Forward-looking statements involve various risks and uncertainties. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. All statements, other than statements of historical fact, included herein are forward-looking statements. This press release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable securities laws. For more information, please visit Contact:Į: the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Ĭautionary Note Regarding Forward-Looking Statements Poindexter business unit EAVX, the Company's strategic partner, for upfitting into next-generation delivery vehicles. In addition, the Company sells its VMC 1200 alongside J.B. 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. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. Please use the replay pin number 10169971. To listen, call 1-84 within the United States and Canada or 1-41 when calling internationally. The Vicinity Motor stock price rallied 68.27% premarket to trade at $1.75, rising from Tuesday’s closing price of $1.07.Please dial in at least 10 minutes before the start of the call to ensure timely participation.Ī playback of the call will be available through Thursday, December 15, 2022. VEV shares are trading above a crucial long-term support zone that could fuel a rally higher. So, would I buy VEV stock? The short answer is yes. Now, with North American light- and medium-duty EV inventories projected to top one million by 2030 and six million by 2040, the VMC 1200 provides yet another example of VMC setting itself apart from other commercial vehicle manufacturers,” “Until the launch of the VMC 1200, commercial transportation operators lacked a durable and reliable zero-emission Class 3 truck at a competitive price point. With the 1200 recently qualifying for Transport Canada’s $550-million subsidy program for medium-duty zero-emission vehicles, it has only become more appealing to commercial transportation operators seeking to reduce costs, eliminate carbon emissions, and run more efficient fleets.” William Trainer, Vicinity Motor Corp.’s Founder and CEO, said: “The VMC 1200 will help British Columbia and Canada become leaders in the EV sector while supporting ambitious government targets for net-zero transportation, local job growth, and economic diversification.
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The trucks utilise advanced lithium-ion batteries that can generate up to 150 kWh of power and reach full charge in five to seven hours from a level 2 charger, with the charging time shortening to 2.5 hours via a CCS1 Combo Plug at a level 3 charging station.
The truck has a payload capacity of 2,495 kg/5,500 lbs and can travel for 241 kilometres/150 miles on a single charge.Īlso read: The Best Electric Car Stocks To Buy. The VMC 1200 is designed to meet soaring demand for zero-emission medium-duty commercial vehicles ideal for use in the construction industry and deliveries.
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