Facility On-Track to be Commissioned in Summer 2022
VANCOUVER, British Columbia – ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today provided a status update regarding the progress of its Mesa Assembly Facility.
The facility in Mesa, Arizona is the Company’s new 235,000 square foot U.S. assembly and engineering technical center, which is on-track and scheduled to be commissioned in the summer of 2022 with the purpose of assembling an enhanced, U.S-built 2023 model year SOLO EV.
The first flex line at the facility will have the ability to produce up to 20,000 vehicles per year – by Americans for Americans – enables domestic assembly operations within the U.S. and European target market. This allows the Company to apply U.S. world-class manufacturing standards to preparation, delivery and inspection of vehicles that are going to its customers in a cost-effective, localized way.
Kevin Pavlov, CEO of ElectraMeccanica commented, “To say I am pleased with the execution of our entire team is an understatement. Our team continues their hard work and dedication on all fronts. As we work to finalize the facility, we are concurrently working in other ElectraMeccanica facilities to identify assembly best practices to ensure an optimized, highly efficient production line.
“As we continue to execute and deliver vehicles, we have built out sales, logistics and service networks to support all near-term delivery targets as we ramp production and sales. The U.S. base of operations in Mesa, Arizona is a critical component to this cohesive strategy,” concluded Pavlov.
About – ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company’s flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The SOLO has a range of 100 miles and a top speed of 80 mph, making it safe for highways. 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. It blends a modern look with safety features at an accessible price point of $18,500. InterMeccanica, a subsidiary of ElectraMeccanica, has successfully been building high-end specialty cars for 61 years.
