Volcon Stock Gains On Plan To Expand Into Mexico, Costa Rica, Paraguay

Volcon Inc (NASDAQ:VLCN) has revealed its expansion into Mexico, Costa Rica, and Paraguay. Volcon vehicles and accessories will be sold globally in a planned three-phase rollout to include Latin America in 2021, Canada, Europe, and Africa in 2022, Southeast Asia, and Australia in 2023.
"The Latin American countries are hungry for electric mobility and we are proud to be currently exporting our vehicles to our friends in those countries," said CEO Jordan Davis.
The company executed export sales with individual importers in each country that buy vehicles by the container and then sell them to local dealers or direct to consumers.
Price Action: VLCN shares are trading higher by 13.2% at $10.52 during Monday's session.

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