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Electrameccanica Vehicles Corp SOLO

ElectraMeccanica Vehicles Corp. is a Canada-based designer and assembler of environmentally efficient electric vehicles. The Company is focused on exploring other strategic third-party opportunities and potential options for its business primarily within the electrification sector, which includes mergers or acquisitions of other assets or entities, collaborations, including partnerships and joint ventures, divestitures, and other potential transactions.


NDAQ:SOLO - Post by User

Comment by hintonkidon May 26, 2020 10:51pm
121 Views
Post# 31076236

RE:Heavy Volume

RE:Heavy VolumeI am not aware of any news reports coming out today.  If i recall, the last news release was related to the renewal of the agreement with their automotive showroom partner in California.  The heavier volume is most likely related, in part, to the upbeat trading sentiment in the US today and this week.  Investors seem to be feeling much more positive about the market, the opening up of the economy in the US and elsewhere and the news of several COVID-19 vaccine candidates in advance testing around the world.  BNN Bloomberg Asia reported, this evening, that there are somewhere in the neighbourhood of 120 vaccine candidates in various testing phases around the globe.  SOLO also reported, a short while back, that they were looking at various locations throughout the US for the establishment of a vehicle production facility and have narrowed it down to about 6 possible location candidates.  They had also reported, not too long ago, that the production facility, in China, had resumed operation and that they were just finalizing details for the manufacture of the first SOLO production vehicles.  They will likely have more to report on company activities in the third or fourth quarters if not before.  Stay tuned.
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