{"id":2745,"date":"2022-07-19T11:00:24","date_gmt":"2022-07-19T10:00:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/vicinity-motor-corp-secures-new-distribution-agreement-esgfire-comment-2-2-2-2\/"},"modified":"2023-08-09T14:39:54","modified_gmt":"2023-08-09T13:39:54","slug":"vicinity-motor-corp-announces-northwest-u-s-distribution-agreement-esgfire-comments","status":"publish","type":"post","link":"https:\/\/esgfire.com\/sv\/all-posts\/vicinity-motor-corp-announces-northwest-u-s-distribution-agreement-esgfire-comments\/","title":{"rendered":"Vicinity Motor Corp. Announces Northwest U.S. Distribution Agreement + ESGFIRE comments"},"content":{"rendered":"

Company: Vicinity Motor Corp
\nListings :TSXV\u00a0,\u00a0NASDAQ
\nTicker: VMC.V & VEV
\nMarket cap at time of publication: $70 MCAD
\nStock price at time of publication: $ 1.77\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\u00a0Market cap 2 billion USD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/p>\n

ESGFIRE comment: We are pleased to see Vicinity Motor securing new sales agreement with\u00a0 an increasingly thougher investment climate globally. The new agreement has an initial comittment for 18 vehicles. The VMC stock has taken a big beating this year . The valuation is becoming increasingly more compelling . Full press release available below.<\/strong><\/p>\n

Nation\u2019s Longest-Established, Family-Owned Bus Dealership to Drive Vicinity\u2019s New Sales and Service Coverage in Washington, Oregon, Idaho and Alaska<\/em><\/p>\n

\u00a0<\/em><\/p>\n

VANCOUVER, BC \u2013 July 19, 2022 – <\/strong>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 Schetky Bus and Van Sales<\/a> (\u201cSchetky\u201d), a dealership and transportation solutions provider, to offer the Vicinity LightningTM<\/sup>, Vicinity Classic and VMC-Optimal vehicles, including an initial commitment for 18 vehicles.<\/p>\n

 <\/p>\n

Celebrating their 80-year anniversary in 2022, Schetky Bus and Van Sales is the nation\u2019s longest-established, family-owned bus dealer, serving its customers\u2019 transportation needs for over four generations. Schetky is headquartered in Portland, Oregon and has five full-service locations offering commercial buses, school buses, mobility vans, and passenger vans with customers ranging from assisted living communities, public transit agencies, school districts, casinos, churches, childcare facilities, medical transportation, and limousine companies.<\/p>\n

 <\/p>\n

Under the terms of the agreement, Schetky will distribute Vicinity vehicles throughout Washington, Oregon, Idaho and Alaska. The Vicinity line adds to Schetky\u2019s portfolio of existing internal combustion and electric vehicles.<\/p>\n

 <\/p>\n

\u201cSchetky\u2019s long history of selling innovative and quality vehicles makes it an ideal partner to represent us in our U.S. home state of Washington,\u201d said William Trainer, Founder and CEO of Vicinity Motor Corp. \u201cKnown for offering some of the most innovative and highly awarded vehicles in the commercial and school bus industries, Schetky\u2019s brings nearly 80 years of experience servicing customers across the Northwest.<\/p>\n

 <\/p>\n

\u201cWith some of the lowest electric energy prices in the U.S., excluding Alaska, the Northwest is a prime region to benefit from EVs and will provide us with additional opportunities in this exciting market. We believe our electric vehicles will be a strong addition to Schetky\u2019s EV segment, while concurrently providing Vicinity with a team of sales experts to highlight the benefits of electrification to their loyal base of satisfied customers,\u201d concluded Trainer.<\/p>\n

 <\/p>\n

David Schetky, Co-owner of Schetky Bus and Van Sales, added: \u201cThe vehicles we offer are the industry leaders in sales volume and rank the highest in safety by the Federal Transit Administration. Vicinity was a natural partner with its Washington State and Canadian headquarters nearby to help expand our growing range of electric vehicle options. We look forward to working with Vicinity to showcase their heavy-duty, light-duty and special purpose electric vehicles to our customers.\u201d<\/p>\n

About Vicinity Motor Corp.<\/strong><\/p>\n

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.\u00a0For more information, please visit\u00a0www.vicinitymotorcorp.com<\/a>.<\/p>\n

Company Contact:<\/strong>
\nJohn LaGourgue
\nVP Corporate Development
\n604-288-8043
\nIR@vicinitymotor.com<\/a><\/p>\n

 <\/p>\n

U.S. Investor Relations Contact:<\/strong>
\nLucas Zimmerman or Mark Schwalenberg, CFA
\nMZ Group – MZ North America
\n949-259-4987
\nVMC@mzgroup.us<\/a>
\nwww.mzgroup.us<\/a><\/p>\n

Canadian Investor Relations Contact:<\/strong><\/p>\n

MarketSmart Communications Inc.<\/p>\n

877-261-4466
\nInfo@marketsmart.ca<\/a><\/p>\n

 <\/p>\n

Legal Disclaimer<\/strong>
\nWe own shares of this company personally.<\/strong>
\nInvesting 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>
\nCompanies may or may not be paying us for content posted on this website.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Company: Vicinity Motor Corp Listings :TSXV\u00a0,\u00a0NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $70 MCAD Stock price at time of publication: $ 1.77\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-2745","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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