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Benzinga
Benzinga
Business
Shivani Kumaresan

Vicinity Motor Bags Orders For Electric Buses

VEV Nasdaq Vicinity Motor Corp Union Station
  • Vicinity Motor Corp (NASDAQ:VEV) has received orders for six Vicinity Lightning electric buses from Nieuport Aviation and shuttle bus service provider TOK Group.
  • The move is a part of initiatives Nieuport Aviation is taking to reduce its environmental impact as part of its sustainability plan.
  • The buses will replace the current diesel-powered shuttle bus fleet connecting passengers between Billy Bishop Toronto City Airport and Union Station.
  • The order of six new electric buses is scheduled to begin delivery in the first quarter of 2023.
  • Price Action: VEV shares are trading lower by 5.63% at $1.34 on the last check Thursday.
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