Canadian Electrical Industry News Week

Electra Meccanica

November 16, 2017

With a growing demand for non-polluting, energy efficient vehicles, ElectraMeccanica Vehicles Corp. (OTCQB: ECCTF), a leading Canadian-based designer and manufacturer of electric vehicles, announced today combined corporate and retail orders amounting to 120,880 of its SOLO models and 39,642 Tofino models, totalling $4.38 billion (CAD) in anticipated purchase price value.*

With a mission to revolutionize the way people drive, Electra Meccanica designs and manufactures the SOLO (Retail: $19,888 CAD / $15,500 USD), an electric single passenger vehicle, and the Tofino (Retail: $50,000 CAD / $40,000 USD), a classic sports vehicle with today's technology. Both models use clean energy and feature a high-performance drivetrain as well as a lightweight composite body.

"It's clear that there is a healthy appetite for electric vehicles among the masses," said Jerry Kroll, Electra Meccanica CEO. "It's our job to release the proven potential of our products to these consumers at an affordable price point. In the coming years, we anticipate that our vehicles will be the ubiquitous electric vehicle."

The Company's orders have jumped from 44,047 vehicles combined as of September 14th, totalling $1.604 billion (CAD) in anticipated purchase price value. All retail orders of the SOLO require a $250 refundable deposit, while the Tofino orders require a $1,000 refundable deposit. Corporate orders require a Letter of Intent and all orders are non-binding. The company has received 14 Letters of Intent from corporate orders worldwide, including six from North America, six from Asia and two from Europe.

"The numbers don't lie: there is tremendous confidence in our products, from both the corporate and consumer standpoint," Kroll added. "Electra Meccanica is truly at the threshold of unleashing the next generation of affordable electric vehicles."

Currently producing at its Vancouver, British Columbia facility, by virtue of its manufacturing agreement with Zongshen Industrial Group Co. of China, the company expects larger scale production of the SOLO to begin by the end of the first half of 2018 in order to meet current and expected purchases. On October 2, 2017, the Company announced a manufacturing agreement with Zongshen to produce 75,000 all-electric vehicles over the next three years. 


Electrician Forum Brought to you by Schneider Electric

As industry experts you know the products you use everyday better than anyone and should have input on what information you receive about products and what could improve them.

Therefore, we want your insight on the biggest challenges or issues you face when installing loadcentres, breakers (CAFI, GFI's…) and other surge protection devices. We ask that you do not provide product specific details but rather your general issues and concerns or any questions that have come to mind while working with these product types. Provide us with your valued expert insight into the issues you have faced so manufacturers can better inform you about the installation and use of these products. Lets generate some discussion that will help guide the Industry.

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ESA Powerline SafetyThe invisible impact of powerlines should never be underestimated. In the past decade alone, 19 people in Ontario have lost their lives from overhead powerline contact. May 13 to 19 is Powerline Safety Week, which is meant to inform people across the province to stay vigilant of powerlines when doing work at home or on the job.

"Our work in raising awareness of powerline safety won't be finished until there are zero injuries or lives lost from contact," says Dr. Joel Moody, Chief Public Safety Officer, Electrical Safety Authority (ESA). "All it takes is a misstep or careless error to change the life of you, your colleagues or family."



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ABB Eco FactoryABB has an extensive portfolio of eco-efficient solutions and services that can help decouple economic growth from environmental impacts. In fact, over half of ABB's worldwide revenues are generated by technologies that combat the causes of climate change. The company’s goal is to increase this contribution from 57 percent in 2018 to 60 percent by 2020.

The company’s commitment to combatting climate change includes limiting the environmental impact of its own operations. ABB’s current target for climate action is to reduce its own GHG emissions by 40 percent by 2020 from a 2013 baseline.



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Wind Energy

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The six wind energy projects that were powered up in 2018 added 566 MW of installed capacity — a continuation of steady growth that contributed to an average annual growth rate of 20% per year since 2008.

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