Company: Vicinity Motor Corp
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $107 MCAD
Stock price at time of publication: $ 2.68 CAD
Target price: 15-32 CAD by external analysts
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Lion Electric Market cap 2 billion USD
ESGFIRE comment: Vicinity Motors will be showcasing the North America’s largest advanced transportation technology and clean fleet event on May 9th -12th with their VMC 1200 class 3 electric truck with a ProStake Platform Body by Morgan Truck Body, a sister business unit to EAVX. The unit will also be upfitted by EAVX with its latest VX Control multiplexed technology system, including a 360-degree camera system, digital rear view and side view mirrors, advanced driver assistance systems and load sensing technology. The VMC 1200 will be available at the Ride and Drive portion of the event. This event will give Vicinity Motors eyes on their products from some of the most important decision makers in the public transportation industry in North America.
Full Press release below:
VANCOUVER, BC – April 25, 2022 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it will showcase its vehicles in a joint exhibit with its strategic partner EAVX, a JB Poindexter & Co business unit, at the Advanced Clean Transportation Expo (“ACT Expo”) taking place May 9-12, 2022 in Long Beach, California.
The Advanced Clean Transportation Expo is North America’s largest advanced transportation technology and clean fleet event. For more than a decade, ACT Expo has united the transportation industry in its mission to reduce emissions and build a cleaner, more sustainable tomorrow. Last year’s 10th anniversary event offered more than 5,000 industry stakeholders and 1,000 fleet operators access to the latest fuels, technologies, and vehicles driving the future of transportation.
Vicinity will jointly exhibit its VMC 1200 Class 3 electric truck with a ProStake Platform Body by Morgan Truck Body, a sister business unit to EAVX. The unit will also be upfitted by EAVX with its latest VX Control multiplexed technology system, including a 360-degree camera system, digital rear view and side view mirrors, advanced driver assistance systems and load sensing technology. The VMC 1200 will be available at the Ride and Drive portion of the event.
“The ACT Expo brings together potential customers and fleet operators from around the world, presenting an incredible opportunity for us to showcase our newest vehicle to a highly targeted audience,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “This demo in particular will showcase the work we have done alongside our partner EAVX, who integrates chassis, technology and body (Morgan) to envision next-generation electric work truck bodies on our VMC 1200 base, highlighting the potential that our easily configurable VMC 1200 truck offers.”
“We will also be meeting with a variety of stakeholders in the industry to introduce our full portfolio of products, such as the Vicinity Lightning EV as well as VMC Optimal EV product line. With the highest level of representatives in attendance being from California, we will be highlighting our 2021 MBTA authorization for California state transit agencies to purchase vehicles from our diverse portfolio through our tier-1 distribution partner ABC Companies,” concluded Trainer.
About Vicinity Motor Corp.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. 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. In addition, the Company sells its proprietary electric chassis alongside J.B. Poindexter business unit EAVX, the Company’s strategic partner, for upfitting into next-generation delivery vehicles. For more information, please visit www.vicinitymotorcorp.com.
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