Vicinity Motor Corp said it has signed a dealer network development services agreement with Dealer Solutions Mergers and Acquisitions (DSMA) to enhance North American market penetration for its industry-leading, Class 3 VMC 1200 all-electric trucks.
The company said, per the terms of the services agreement, DSMA will assist it in identifying and establishing dealer performance criteria, metrics, and guidelines for selecting and prioritizing dealership opportunities, setting the strategy for "early adopters", prioritizing geographic focus and helping define opportunities to enter different markets or introduce new vehicle offerings.
"DSMA is the premier transaction originator and advisor in the North American automotive and heavy equipment sectors, with an unrivalled ability to reach any dealer in Canada or the United States," commented John LaGourgue, vice president of sales and corporate development at Vicinity Motor.
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"By working with DSMA, we will be able to more rapidly secure high-value dealer partnerships that will maximize our ability to deliver VMC 1200 trucks to market while ensuring the highest level of customer service and satisfaction."
DSMA CEO Farid Ahmad added: "We believe there is a tremendous market demand for a fully electric Class 3 commercial EV such as the VMC 1200 and look forward to leveraging our expertise to expedite the entry of this flagship vehicle into key markets across North America."
Vicinity Motor is a North American supplier of electric vehicles for both public and commercial enterprise use.
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