Vicinity Motors Receives Vicinity Lightning (TM) EV Orders From ABC Companies

It is a well-known fact that access to information about the different companies is one of the building blocks of being successful in stock market investing. Nowadays, the availability of the internet has made it possible for people to get all publicly available information quite easily.

One of the more popular online platforms for investors at this point in time is YouTube and there are plenty of channels that now provide investors with vital information with regards to the latest news about a different company. RichTV Live has now emerged as one of the more popular channels for investors and in its latest video, the analyst looked into Vicinity Motors Corp (TSXV:VMC)(OTCQX:BUSXF)(FRA:6LG), which was until recently known as Grande West Transportation Group.

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Major Details

The company is involved in manufacturing buses of a range of variants starting from those which run on diesel and clean energy to those which run on electric batteries. On Monday, the company made a major announcement and it was big enough to be made the subject of the latest video from RichTV.

In this regard, it is perhaps also necessary to point out that the company had been covered extensively in its previous avatar of Grande West. In fact, the stock had been included among the top electric vehicle stocks to watch out for this year.

On Monday, the company announced that their strategic distribution partner in the United States ABC Companies has sent in an order for 10 Vicinity Lightning™ electric vehicle buses. It is a significant development for the company and provides further validation to the sort of electric vehicle buses that it has been manufacturing. It was also announced by the company that the 10 buses in question are going to be delivered by Vicinity Motors in the third and fourth quarters of this year.

ABC Companies had only recently entered into an agreement with Vicinity Motors with regards to the distribution of the company’s buses in the United States. This is the first order that it has placed from Vicinity Motors. It now remains to be seen if these vehicles perform well or not. If that happens, then there is a chance of ABC Companies placing more such orders.

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