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Posted On:
March 19, 2020
at 1:29 pm

Author:
Kelly Greene

Category:
Blog

Canadian Electric Vehicle Maker has Arizona on Short List for U.S. Location

Canadian Electric Vehicle Maker has Arizona on Short List for U.S. Location

 

By Corina Vanek  – Reporter, Phoenix Business Journal

Feb. 27, 2020

 

ElectraMeccanica manufactures a three-wheeled electric vehicle called the Solo. The Canadian company is considering Arizona and several other states for a U.S. production facility.

 

Arizona is on the short list for a potential facility for yet another electric vehicle manufacturer.

ElectraMeccanica Vehicles Corp. (Nasdaq: SOLO), a Canadian designer and manufacturer of a three-wheeled personal electric vehicle called Solo, has narrowed down its potential U.S. assembly facility locations to Arizona, Colorado, Florida, North Carolina, South Carolina, Tennessee and Texas.

Based in Vancouver, British Columbia, the company hired BDO USA’s Site Selection and Business Incentives Practice to narrow down the choice of potential locations, which were chosen based on their availability of labor, business-friendly climate and reputations for aiding businesses by streamlining approvals and incentivizing business development, Tom Stringer, leader for BDO’s practice, said.

The final decision for the site will be made by the third quarter of 2020.

Stringer, who also worked with vehicle manufacturer Nikola Corp. which is based in Phoenix and is planning to build a manufacturing facility in Coolidge, said Arizona has become a very strong player for vehicle manufacturing in the past five to six years. California-based Lucid Motors Inc. is also building its electric sedan manufacturing plant in Casa Grande.

“Companies want to look for an ecosystem where there’s a proof of concept,” Stringer said.

The company is working with the Arizona Commerce Authority and the Greater Phoenix Economic Council in the selection process, Stringer said. A representative from GPEC said the organization has signed a nondisclosure agreement and could not discuss the project.

The facility is expected to employ 200 people and will include an assembly facility and engineering technical center.

“This strategic initiative will not only allow us to limit uncertainties in the global supply chain, but also grow our talent pool of engineering resources and seize the tremendous market opportunities in the USA,” Paul Rivera, CEO of ElectraMeccanica said in a statement.

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