MZ Group - MZ North the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Ĭautionary Note Regarding Forward-Looking Statements Lucas Zimmerman or Mark Schwalenberg, CFA The Company's innovative Vicinity Lightning™ EV bus, enabled through a tier-1 strategic supply agreement with BMW batteries and components, seeks to lead the global transition to more sustainable transit vehicles in the private and public markets. The Company's flagship line of Vicinity™ buses, which maintain a dominant market share in Canada, are produced by the Company's world-class manufacturing partners or at the Company's Buy America Act compliant assembly facility in Washington state. (TSXV:VMC) (OTCQX:BUSXF) (FRA:6LG) is a leading supplier of electric, CNG, gas and clean-diesel vehicles for both public and commercial enterprise use in the U.S and Canada. ![]() I look forward to announcing further details on our upcoming VMC truck line in the near-future," concluded Trainer. We are gaining significant momentum with our line of Vicinity Lightning™ buses, and the introduction of a truck with our unique customer-focused design will provide an exciting supplemental growth opportunity in new end-markets. We have locked in production levels for orders of up to 200 units in 2021 alone. We expect our production capacity of this new medium-duty line to be over 5,000 units per year in a market that sees over 400,000 trucks sold annually. "Our sales team has already started the process of introducing the product to dealer networks. We've leveraged our world class technology to engineer this one-of-a-kind vehicle with our customer in mind - and the result is another industry first. We designed our electric truck to be a cost-effective, user-friendly vehicle with the ability to charge using standardized solutions, requiring no major infrastructure upgrades on the part of our customers. "The VMC truck will be an environmentally friendly alternative for diesel vehicles more commonly used in this segment. "The premiere of the VMC electric truck is an incredible milestone for not only Vicinity, but for the industry as it transitions towards true zero-emissions," said William Trainer, Founder and CEO of Vicinity Motor Corp. Full production and commercial deliveries of the VMC trucks is scheduled to begin in the fourth quarter of 2021. Vehicles will be sold through a robust network of existing dealerships throughout North America. ![]() The EV truck is expected to appeal to customers in urban delivery applications with daily usage under 150 miles. The sizes and design of the medium duty truck line will provide maximum versatility to support multiple applications, utilizing high quality, commercially available technology and industry standardized charging solutions to enable rapid adoption.ĭesigned with the popular cab over design, the first electric truck will be offered in a class 3 rating, adding the class 5 truck model in 2022. The new VMC medium duty electric truck will utilize proven EV technology with a smaller environmental footprint. (TSXV:VMC) (OTCQX:BUSXF) (FRA:6LG) ("Vicinity Motor," "VMC" or the "Company") (Formerly Grande West Transportation Group), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced its entrance into the Medium Duty Truck Market with the development of a fully electric Class 3 vehicle with 12,000 lb GVWR rating VANCOUVER, BC / ACCESSWIRE / J/ Vicinity Motor Corp. Company Introduces New Line of Electric Vehicles to Address Significant Urban Delivery Market
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