Vicinity Motor Corp. (VEV) Q3 2022 Earnings Call Transcript

Nov. 15, 2022 9:46 PM ETVicinity Motor Corp. (VEV), VMC:CA
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Vicinity Motor Corp. (NASDAQ:VEV) Q3 2022 Earnings Conference Call November 15, 2022 4:30 PM ET

Company Participants

William Trainer – Founder and Chief Executive Officer

Dan Buckle – Chief Financial Officer

Conference Call Participants

Poe Fratt – Alliance Global Partners

Robin Cornwall – Catalyst Research

Operator

Greetings, and welcome to the Vicinity Motor Corp. Third Quarter 2022 Corporate Update Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. Before we begin the formal presentation, I'd like to remind everyone that statements made on today's call and webcast including those regarding future financial results and industry prospects, are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. Please refer to the company's regulatory filings for a list of associated risks, and we would also refer you to the company's website for more supporting industry information.

I would now like to hand the call over to William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. William, the floor is yours.

William Trainer

Thank you, operator, and good afternoon, everyone. I'm pleased to welcome you to today's third quarter 2022 corporate update conference call. The third quarter of 2022 was highlighted by strong momentum in our VMC 1200 class 3 electric truck and Vicinity Lightning electric bus product lines. Additional sales and distribution wins of our portfolio of electric vehicles were propelled by intense customer demand for commercial EVs, particularly in the class 3 segment with our VMC 1200. New government incentives for EV adoption in the pipeline are building interest and support from enterprise customers and government agencies as fleets seek to be part of our shared electrified future.

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