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Benzinga
Benzinga
Business
Shivani Kumaresan

Vicinity Bags Order From Skydome For 50 EV Trucks

Vicinity Ontario VEV VMC Canada Vicinity Motor Corp
  • Vicinity Motor Corp (NASDAQ:VEV) has signed a sales and marketing agreement with Skydome Auto and Truck Centre Inc, an automotive dealer and service center in Ontario, Canada.
  • The agreement includes an initial order for 50 VMC 1200 Class 3 electric trucks. The financial terms were not disclosed.
  • Skydome has also been appointed to act as Vicinity's exclusive dealer in the City of Brampton, a part of the Greater Toronto region in Ontario.
  • The VMC 1200 deliveries are expected to begin with five in the second quarter of 2022.
  • Price Action: VEV shares are trading higher by 7.17% at $3.29 on the last check Tuesday.
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