technical center in the U.S., the Company identified seven states as finalists and has sent initial requests for proposals to the chief economic development entities in each of Arizona, Colorado, Florida, North Carolina, South Carolina, Tennessee and Texas.
The smartphone app will be available with the launch of the SOLO EV production vehicle. Other features will include GPS guidance to the nearest charging stations, one touch contact to ElectraMeccanica service personnel and various convenience reminders. “Smartphone integration has become a key requirement for modern connected vehicles, and we are excited to offer an innovative, customized solution for proud SOLO owners,” said Paul Rivera, Chief Executive Officer of ElectraMeccanica.
Based on the initial success, ElectraMeccanica will extend the lease on its current SOLO EV storefront located at Westfield Century City in Los Angeles. In addition, ElectraMeccanica will open a second SOLO EV storefront in the second half of 2020 at Westfield Fashion Square, a premier shopping center in Sherman Oaks, California.
VANCOUVER, British Columbia, April 14, 2020 -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric.
The new, high strength, drop-in aluminum chassis will replace the current composite chassis in the SOLO EV, making it much better suited for mass production by reducing the overall weight and per-unit assembly cost of the vehicle. ElectraMeccanica has engaged a Tier-One engineering partner with a global presence, which will provide on-the-ground support in both Canada and China.
ElectraMeccanica is currently preparing for a mid-year 2020 launch of its unique SOLO EV, with a strategic launch in the Los Angeles market first, followed by other west coast cities later in the year. Engaged BDO to lead search for a U.S. assembly facility and state-of-the-art engineering technical center, with the goal of assembling knock-down kits for SOLO EVs to be sold in the U.S. market, thereby reducing uncertainties in the global supply chain, increasing logistical efficiencies and eliminating tariffs. Opened first retail kiosk at the Westfield Century City Shopping Mall in Los Angeles, providing customers with the opportunity to view, test drive and place pre-orders in a modern sleek storefront.
Arizona and six other states made the shortlist for the company's future production facility. The company's CEO, who happens to be based in Phoenix, talks about why those states made the cut.
The facility will house assembly of the firm’s Solo vehicle, a compact, three-wheeled car, and create up to 200 jobs.
At the event, ElectraMeccanica will also be showcasing its all-electric, single-seat SOLO EV, which is expected to begin commercial production in mid-2020 with the Company’s strategic contract manufacturing partner, Zongshen Industrial Group. Conference participation is by invitation only and registration is mandatory.
If North Carolina plays its cards right, electric vehicles could soon come off a local assembly line.
An electric vehicle manufacturer is eying locations for its first manufacturing site in the U.S. and is considering putting the facility in Texas. After whittling down possible locations, ElectraMeccanica Vehicles Corp. (Nasdaq: SOLO), which is based in Vancouver, Canada, announced it's looking to put a 200-employee manufacturing facility in one of seven states: Arizona, Colorado, Florida, North Carolina, South Carolina, Tennessee or Texas.
After a nationwide review of potential locations that matched ElectraMeccanica’s criteria, BDO has identified seven states as finalists and sent initial request for proposals to the chief economic development entities in each of Arizona, Colorado, Florida, North Carolina, South Carolina, Tennessee and Texas. The leading location and backup sites are expected to be announced in the third quarter of 2020.
In 2019, ElectraMeccanica took delivery of 50 pre-production vehicles from its strategic manufacturing partner, Zongshen Industrial Group. ElectraMeccanica is currently preparing for a mid-year 2020 launch of its unique SOLO EV, with a strategic launch in the Los Angeles market first, followed by other west coast cities later in the year. “Upon joining as CEO late last year, our goal was to launch the production-ready SOLO EV in 2020, which would include significant safety, comfort, and design enhancements,” said Paul Rivera, CEO of ElectraMeccanica.
VANCOUVER, British Columbia, Jan. 27, 2020 -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric.
VANCOUVER, British Columbia, Jan. 21, 2020 -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric.
2019 was a transformational year for ElectraMeccanica. Since joining the Company as Chief Executive Officer and Director in the summer, I have remained laser focused on preparing a mass-market ready SOLO EV for its strategic 2020 launch in Los Angeles, California, which is expected to revolutionize the commuter, delivery and shared mobility markets.
Ms. Bhullar is an accomplished financial executive with over 25 years of diversified business, financial and risk management experience, with both public and private companies, across various sectors including technology, manufacturing and transport. Ms. Bhullar brings expertise in financial & strategic planning, operational & risk management, regulatory compliance reporting, business expansion, start-up operations, financial modeling, program development, corporate financing, and corporate governance/internal controls.
In the podcast, Paul Rivera discusses ElectraMeccanica, the SOLO EV and the future of mobility. For more information on The Wall Street Resource, please contact interviewer Jeff Kone at firstname.lastname@example.org.
VANCOUVER, British Columbia, Nov. 25, 2019 -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric.