**Electric Truck Revolution! Vicinity Motor Corp. Earnings Report Reveals Surprising Growth and Strategic Expansion**

Vancouver, Canada – Vicinity Motor Corp. held its Q4 2023 Earnings Conference Call on April 2, 2024, marking a significant milestone for the company. During the call, Founder and CEO William Trainer, along with CFO Dan Buckle, discussed the company’s achievements and future plans, shedding light on their strategic direction and performance.

Trainer highlighted the focus on expanding the VMC 1200 dealership network across Canada and the delivery of VMC 1200 electric trucks and transit buses during the fourth quarter of 2023. The company saw strong demand, selling 11 transit buses and invoicing dealership customers for 71 VMC 1200 electric trucks, expected to be recognized in the first half of 2024.

The expansion continued with the announcement of new VMC 1200 dealership partners in Canada, emphasizing the company’s commitment to meeting the growing demand for electric vehicles in strategic markets across the country. The partnership with ADASTEC to create an automated variant of their Vicinity Lightning EV transit bus showcases their dedication to innovation and sustainability in the transportation sector.

As they gear up for 2024, Trainer expressed confidence in the company’s ability to deliver value to stakeholders and communities. With a growing sales funnel, strong backlog, and improving margins, Vicinity Motor Corp. is poised for sustainable growth in the coming year and beyond.

During the Q&A session, analysts raised inquiries about government incentives, supply chain challenges, production capacity, backlog realization, and refinancing plans. Buckle provided insights into the company’s financial performance, revenue growth, gross profit margins, cash flow, net loss, and adjusted EBITDA loss, emphasizing the efforts to maintain operational efficiency and address financial obligations.

In his closing remarks, Trainer thanked participants for joining the call and expressed optimism about the company’s continued progress and operational execution. He encouraged further inquiries through the IR firm, the MZ Group, highlighting the commitment to transparent communication and investor relations. The call concluded with an invitation for participants to disconnect, wrapping up a comprehensive update on Vicinity Motor Corp.’s latest developments and future outlook.