{"id":1729,"date":"2021-10-13T16:43:24","date_gmt":"2021-10-13T15:43:24","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/exclusive-pre-ipo-opportunity-for-esgfire-subscribers-in-carbon-capture-2\/"},"modified":"2022-01-25T09:45:49","modified_gmt":"2022-01-25T08:45:49","slug":"vicinity-motor-corp-announces-strategic-supply-agreement-with-electrovaya-for-lithium-battery-systems-for-vicinity-lightning-ev-buses-and-fully-electric-vmc-1200-class-3-trucks","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motor-corp-announces-strategic-supply-agreement-with-electrovaya-for-lithium-battery-systems-for-vicinity-lightning-ev-buses-and-fully-electric-vmc-1200-class-3-trucks\/","title":{"rendered":"Vicinity motor corp. Announces strategic supply agreement with electrovaya for lithium battery systems for vicinity lightning\u2122 ev buses and fully electric vmc 1200 class 3 trucks."},"content":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation )
\nListings :TSXV<\/a>\u00a0,\u00a0NASDAQ<\/a>
\nTicker: VMC.V & VEV
\nMarket cap at time of publication: $217MCAD
\nStock price at time of publication: $7,05 CAD ( reverse split price 2,35 CAD)
\nBusiness: Leading supplier of electric, CNG, gas and clean-diesel buses for
\nboth public and commercial enterprise use in the U.S and Canada
\nComparable peer :\u00a0Greenpower Motor\u00a0<\/a>, Market cap $350 MCAD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n

 <\/p>\n

Electrovaya to provide Lithium-ion battery systems for Vicinity electric vehicles<\/em><\/p>\n

ESG comment:<\/strong>\u00a0We are very pleased to see that Vicinity Motor Corp has secured a supplier of batteries in North America. This will surely enable for a smoother production. It yet remains to be seen which consequenses this will have for the current battery supplier Lion E-Mobility in Germany.<\/strong><\/p>\n

VANCOUVER, BC \u2013 October 13, 2021 \u2013\u00a0<\/strong>Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) (\u201cVicinity Motor,\u201d \u201cVicinity\u201d or the \u201cCompany\u201d), a leading North American supplier of commercial electric vehicles, \u00a0today announced the formation of a strategic supply agreement with Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) (\u201cElectrovaya\u201d) for the supply of battery systems for the Company\u2019s line of Vicinity Lightning\u2122 EV buses and fully electric VMC 1200 Class 3 trucks.<\/p>\n

Electrovaya is a leader in the global energy transformation, focused on contributing to the prevention of climate change through its efforts to supply safe and long-lasting Lithium-ion batteries. Electrovaya designs, develops and manufactures Lithium-ion batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.<\/p>\n

The agreement provides Vicinity with Lithium-ion battery systems that utilize the latest Electrovaya NMC ceramic lithium-ion battery technologies and will support full integration within Vicinity\u2019s line of vehicles.<\/p>\n

\u201cOur decision to collaborate with Electrovaya as a strategic supplier followed rigorous engineering and due diligence activities,\u201d said William Trainer, Founder and Chief Executive Officer of Vicinity Motor. \u201cSales momentum for our Vicinity Lightning\u2122 EV lines of buses and our new fully electric VMC 1200 Class 3 Truck continues to scale, and this agreement secures our supply chain for the crucial battery component of our platforms. The Electrovaya batteries will provide confidence with prospective customers with a superior lifecycle performance and peace of mind with respect to safety.\u201d<\/p>\n

\u201cVicinity customers using the Electrovaya battery system will experience best-in-class performance with our leading-edge technology,\u201d said Sankar Das Gupta, President and Chief Executive Officer of Electrovaya. \u201cOur partnership will bring together two leaders in commercial and public vehicle electrification and deliver models at a price point suitable for mass deployment across small and large fleets. Vicinity Motor Corp. offers a highly competitive lineup of electric vehicles for the North American market and we expect our battery systems to help provide an additional competitive advantage to improve their adoption.\u201d<\/p>\n

 <\/p>\n

Legal Disclaimer<\/strong><\/p>\n

We own shares of these companies personally.<\/strong><\/p>\n

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n

Companies may or may not be paying us for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV\u00a0,\u00a0NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $217MCAD Stock price at time of publication: $7,05 CAD ( reverse split price 2,35 CAD) Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S […]<\/p>\n","protected":false},"author":1,"featured_media":1647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,128,9],"tags":[],"class_list":["post-1729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-reports-news-interviews","category-vicinity-motor-corp"],"yoast_head":"\nVicinity motor corp. 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