Vicinity Motor Inks Distribution Partnership With DATTCO

by Shivani Kumaresan, Benzinga Staff Writer

March 17, 2022 9:09 AM | 27 seconds read | Make a Comment

Vicinity Motor Corp 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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