Production of ElectraMeccanica’s (EM) Solo three-wheel electrical car dipped within the third quarter due to pandemic-related “aftershocks,” the corporate mentioned in its third-quarter report.
EM produced 103 of the single-seat commuter EVs, in contrast with 193 within the second quarter, and a complete of 575 since manufacturing started within the third quarter of 2021.
“From a production perspective, we were adversely impacted by the application of zero-COVID policies to our manufacturing and component supply partners in China, as pandemic aftershocks continue to challenge our supply chain,” the corporate mentioned Nov. 14.
Deliveries additionally dropped barely to 64 from 68 the earlier quarter. The Solo is in-built China, however EM plans to maneuver manufacturing to a Mesa, Ariz., facility beneath building.
The Vancouver-based firm reported income of US $1.44 million — in contrast with $1.55 million in Q2 — however that’s up nearly 12 instances from a 12 months in the past. EM’s internet loss grew to $21.5 million, in contrast with $12.8 million in Q3 2021. — Steve Mertl
CANADIAN CHARGING COMPANY IS OFF TO MARKET
Vancouver-based Hypercharge Networks Corp. has listed its shares on the seven-year-old NEO Exchange, saying it’s the primary Canadianfounded electrical car charging firm to go public. Hypercharge (listed as HC) mentioned it gives turnkey, sensible EV charging for a variety of shoppers, together with multi-unit residential, business/retail and fleet operators. Company President David Bibby mentioned Nov. 18 that growing charging infrastructure is essential to assist the expansion of EV adoption.
The NEO Exchange payments itself as “Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment.” — Steve Mertl
EV INTEREST FUELED BY PRICE SHOCK AT THE PUMPS
TORONTO — BMW polled Canadians on their ideas about electrical automobiles, and it seems that excessive gasoline costs are pushing extra folks to contemplate electrical automobiles.
According to the survey of 1,200 Canadians from each province, 79 per cent are involved with the working prices of inner combustion automobiles, and 25 per cent are contemplating shopping for an EV within the subsequent two years. The survey, launched Oct. 19, famous that gasoline costs soared throughout the nation this 12 months, peaking in June above $2 per litre.
For demographics, 66 per cent of males think about themselves the first vehicle-buying decision-maker, in contrast with 47 per cent of girls; 79 per cent of girls say serving to the atmosphere is a crucial think about shopping for an EV. Men are seven per cent extra keen than girls to pay additional for an EV. — Kelly Taylor