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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company is engaged in the production and sale of buses and spare parts in North America. It leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, which is the Company's partner, for upfitting into delivery vehicles. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. Its geographic segments include United Stated and Canada. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp. and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Bullboard Posts
Comment by MrAnswerson Mar 05, 2020 3:59pm
67 Views
Post# 30772166

RE:RE:RE:RE:RE:RE:RE:RE:Corporate Update

RE:RE:RE:RE:RE:RE:RE:RE:Corporate UpdateI think he was using a figure of speech when he said China gets a cut; i.e. when they sell a bus in Canada for $400K how much of that goes to Weichei (or who ever it is). Past margins have been in the 15-20% range I believe, is that still the case. Simiarly when they got this $40mil order in the U.S. how much is left over for profit after Spartan and ABG? I cant see them get 20% margins. Contract manufacturing is a very good business model due to the low fixed costs and the profits can be pretty attractive if you reach scale and have the volume. With BUS they are still a show me story and until they show a few quarters or years of consistent new contracts and growing revenue and profit which can provide some sort of confidence into the future they will probably continue to hang out under a buck.
Bullboard Posts