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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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