Investing in stocks is combined with certain risks and it is possible to lose your entire investment. We own shares of this company personally. Poindexter business unit EAVX, the Company’s strategic partner, for upfitting into next-generation delivery vehicles. For more information, please visit Legal Disclaimer In addition, the Company sells its proprietary electric chassis alongside J.B. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. With strong sales momentum continuing, management is pleased to announce that sales backlog is in excess of $100 million CAD. The VMC 1200 EV truck stands in a class of its own and I look forward to introducing this exciting new EV to our established base of customers.” Rob Burda, General Manager at Paradigm, added: “There are few class 3 EV trucks readily available on the market today and the ample range, straightforward operation and attractive price of the VMC 1200 – paired with Vicinity’s longstanding reputation for quality – makes it a solid contender for everyday use on jobsites. “Paradigm represents a fantastic partner in their respective markets in Hamilton and Niagara and we look forward to working closely with them in the months ahead to provide their wide base of customers with an exciting all-electric alternative to their current Class 3 fleets.” “This announcement further solidifies our footprint within the greater Ontario area and further validates our VMC 1200 – which has had an incredibly strong market reception to-date,” said William Trainer, Founder and CEO of Vicinity Motor Corp. The VMC 1200 deliveries are expected to begin in the second quarter of 2022. Paradigm has also been appointed to act as Vicinity’s exclusive dealer in the Hamilton and Niagara regions of Ontario. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it has signed a sales and marketing agreement with Paradigm Automotive Corporation (“Paradigm”), an automotive sales, leasing and upfitting company in Ontario, Canada, including an initial CAD$12.0 million order for 1 Class 3 electric trucks. VANCOUVER, BC – Febru– Vicinity Motor Corp. We also see a big upside in Vicinity Motors shares as the company despite the recent action is valued at only 1,5 X sales of 2022 and with target prices of 15-32 CAD by external analysts! The company now has a sales backlog in excess of $100 million CAD.
As stated by Paradigm leaders there are few class 3 EV trucks available on the market with a good range today and we’re delighted to see that Vicinity Motors can deliver a great vehicle in this class! Vicinity motors alongside this order announces Paradigm as their exclusive dealer in the Hamilton and Niagara regions of Ontario. Target price: 15-32 CAD by external analystsīusiness: Leading supplier of electric, CNG, gas and clean-diesel buses forīoth public and commercial enterprise use in the U.S and CanadaĬomparable peer : Lion Electric Market cap 2 billion USDĮSGFIRE comment: Our top pick in the electric vehicles sector Vicinity Motors delivers another big order this time for 100 units of the VMC 1200 electric vehicle.
Stock price at time of publication: $4.58 CAD
Market cap at time of publication: $161 MCAD
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