Vicinity Motor Receives LIO for 100 VMC 1200 EV Trucks

Vicinity Motor Corp., a North American supplier of commercial electric vehicles, announced that it has received a letter of intent (LOI) from Pioneer Auto Group (Pioneer), a retail automotive dealer in British Columbia, for 100 VMC 1200 Class 3 Electric Trucks worth approximately CAD $14 million.

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. 

“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.”

Pioneer is a Canadian dealership group with 17 locations located throughout British Columbia, Canada. The company has retails over 6,000 vehicles per year and carries over 1,500 vehicles in its network including Mitsubishi, Honda, Chrysler, Dodge, Jeep, and RAM models.

“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,” said Trainer.

The VMC 1200 can travel up to 150 miles on a single charge.

“This is a major milestone for our vehicle product line to offer the VMC 1200 popular cab over chassis design with an EV powertrain," said Ray Van Empel, president and CEO of Pioneer Auto Group. "VMC is a well-known name in the municipal transit space, and it’s exciting to see their crossover to industrial trucks. We look forward to selling these new VMC 1200 throughout our dealerships.”