ElectraMeccanica Vehicles Corp names three finalist locations for its new US facility

The company is looking for a facility to help meet growing demand for its three-wheeled SOLO electric vehicles in the US

ElectraMeccanica's SOLO EV
Electra Meccanica said it is now in its final review process and expects to make a decision by November

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced Wednesday that it has again trimmed its list of possible states to house its new US assembly facility and engineering technical center, this time down to three: Arizona, Florida and Tennessee.

The company is looking for a facility to help meet growing demand for its three-wheeled SOLO electric vehicles in the US. The operation is expected to employ as many as 250 people and feature a technical center that includes plans for multiple labs to support ongoing vehicle chassis and power electronics testing, as well as comprehensive research facilities.

As part of the search, which has been led by BDO USA’s Site Selection & Business Incentives Practice, ElectraMeccanica has traveled to potential sites in Phoenix, Orlando and Nashville. The company said it is now in its final review process and expects to make a decision by November.

READ: ElectraMeccanica expands SOLO EV retail footprint into prominent Portland, Oregon suburb

“As we continue to progress through the review process for identifying our future US base of operations, we would like to express our appreciation for the hospitality and great interest we’ve received from all candidate states and locations,” CEO Paul Rivera said in a statement.

“We remain focused on the key areas that will have a materially positive impact on our long-term production efforts: access to a top-tier talent pool, global supply chain cost protection, and the best opportunity for us to pursue our larger goal of a multi-use, urban SOLO ecosystem for personal, commercial, utility and fleet applications.”

Tom Stringer, leader for national site selection and business incentives practice at BDO, has liked what he’s seen: “Our hosts across the country have been extremely excited about this project and the significant economic impact that it will have on their communities."

He added: “Now that the process has entered its final decision-making phase, we’re looking forward to helping the Company and the selected community bring this project to life in conjunction with our state and local partners.”

ElectraMeccanica, based in Vancouver, is targeting a commercial launch of SOLO in Los Angeles shortly followed by further rollouts along the West Coast later in the year.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: ElectraMeccanica

Price: 2.58 USD

Market: NASDAQ
Market Cap: $165.43 m

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