Electrameccanica Vehicles Corp. - SOLO STOCK NEWS

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced advancements in its search for a U.S. assembly facility and engineering center. As of October 2020, Arizona and Tennessee have emerged as finalists, with two potential sites in each area. The new facility, expected to create 200-500 jobs, will enhance the production of the SOLO electric vehicle, aligning with the growing demand for EVs. This initiative aims to mitigate supply chain risks and improve logistics, while maintaining a capital-light model through its partnership with Zongshen Industrial Group in China.

ElectraMeccanica (NASDAQ: SOLO) announced plans to produce a utility and fleet version of its flagship SOLO electric vehicle (EV), set for early 2021 availability. This version, developed with input from commercial partners, features a stylish cargo cap for various utility applications like food delivery and technician transport. The SOLO fleet EV offers 100 miles of range, a top speed of 80 mph, and includes safety features such as crumple zones and roll bars. The initiative aims to provide efficient single-occupant transportation, reducing reliance on larger vehicles.

ElectraMeccanica (NASDAQ: SOLO) has announced that its SOLO electric vehicles are set to hit the U.S. market this fall. Following the commencement of production with Zongshen Industrial Group, initial deliveries are expected in late November to early December for pre-order customers in the Western U.S. The SOLO is a three-wheeled, all-electric vehicle designed for urban environments, featuring a range of 100 miles and a top speed of 80 mph, priced at $18,500. The company is expanding its retail presence across the West Coast.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced its participation in several virtual financial conferences in September 2020. The company, known for its innovative electric vehicle, the SOLO, will present at the LD Micro 500 Virtual Conference on September 3 at 3:00 PM ET, participate in the EV and Mobility Panel at the 9th Annual Gateway Conference on September 9, and present again at the Cowen 13th Annual Global Transportation & Sustainable Mobility Conference on September 10 at 4:40 PM ET. These engagements aim to enhance investor relations and share insights into its business strategy.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced the launch of the "Drive SOLO" marketing campaign aimed at promoting its new all-electric SOLO vehicle, now in production. The campaign, which kicked off with a billboard in Los Angeles and a digital effort across social media, intends to educate consumers on transforming urban transportation. The SOLO is a three-wheeled vehicle designed for single occupants, offering a range of 100 miles and a top speed of 80 mph. Production began on August 26, 2020, with deliveries expected by late 2020.

ElectraMeccanica (NASDAQ: SOLO) has launched the "Drive SOLO" marketing campaign to promote its flagship SOLO electric vehicle (EV), which has just commenced production as of August 26, 2020. This innovative three-wheeled, single-occupant EV aims to transform urban transportation, encouraging consumers to rethink commuting habits. The campaign features a high-visibility billboard in Los Angeles and a comprehensive digital strategy across platforms like Facebook and Instagram. The SOLO has a range of 100 miles, a top speed of 80 mph, and is priced at $18,500.

ElectraMeccanica Vehicles Corp. announced that production of its flagship SOLO electric vehicle will commence on August 26. The SOLO, a three-wheeled electric vehicle designed for urban environments, features a range exceeding 100 miles and a top speed of 80 mph. Initial production will occur in partnership with Zongshen Industrial Group in China, with deliveries expected by late November to early December for pre-order customers. Distribution will focus on Southern California, Scottsdale, and Portland, with strong consumer demand and a significant waiting list.

ElectraMeccanica (NASDAQ: SOLO) reported its Q2 financial results with a revenue of CAD$0.02 million, down from CAD$0.2 million a year ago due to decreased custom-built roadsters. Operating loss increased to CAD$6.1 million, while net loss was CAD$12.9 million compared to a net income of CAD$3.3 million last year. The company closed a $20 million registered direct offering, netting approximately $18.65 million, which will support sales, marketing, and product development. ElectraMeccanica aims for initial SOLO EV deliveries by late 2020, expanding its retail footprint across the western U.S.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has announced progress in its search for a U.S. assembly facility and engineering center. As of now, the company has shortlisted three finalist locations: Arizona, Florida, and Tennessee. The new facility is expected to create up to 250 jobs and enhance production capabilities for the SOLO EV, as demand for electric vehicles increases. The selection process is nearing completion, with an anticipated decision by the end of November 2020.