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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

Industrials
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

Vicinity Motor Corp > 1000 vmc1200 to be delivered by y/e 2024 WOW
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Comment by subaru1on Nov 16, 2023 12:00pm
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Post# 35739342

RE:1000 vmc1200 to be delivered by y/e 2024 WOW

RE:1000 vmc1200 to be delivered by y/e 2024 WOW
• >US$100M purchase order from Pioneer Auto Group,
just two weeks after product launch
• 1,000 VMC 1200 Class 3 Electric Trucks to be delivered by
the end of 2024
• Pioneer is VMC’s exclusive dealer in the province of
British Columbia, Canada
• Assembly of VMC 1200 Class 3 Electric Trucks to
transition to new facility in Ferndale, Washington
• Simplified assembly of the VMC 1200 as compared to a
transit bus, with Ferndale truck capacity reaching 6,250
vehicles per year.
• VMC continues to secure additional VMC 1200
dealership partners across Canada
• Gross margins targeted at 20%+
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