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Transport

Vicinity Motor secures C$14M order from Pioneer Auto Group for 100 VMC 1200 Class 3 electric trucks

Pioneer, which has 17 locations, has also been appointed to act as Vicinity’s exclusive dealer in British Columbia

Vicinity Motor Corp. (TSX-V:VMC) has secured a C$14 million order from Pioneer Auto Group, a leading retail automotive dealer in British Columbia, for 100 VMC 1200 Class 3 electric trucks.

Pioneer also has been appointed to act as Vicinity’s exclusive dealer in the province of British Columbia.

The VMC 1200 trucks should start arriving at Pioneer in the second quarter of 2022.

READ: Vicinity Motor says Proterra battery technology to power its electric transit buses and work trucks

Vicinity said Pioneer is a well-respected Canadian dealership group with 17 locations located chiefly throughout British Columbia, as the company retails over 6,000 vehicles per year and carries more than 1,500 vehicles in its network including Mitsubishi, Honda, Chrysler, Dodge, Jeep and RAM models.

"We are pleased to announce this order with Pioneer Auto Group, our exclusive dealer in the province," said Vicinity CEO William Trainer in a statement. "Given their significant presence across British Columbia and strong brand recognition in the region, we believe they are an ideal retailer for a practical vehicle such as our all-electric VMC 1200."

Trainer said the VMC 1200 is becoming popular.

“I have seen significant preliminary interest for hundreds of additional VMC 1200 vehicles. This impressive indicative demand from our continent-wide dealer network positions us well to continue an exciting sales cadence throughout 2022,” he said. “The first VMC 1200 trucks will be delivered from our Canadian operations and then manufacturing will shift to our new Washington state facility that is scheduled to come online late in the second quarter of 2022.”

Ray Van Empel, CEO of Pioneer, added: "As a leader in British Columbia, we eagerly await the first shipment of VMC 1200 vehicles in the early second quarter of 2022. I believe that VMC's brand reputation positions this product line for success across our portfolio of dealerships province-wide."

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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