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