Vicinity Motor Corp (TSE:VMC) has released an update.
Vicinity Motor Corp. reported a robust fourth quarter with $5.1 million in revenue, driven by the sale of 11 Vicinity Classic transit buses and an order backlog exceeding $125 million, mostly from electric vehicles. The company also invoiced 71 EV trucks for delivery in 2024 and expanded its dealership network across Canada, positioning itself strongly within the commercial EV market. A partnership to deploy an automated electric transit bus in North America further highlights Vicinity’s innovative strides in the industry.
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