- Vicinity Motor Corp (NASDAQ:VEV) has entered into a strategic U.S. distribution agreement with DATTCO Inc, a U.S. full-service passenger transportation company.
- Under the agreement, DATTCO will distribute Vicinity vehicles throughout New England.
- The distributorship is expected to support Vicinity’s U.S. distribution expansion of electric vehicle portfolio.
- Pursuant to the agreement, DATTCO has placed an order for Vicinity vehicles worth $2 million.
- Price Action: VEV shares closed higher by 1.82% at $3.22 on Wednesday.
Is Selling Bitcoin, Other Cryptos On SEC Concerns Justified? Veteran Trader Peter Brandt Says Any Weakness Is Temporary
Veteran trader and CEO of Factor LLC Peter Brandt, in response to a series of tweets from investment strategist Raoul Pal, acknowledged that the hardline the U.S. regulators were taking on cryptocurrencies could “weigh on prices near term.”
