Why Are Electric Last Mile Solutions Shares Hot Today?

Pure-play commercial electric vehicle company Electric Last Mile Solutions Inc ELMS won a binding purchase order for 1,000 units of its Urban Delivery vehicle from its distribution partner, Randy Marion Automotive Group.
The start of production for the Urban Delivery took place on September 20.
Electric Last Mile Solutions aims to ship its first units from its production facility in Mishawaka, Indiana, on September 28.
Price Action: ELMS shares traded higher by 11.50% at $7.99 on the last check Wednesday.

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