- Vicinity Motor Corp (OTC:BUSXF) announced an initial order for EV buses from Calgary Transit, the City of Calgary’s transit authority.
- The order for 14 Vicinity Lightning EV buses is valued at over $6.0 million.
- The buses are due for delivery in 2022, with the option to purchase supplemental vehicles at a set price over five years.
- “This first order marks the beginning of a valuable partnership with Calgary Transit as they diversify their fleet and mitigate exposure to energy and carbon costs,” said William Trainer, Founder and Chief Executive Officer.
- Vicinity Motor supplies electric, CNG, gas, and clean diesel vehicles and has recently received a $300,000 grant from Washington state to develop its EV bus facility.
- Price action: BUSXF shares are trading higher by 4.30% at $5.58 on last check Monday.
China Stocks Quiet; Traders Circulate Earlier News China Retail Giant Evergrande Officially Defaults; DMSA Is Preparing Bankruptcy
https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html
