North American electric truck manufacturer Vicinity Motor has received a letter of intent from Pioneer Auto Group regarding the supply of 100 VMC 1200 electric trucks. Pioneer Auto Group is a leading retail automotive dealer based in British Columbia, Canada. The future order is worth about 14 million dollars.
Vicinity Motor’s VMC 1200 electric truck is a fully electric Class 3 truck powered by cutting-edge Li-ion battery technology capable to provide up to 150 kWh of power as well as to travel about 240 km on a single charge. It has been conceived for use in urban environments.
On the other hand, Pioneer is a well-known Canadian dealership group with 17 locations located chiefly throughout British Columbia. The company has retails over 6,000 vehicles per year. Carries over 1,500 vehicles in its network including Mitsubishi, Honda, Chrysler, Dodge, Jeep and RAM models. The 100 VMC 1200 Class 3 Trucks specified in the LOI are expected to be delivered in 2022, subject to the execution of a dealer agreement, with first orders starting in Q1.
William Trainer, Founder and CEO of Vicinity Motor Corp said…
«Pioneer is a well-known and highly rated auto dealer with 17 locations across British Columbia, making them an excellent strategic partner to introduce our new Vicinity 1200 medium-duty electric truck throughout the province», said William Trainer, Founder and CEO of Vicinity Motor Corp. «With a specialty focus on trucks and SUVs, Pioneer will be able to offer an EV alternative for customers interested in a commercial vehicle design for urban environments with a 6,000-pound load capacity, 150-mile estimated range and a popular cab-over design – all at an attractive price. We are seeing strong indicative demand from our continent-wide dealer network and expect to see continued momentum in the months ahead. I look forward to providing further updates on this front to our valued shareholders as appropriate».