Vicinity Motor Receives $1M Order For Medium-Duty Electric Truck - Vicinity Motor (NASDAQ:VEV)

Electric, CNG and clean diesel vehicles supplier Vicinity Motor Corp VEV has received an initial order from a private operator in British Columbia for 10 VMC 1200 Class 3 Trucks valued over $1.0 million.
This order is scheduled for delivery in Q1 2022.
VMC 1200 is a medium-duty electric truck powered by a 150 kWh Li-Ion battery pack an electrical powertrain that provides up to 150 kW of power and 800 lb-ft of torque.
It has a 6,000-pound load capacity and an expected range of up to 150 miles on a single charge.
“We expect to see additional orders as we continue to introduce the VMC 1200 across our dealer network to potential customers in a market that sees over 400,000 vehicles sold per year,” said CEO William Trainer.
Price action: VEV shares are trading lower by 3.53% at $6.27 on the last check Wednesday.