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Vicinity bus stock
Vicinity bus stock











“As our customers increasingly look for options to meet their sustainability and ESG goals, we are excited by the unique and specific solutions that VMC products can offer our customers.

VICINITY BUS STOCK FULL

“We see a good fit with VMC products among our portfolio of quality bus brands – completing our full range of bus offerings,” adds Jeff Reitz, president and CEO of Central States. The initial order of VMC Optimal vehicles demonstrates increasing interest from established dealers to offer traditional customers all-electric options that mitigate exposure to energy and carbon costs – while still providing the range, speeds and gradeability required in daily real-world operation.” “Central States has decades of experience serving and maintaining fleets in the region with warranty, training and technical capabilities to provide industry leading customer support. I look forward to taking delivery of our first VMC 1200 vehicles in the months ahead, assembled right here in British Columbia.“As the one of the largest school and commercial bus dealers and a well-respected brand, Central States adds significant sales opportunities for our product line and expands our reach in the center of the United States,” says William Trainer, VMC’s founder and CEO.

vicinity bus stock

Given the wide array of federal and province level incentives for the adoption of electric vehicles, the VMC 1200 is truly a no brainer to buyers from a financial perspective. This purchase order is a clear sign of our confidence not only in our sales capabilities at Pioneer Auto Group, but in the superiority of Vicinity’s product. “We continue to see intense customer demand for class 3 commercial EVs, a segment that was largely unfilled prior to the arrival of the VMC 1200. William Trainer, Chief Executive Officer of Vicinity Motor Due to the fact we are not facing significant pressures in the VMC 1200 supply chain specifically, the VMC 1200 will prove to be a significant contributor to our 2023 revenue growth and profitability – enabling our goal of creating sustainable, long-term value creation for our shareholders.” Given the simplified assembly of the VMC 1200 as compared to a transit bus, Ferndale truck capacity could reach 10,000 vehicles per year. “We started manufacturing this vehicle in Canada and expect to shift to our new facility in Ferndale, Washington, which can accommodate both buses and trucks, by year-end. We have increased our credit facilities to accommodate this order and I am confident in our ability to fulfill this PO on-schedule in 2023.” Today’s PO validates the years of innovation and development we have invested in expanding our capabilities beyond transit buses and into the commercial truck market. “We are incredibly pleased to announce this transformational milestone in Vicinity’s evolution as a leading commercial EV manufacturer. Deliveries under the PO are expected to commence this month. With the terms of the PO, which exceeds US$100 million in revenue, Vicinity is to deliver a minimum of 1,000 VMC Class 3 Electric Trucks by the end of 2023.

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Why: Vicinity Motor announced the receipt of a purchase order for 1,0 Class 3 Electric Trucks (the PO) from Pioneer Auto Group – Vicinity’s exclusive dealer in the province of British Columbia, Canada. The stock price of Vicinity Motor (VEV) increased by over 8% intraday today.

vicinity bus stock

Vicinity Motor (VEV) Stock: Why It Increased Over 8% Today











Vicinity bus stock