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Spartanburg among finalists for electric vehicle plant

Automotive
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A site selection company working for a Canadian manufacturer of electric vehicles says Spartanburg is one of seven possible locations for an assembly plant.

According to Marketwatch, ElectraMeccanica Vehicles Corp. was founded in 2015 and specializes single-occupancy electric vehicles and custom electric vehicles. ElectraMeccanica’s website says a two-person vehicle also is under development.

ElectraMeccanica says it wants to manufacture electric vehicles in the United States because of the growing appetite for electric automobiles. (Photo/ElectraMeccanica)A news release Thursday said ElectraMeccanica intends this year to begin commercial production and delivery of its main product, the three-wheeled Solo EV, in partnership with Zongshen Industrial Group of China in conjunction with a proposed new facility in the United States. Zongshen makes motorcycles and other products.

BDO USA’s site selection practice has been hired to recommend a location in the United States, the news release said. The company has narrowed the possible sites to seven and is exploring incentives offered in each of those states. Other finalists are Arizona, Colorado, Florida, North Carolina, Tennessee and Texas. An announcement of the leading sites and back-up locations are expected in the third quarter, the release said.

The proposed new facility would employ up to 200 people and include a technical engineering center in addition to the assembly plant, the release said.

ElectraMeccanica is listed on Nasdaq, where its stock opened Friday morning at $1.81, according to Marketwatch. The 52-week range has been from $1.60 to $5.15.

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