Benzinga | Aug 24, 2020 12:22PM EDT

Why Electrameccanica's Stock Is Trading Higher Today

Electrameccanica Vehicles (NASDAQ:SOLO) shares are trading higher after the company announced production for its SOLO EV will begin on Aug. 26.

Electrameccanica is a Canadian designer and manufacturer of environmentally efficient electric vehicles. The company's flagship vehicle is the purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The SOLO provides a driving experience that is trendy, fun, affordable and environmentally friendly.

Electrameccanica shares were trading up 5.2% at $2.75 at the time of publication. The stock has a 52-week high of $6 and a 52-week low of 89 cents.

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