ElectraMeccanica Appoints Seasoned Automotive Executive Joseph R. Mitchell as Chief Operating Officer
30 Mars 2022 - 2:05PM
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”
or the "Company"), a designer and manufacturer of electric vehicles
revolutionizing the urban driving experience, today announced the
appointment of Mr. Joseph Mitchell as Chief Operating Officer of
the Company, effective on April 1, 2022.
Mr. Mitchell brings decades of experience in the
automotive industry and most recently served as the Chief Executive
Officer at Phoenix Motorcars, a subsidiary of SPI Energy (NASDAQ:
SPI), a global renewable energy company and provider of solar
storage EV solutions. Mr. Mitchell was responsible for full
P&L, strategic and business planning, operation planning and
creating the product roadmap for Phoenix Motorcars. Previously, he
served as President, CEO and a director of UQM Technologies, Inc.,
a leading supplier of Electric Propulsion Systems for the
commercial and automotive Electric Vehicle markets. UQM was
acquired by Danfoss Power Solutions, where Mr. Mitchell played an
integral role in the company’s merger. In that respect he had
direct management of all functions, including sales, engineering,
operations, purchasing and finance, interfacing with the Danfoss
European organization to ensure a successful integration
post-merger. Mr. Mitchell began his career at the Ford Motor
Company as a quality engineer in the glass division. He holds a
Bachelor of Science in Business Administration, from Niagara
University, and a Masters in Business Administration from the Owen
Graduate School of Management at Vanderbilt University.
Kevin Pavlov, CEO of ElectraMeccanica,
commented, “I am pleased to announce the appointment of Joe
Mitchell as our Chief Operating Officer. His decades in the
automotive industry as an experienced leader challenging the status
quo to shape and steer innovation is directly aligned with
ElectraMeccanica’s mission. Joe has had significant expertise
driving growth, competitive positioning and profitability across
emerging markets. I look forward to working Joe and welcome him to
the team.”
Mr. Mitchell added, “I am excited to join
ElectraMeccanica at such a pivotal time in the Company’s history as
deliveries of the Company’s iconic SOLO EV are
rolled out nationwide. I look forward to leveraging my industry
expertise to further fuel growth, maximize profitability and
position the Company for continued success.”
About ElectraMeccanica Vehicles
Corp.
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 for the
consumer model and $24,500 for the delivery-oriented
SOLO Cargo model, which features an expanded cargo
box to accommodate a wide variety of fleet and commercial
applications. The SOLO is currently available for
order here. For more information, please visit
www.electrameccanica.com.
Investor Relations ContactMZ Group(949)
259-4987SOLO@mzgroup.us
Public Relations ContactAmy
PandyaR&CPMK(310) 967-3418amy.pandya@rogersandcowanpmk.com
Safe Harbor Statement
Except for the statements of historical fact
contained herein, the information presented in this news release
constitutes “forward-looking statements” as such term is used in
applicable United States and Canadian securities laws. These
statements relate to analyses and other information that are based
on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as “anticipates”, “estimates”, “projects”,
“expects”, “contemplates”, “intends”, “believes”, “plans”, “may”,
“will”, or their negatives or other comparable words) are not
statements of historical fact and should be viewed as
“forward-looking statements”. Such forward looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include,
among others, the prices of other electric vehicles, costs
associated with manufacturing vehicles, the availability of capital
to fund business plans and the resulting dilution caused by the
raising of capital through the sale of shares, changes in the
electric vehicle market, changes in government regulation,
developments in alternative technologies, inexperience in servicing
electric vehicles, labour disputes and other risks of the electric
vehicle industry including, without limitation, those associated
with the delays in obtaining governmental approvals and/or
certifications. Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements contained in this news release and in any document
referred to in this news release. Forward-looking statements are
made based on management’s beliefs, estimates and opinions on the
date the statements are made, and the Company undertakes no
obligation to update forward looking statements if these beliefs,
estimates and opinions or other circumstances should change, except
as required by applicable law. Such forward-looking statements
reflect our current views with respect to future events and are
subject to certain risks, uncertainties and assumptions, including,
the risks and uncertainties outlined in our most recent financial
statements and reports and registration statement filed with the
United States Securities and Exchange Commission (the “SEC”)
(available at www.sec.gov) and with Canadian securities
administrators (available at www.sedar.com). Although the Company
believes that the beliefs, plans, expectations and intentions
contained in this news release are reasonable, there can be no
assurance those beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk
factors disclosed in the Company’s periodic reports filed from
time-to-time with the SEC. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy securities
of the Company nor shall there be any sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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