- Vicinity Motor Corp 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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