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Benzinga
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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