{"id":2606,"date":"2022-04-04T10:35:24","date_gmt":"2022-04-04T09:35:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/vicinity-motor-corp-reports-fourth-quarter-and-full-year-2021-financial-results-with-esgfire-comment-3\/"},"modified":"2023-08-09T14:40:12","modified_gmt":"2023-08-09T13:40:12","slug":"vicinity-motor-corp-signs-distribution-agreement-with-central-states-bus-sales-secures-initial-commitment-for-18-vmc-optimal-s1-buses-with-esgfire-comment","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/all-posts\/vicinity-motor-corp-signs-distribution-agreement-with-central-states-bus-sales-secures-initial-commitment-for-18-vmc-optimal-s1-buses-with-esgfire-comment\/","title":{"rendered":"Vicinity Motor Corp. Signs Distribution Agreement with Central States Bus Sales, Secures Initial Commitment for 18 VMC Optimal S1 Buses with ESGFIRE comment"},"content":{"rendered":"

Company: Vicinity Motor Corp
\nListings :TSXV<\/a>\u00a0,\u00a0NASDAQ<\/a>
\nTicker: VMC.V & VEV
\nMarket cap at time of publication: $103 MCAD
\nStock price at time of publication: $ 2.92\u00a0 CAD
\nTarget price: 15-32 CAD by external analysts
\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 :\u00a0Lion Electric<\/a> Market cap 2 billion USD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n

ESGFIRE comment: Vicinity Motors today (4\/4 2022) announced a new order for 18 VMC optimal S1 Buses along with presententing Central states as a distributor which is one of the largest school and commercial bus dealers in the US to offer the companys full product line. Central states orders 18 buses a showcase and demo buses as a sign of their comittment. We<\/strong>\u00a0continue to see an upside in Vicinity Motors shares as the company is now valued at less than 1X sales for 2022 and has\u00a0 target prices of 15-32 CAD by external analysts.<\/strong><\/p>\n

 <\/p>\n

Press release in full below:<\/strong><\/p>\n

VANCOUVER, BC \u2013 April 4, 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 has signed a distribution agreement with Central States Bus Sales, Inc. (\u201cCentral States\u201d), one of the largest school and commercial bus dealers in the U.S., to offer the Company\u2019s full product portfolio, including an initial commitment for 18 demo and stock buses.<\/p>\n

Headquarter in Fenton, MO, Central States has been a regional leader in bus sales and service since 1975. Central States supplies thousands of school and commercial buses annually to customers throughout the region, providing a host of transportation solutions. As one of the largest bus dealers in the country, Central States offers full-service facilities in Missouri, Illinois, Tennessee, Kentucky and Arkansas. The VMC distribution agreement covers 7 states extending from Kentucky to Nebraska providing VMC a significant advantage in this important market.<\/p>\n

Under the new agreement, Central States will distribute Vicinity vehicles throughout the entire central region. The Vicinity line fills in key transit, EV and shuttle opportunities within Central States\u2019 portfolio of vehicles, further enhancing its product offering to current customers while expanding into new market sectors. The agreement includes a commitment to 18 stock and demonstration vehicles.<\/p>\n

“As the one of the largest school and commercial bus dealers and a well-respected brand, Central States adds significant sales opportunities for our product line and expands our reach in the center of the United States,\u201d said William Trainer, Founder and CEO of Vicinity Motor Corp. \u201cCentral States has decades of experience serving and maintaining fleets in the region with warranty, training and technical capabilities to provide industry leading customer support. The initial order of VMC Optimal vehicles demonstrates increasing interest from established dealers to offer traditional customers all-electric options that mitigate exposure to energy and carbon costs \u2013 while still providing the range, speeds and gradeability required in daily real-world operation. We look forward to helping the Central States sales team share the benefits of our heavy-duty, light-duty and special purpose electric vehicles with customers.\u201d<\/p>\n

Jeff Reitz, President and CEO of Central States, added: \u201cWe see a good fit with VMC products among our portfolio of quality bus brands \u2013 completing our full range of bus offerings. As our customers increasingly look for options to meet their sustainability and ESG goals, we are excited by the unique and specific solutions that VMC products can offer our customers. The VMC Lightning\u2122, Classic and Optimal designs are positioned to fill gaps in our offering and allow us to tailor solutions specifically to our customers\u2019 needs.\u201d
\nAbout Vicinity Motor Corp.
\nVicinity 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.\u00a0For more information, please visit\u00a0www.vicinitymotorcorp.com.<\/p>\n

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

We own shares of this company 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 website.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Vicinity Motor Corp Listings :TSXV\u00a0,\u00a0NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $103 MCAD Stock price at time of publication: $ 2.92\u00a0 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 […]<\/p>\n","protected":false},"author":1,"featured_media":2462,"comment_status":"closed","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-2606","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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