Vicinity Motor Corp (NASDAQ:VEV) (CVE:VMC) (FRA:6LG) will host a groundbreaking ceremony on July 9 to mark the start of construction on its new "Buy America compliant" vehicle assembly facility in Ferndale, Washington State.
The new facility will be the company's first US assembly plant for its growing line of electric, CNG, gas, and clean diesel vehicles.
The property is located near the company's Aldergrove, British Columbia, Canada, headquarters with easy access to port, rail, truck shipping, and receiving facilities.
READ: Vicinity Motor approved for stock uplisting to the Nasdaq Capital Market
Vicinity said operations at the facility will include assembly, pre-delivery inspections, research and development, as well as general technical work and servicing. The facility is expected to begin operation in the first half of 2022.
William Trainer, founder and CEO of Vicinity, will lead the groundbreaking event. He will be joined by employees, state and local government officials including Washington State Governor Jay Inslee, and Roman Cornell, president of ABC Companies, which is Vicinity's US distribution partner.
"We would like to extend an open invitation to customers and individuals interested in Vicinity and the future of sustainable public transit to join us at this ceremony," said Trainer in a statement. "The day will mark the commencement of construction on our new U.S. assembly plant which will grow our production for Buy America compliant production for our Vicinity line of buses. We will also be making this the new home to support our newly announced industrial electric truck line starting with the VMC 1200. We have designed the facility with flexibility and expansion in mind to deliver up to 1000 vehicles a year.”
"Support from the State of Washington and the local community has been instrumental to this launch, and we are honored to be celebrating the occasion with the Governor of Washington, Jay Inslee. With their support, we are privileged to expand our workforce in the United States by adding an expected 30 new jobs to start with, and the ability to increase personnel as demand grows.”
ABC Companies' Cornell added: "As Vicinity's U.S. distributor and close partner, we are excited to attend the ceremony, and to offer the exceptional Vicinity product line to our customers throughout the United States. Infrastructure, transportation and clean energy have never been more important, and the vehicles rolling off this production line and into the fleets of ABC Companies' valued customers will play a key role in shaping the future of public transit."
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham