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Benzinga

Business

Shivani Kumaresan

Vicinity Motor Inks Distribution Partnership With DATTCO

Vicinity United States VEV New England Vicinity Motor Corp

Vicinity Motor Corp (NASDAQ:VEV) has entered into a strategic U.S. distribution agreement with DATTCO Inc, a U.S. full-service passenger transportation company.
Under the agreement, DATTCO will distribute Vicinity vehicles throughout New England.
The distributorship is expected to support Vicinity's U.S. distribution expansion of electric vehicle portfolio.
Pursuant to the agreement, DATTCO has placed an order for Vicinity vehicles worth $2 million.
Price Action: VEV shares closed higher by 1.82% at $3.22 on Wednesday.

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