{"id":3013,"date":"2023-03-13T11:00:24","date_gmt":"2023-03-13T10:00:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/vicinity-motor-corp-receives-us30-million-in-credit-to-finance-vmc-1200-ev-truck-production-in-2023-2-2\/"},"modified":"2023-08-09T14:38:03","modified_gmt":"2023-08-09T13:38:03","slug":"vicinity-motor-corp-to-commence-operations-in-ferndale-washington","status":"publish","type":"post","link":"https:\/\/esgfire.com\/sv\/all-posts\/vicinity-motor-corp-to-commence-operations-in-ferndale-washington\/","title":{"rendered":"Vicinity Motor Corp. to Commence Operations in Ferndale, Washington"},"content":{"rendered":"

Company: Vicinity Motor Corp
\nListings :TSXV\u00a0,\u00a0NASDAQ
\nTicker: VMC.V & VEV
\nMarket cap at time of publication: $52 MCAD
\nStock price at time of publication: $1, 17 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 : Lion Electric Market
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/p>\n

ESGFIRE comment:<\/strong><\/p>\n

Vicinity motors have announced that their new US based facility Ferndale in Washington is now open for business. The company expects initial corporate activities to begin immediately with US vehicle assembly to commence during the first half of 2023.<\/b><\/p>\n

 <\/p>\n

 <\/p>\n

Full press release below:<\/strong><\/p>\n

Vicinity Motor Corp. to Commence Operations in Ferndale, Washington<\/strong><\/p>\n

Final Electrical Components Have Been Installed and the Company has Received its Certificate of Occupancy from the City of Ferndale<\/em><\/p>\n

Management Anticipates Initial Corporate Activities to Begin in Ferndale Immediately, with U.S. Vehicle Assembly to Commence in the First Half of 2023<\/em><\/p>\n

VANCOUVER, BC \/ March 13, 2023 \/ <\/strong>Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced the receipt of a Certificate of Occupancy from the City of Ferndale for its newly constructed, state-of-the-art, 100,000 square foot U.S. Manufacturing Campus in Ferndale, Washington. The Certificate of Occupancy certifies that the facility is safe for operations and enables Vicinity to begin operations at site immediately. It is anticipated that vehicle assembly in Ferndale will begin in the first half of 2023.<\/p>\n

As previously announced, the Ferndale Campus is located near the Company’s Headquarters in Aldergrove, British Columbia, with easy access to port, rail, and truck shipping and receiving facilities. \u00a0Operations at the Ferndale Campus will include vehicle assembly and upfitting, “Buy America” compliant assembly, pre-delivery inspections, research and development, as well as general technical and servicing work. The Ferndale Campus was designed to meet the Company\u2019s current and future production needs with annual capacities of up to 1,000 buses or 10,000 Class 3 VMC 1200 all-electric trucks.<\/p>\n

\u201cThis Certificate of Occupancy represents the final governmental verification and approval to commence production at our new Ferndale Campus,\u201d said William Trainer, Chief Executive Officer of Vicinity Motor Corp. \u201cWe have finished installation of an electrical solution on-site and are in the process of certifying our 4.2 acre Campus as a Free Trade Zone, allowing Vicinity to utilize this state-of-the-art campus to assemble and deliver vehicles for the entirety of the North American market.<\/p>\n

\u201cThe startup of the Ferndale Campus will allow us to more aggressively tackle the fulfillment of our growing order backlog which, as of today, exceeds US$150 million. I look forward to the continued ramp of our U.S. operations as we strive to create sustainable, long-term value for my fellow shareholders,\u201d concluded Trainer.<\/p>\n

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

Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (“VMC”) 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, as well as the VMC 1200 electric truck to the transit and industrial markets. For more information, please visit www.vicinitymotorcorp.com<\/a>.<\/p>\n

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

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

Company: Vicinity Motor Corp Listings :TSXV\u00a0,\u00a0NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $52 MCAD Stock price at time of publication: $1, 17 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 : Lion Electric Market […]<\/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-3013","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. to Commence Operations in Ferndale, Washington - 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