{"id":1855,"date":"2021-07-07T21:53:07","date_gmt":"2021-07-07T20:53:07","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/aenean-lobortis-sapien-enim-viverra-molestie-cursus-4\/"},"modified":"2022-01-25T09:53:42","modified_gmt":"2022-01-25T08:53:42","slug":"vicinity-motor-corp-announces-groundbreaking-ceremony-of-new-buy-america-assembly-facility-in-washington-commences-nasdaq-trading","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motor-corp-announces-groundbreaking-ceremony-of-new-buy-america-assembly-facility-in-washington-commences-nasdaq-trading\/","title":{"rendered":"Vicinity motor corp. announces groundbreaking ceremony of new buy America assembly facility in Washington + commences nasdaq trading"},"content":{"rendered":"<p>Company: Vicinity Motor Corp(formerly Grande West Transportation )<br \/>\nListings :<a href=\"https:\/\/ca.finance.yahoo.com\/quote\/BUS.V\/\">TSXV<\/a>\u00a0,\u00a0<a href=\"https:\/\/ca.finance.yahoo.com\/quote\/BUSXF?p=BUSXF&amp;.tsrc=fin-srch\">US OTC<\/a><a href=\"http:\/\/www.equityinsight.ca\/Articles\/95\/\">\u00a0SOON to be up listed at Nasdaq<\/a><br \/>\nTicker: VMC.V (previously\u00a0<a href=\"https:\/\/ca.finance.yahoo.com\/quote\/BUS.V\/\">BUS<\/a>\u00a0,<strong>)\u00a0<\/strong><a href=\"https:\/\/www.otcmarkets.com\/stock\/BUSXF\">BUSXF<\/a>\u00a0at US OTC<br \/>\nMarket cap at time of publication: $290 MCAD<br \/>\nStock price at time of publication: $9.40 CAD ( reverse split price 3.13 CAD)<br \/>\nBusiness: Leading supplier of electric, CNG, gas and clean-diesel buses for<br \/>\nboth public and commercial enterprise use in the U.S and Canada<br \/>\nComparable peer :\u00a0<a href=\"https:\/\/greenpowermotor.com\/\">Greenpower Motor\u00a0<\/a>, Market cap $486 MCAD<br \/>\nWebsite:\u00a0<a href=\"https:\/\/vicinitymotorcorp.com\/\">https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n<p>Vicinity Motors will host a groundbreaking ceremony to mark the start of construction on the Company\u2019s new \u201cBuy America compliant\u201d vehicle assembly facility in Ferndale, Washington on Friday, July 9, 2021.<\/p>\n<p>The new facility will be the Company\u2019s first U.S. assembly plant for Vicinity Motor Corp.\u2019s growing line of electric, CNG, gas and clean diesel vehicles. The property is located near the Company\u2019s Aldergrove, British Columbia, Canada Headquarters with easy access to port, rail and truck shipping and receiving facilities. Operations at the facility will include Buy America compliant assembly, pre-delivery inspections, research and development, as well as general technical work and servicing. The facility is expected to begin operation in the first half of 2022.<\/p>\n<p>William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp., will lead the groundbreaking event. He will be joined by employees, state and local government officials including Washington State Governor Jay Inslee, and Roman Cornell, President ABC Companies, Vicinity\u2019s U.S. distribution partner.<\/p>\n<p>The ceremony will begin at 11:00 AM Pacific Time at 5354 Pacific Fern Dr, Ferndale, WA 98248, USA.<\/p>\n<p>\u201cWe would like to extend an open invitation to customers and individuals interested in Vicinity and the future of sustainable public transit to join us at this ceremony,\u201d said Trainer. \u201cThe day will mark the commencement of construction on our new U.S. assembly plant which will grow our production for Buy America compliant production for our Vicinity\u2122 line of buses. We will also be making this the new home to support our newly announced industrial electric truck line starting with the VMC 1200. We have designed the facility with flexibility and expansion in mind to deliver up to 1000 vehicles a year.<\/p>\n<p>\u201cSupport from the State of Washington and the local community has been instrumental to this launch, and we are honored to be celebrating the occasion with the Governor of Washington, Jay Inslee. With their support, we are privileged to expand our workforce in the United States by adding an expected 30 new jobs to start with, and the ability to increase personnel as demand grows.<\/p>\n<p>\u201cIn conjunction with our uplisting to the Nasdaq today, this ceremony will mark two key milestones for our company and shareholders, and we look forward to celebrating the future of VMC with all in attendance,\u201d Trainer concluded.<\/p>\n<p>Roman Cornell, President ABC Companies, added, \u201cAs Vicinity\u2019s U.S. distributor and close partner, we are excited to attend the ceremony, and to offer the exceptional Vicinity product line to our customers throughout the United States. Infrastructure, transportation and clean energy have never been more important, and the vehicles rolling off this production line and into the fleets of ABC Companies\u2019 valued customers will play a key role in shaping the future of public transit.\u201d<\/p>\n<p><strong>ESG comment:\u00a0<a href=\"https:\/\/esgfireat40.com\/2021\/03\/29\/vicinity-motors-receives-initial-order-for-10-vicinity-lightning-ev-buses-raised-estimate-for-2021\/\">Vicinity Motors is our Top Pick in the Electric Vehicles sector , our latest analysis is found HERE.<\/a>\u00a0Today Vicinity Motors begins trading on the NASDAQ exchange (Ticker VEV) which marks a big day for the company. We are also delighted to take part of the news that the groundbreaking ceremony for the new Vicinity Motors US facility is taking place this friday (9\/7<\/strong>) .\u00a0<strong>Having a factory that is Buy America compliant is crucial for the company\u2019s US expansion plans and with a factory capacity to deliver up to 1000 vehicles per year the growth is anticipated to be massive for the company\u2019s sales in the coming years!<\/strong><\/p>\n<p><strong>We own shares of this company personally.<\/strong><\/p>\n<p><strong>Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n<p>Companies may or may not be paying us for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV\u00a0,\u00a0US OTC\u00a0SOON to be up listed at Nasdaq Ticker: VMC.V (previously\u00a0BUS\u00a0,)\u00a0BUSXF\u00a0at US OTC Market cap at time of publication: $290 MCAD Stock price at time of publication: $9.40 CAD ( reverse split price 3.13 CAD) Business: Leading supplier of electric, CNG, gas and clean-diesel buses for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1896,"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-1855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-reports-news-interviews","category-vicinity-motor-corp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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