{"id":1806,"date":"2022-01-06T16:43:24","date_gmt":"2022-01-06T15:43:24","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/vicinity-motor-corp-receives-usd-19-0-million-order-for-optimal-electric-class-4-commercial-chassis-2\/"},"modified":"2022-01-25T09:41:31","modified_gmt":"2022-01-25T08:41:31","slug":"vicinity-motor-corp-receives-3-5-million-cad-order-for-eight-vicinity-classic-buses-to-first-transit","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motor-corp-receives-3-5-million-cad-order-for-eight-vicinity-classic-buses-to-first-transit\/","title":{"rendered":"Vicinity motor corp. receives $3.5 million cad order for eight vicinity\u2122 classic buses to first transit"},"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: $164 MCAD
\nStock price at time of publication: $4.69 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 $236 MCAD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n

ESG comment:\u00a0Only one day after the big 19 MUSD order for all electric vehicles\u00a0<\/a>Vicinity Motors announce the sales of eight Vicinity Classic at a total of 3,5 MCAD . No wonder Vicinity Motors is our top pick in the electric vehicles sector!\u00a0The company is trading at just 1 X sales for 2022 and considering the\u00a0target price that foresee an upside of 300-700 % Vicinity Motor should have a great year ahead!<\/a><\/strong><\/p>\n

VANCOUVER, BC \u2013 January 5, 2022 \u2013\u00a0<\/strong>Vicinity Motor Corp.<\/a>\u00a0(NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (\u201cVicinity\u201d or the \u201cCompany\u201d), a North American supplier of commercial electric vehicles, today announced the receipt of a new CAD $3.5 million purchase order from North American Private Transit Operator\u00a0First Transit<\/a>\u00a0for eight (8) Vicinity\u2122 Classic buses.<\/p>\n

Per the terms of the supply agreement, First Transit has ordered eight (8) of the Company\u2019s 35-foot Vicinity\u2122 Classic buses for delivery in 2022. The buses will service the city of Yellowknife, Canada.<\/p>\n

\u201cOur Vicinity\u2122 Classic buses continue to prove their popularity within the North American transit market as we continue to attract new orders from our continent-wide base of customers,\u201d said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. \u201cOur ability to grow alongside our customers and fulfill many of their transit needs as a one-stop-shop is invaluable, particularly as many transit authorities begin to evaluate electric vehicles to supplement or replace their conventional diesel fleets in service today.<\/p>\n

\u201cI look forward to working closely with the team at First Transit to deliver these vehicles by end-of-year. Our goal is to improve the quality of public transit to the citizens of Yellowknife while concurrently reducing operating costs for transit operators \u2013 thereby creating sustainable value not only for our shareholders, but for all stakeholders,\u201d concluded Trainer.<\/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: $164 MCAD Stock price at time of publication: $4.69 CAD 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 :\u00a0Greenpower […]<\/p>\n","protected":false},"author":1,"featured_media":1746,"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-1806","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. receives $3.5 million cad order for eight vicinity\u2122 classic buses to first transit - 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