Vicinity Motor Corp. Secures VMC 1200 Distribution Agreement With RJames Vicinity Truck In British Columbia, Canada
Portfolio Pulse from Benzinga Newsdesk
Vicinity Motor Corp. has entered into a distribution agreement with RJames Management Group Ltd to launch RJames Vicinity Truck in British Columbia, Canada. This partnership aims to distribute Vicinity's VMC 1200 electric trucks in Kamloops and Kelowna, expanding into the last-mile class 3 electric truck segment. The collaboration is seen as a strategic move to enhance the adoption of commercial electric trucks, with deliveries starting this week and plans to showcase the VMC 1200 at a local tradeshow.
May 02, 2024 | 12:40 pm
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Vicinity Motor Corp.'s new distribution agreement with RJames Management for the VMC 1200 in British Columbia could significantly boost its market presence in the electric truck segment.
The partnership with RJames Management, a well-established commercial truck dealer, to distribute Vicinity's VMC 1200 electric trucks in key Canadian markets represents a strategic expansion into the electric vehicle sector. This move is likely to enhance Vicinity's brand recognition and sales in the short term, given the growing demand for electric commercial vehicles and the initial enthusiasm for the product's launch and upcoming tradeshow presence.
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