Monthly Archive: January 2023

Vicinity Motor Corp. Partners with RBC and Export Development Canada to Finance Production of VMC 1200 EV Trucks

Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has secured US$30M in credit commitments ("credit commitments") from Royal Bank of Canada ("RBC") and Export Development Canada ("EDC") to fund production of the Company's VMC 1200 class 3 electric truck.

Lotus to allow Eletre buyers to opt for e-mirrors, set to be 1st to do so in China

Deliveries of Lotus Eletre with optional electronic exterior mirrors will begin as early as July 1, 2023, the first day that Chinese regulations will allow car companies to use such mirrors.

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China’s retail auto sales exceed 2.4 million in Dec, up 47% from Nov, preliminary CPCA data show

The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.

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