UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________________
FORM
6-K
___________________________
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of: May 2024
Commission
File Number: 001-40412
___________________________
VICINITY
MOTOR CORP.
(Translation
of registrant’s name into English)
___________________________
3168,
262nd Street
Aldergrove,
British Columbia, Canada V4W 2Z6
Telephone:
(604) 607-4000
(Address
of principal executive office)
Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
The
information contained in Exhibit 99.1 of
this Form 6-K is incorporated by reference into, or as an additional exhibit to, as applicable,
the registrant’s Registration Statement on Form F-3 (File No. 333-272964).
DOCUMENTS INCLUDED AS PART OF THIS REPORT
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
Vicinity Motor Corp.
(Registrant) |
|
|
Date: May 22, 2024 |
By: |
/s/ Danial Buckle |
|
|
Name: |
Danial Buckle |
|
|
Title: |
Chief Financial Officer |
EXHIBIT 99.1
Vicinity Motor Corp. Fully Complies with US Federal
Motor Vehicle Safety Standards Testing for VMC 1200 Class 3 Electric Truck
EPA Vehicle Certification and Compliance Testing
and Expected Upcoming CARB Approval Paves Way for Sale Across the United States
VANCOUVER,
BC - May 22, 2024 - Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)
(“Vicinity”
or the “Company”),
a North American supplier of commercial electric vehicles, announced today the VMC 1200 all-electric truck has completed and
met all applicable United States Federal Motor Vehicle Safety Standards (FMVSS) testing required for United States National Highway Traffic
Safety Administration (NHTSA) self-certification, which permits sales in the US.
In the United States, the NHTSA issues and enforces
FMVSS for vehicles that are manufactured domestically or imported. FMVSS identifies mandatory safety performance requirements for vehicles
and motor vehicle equipment. The Vehicle Safety Act requires that vehicles be certified to comply and requires the manufacturer to certify
the vehicle as compliant .
In addition, the Class 3 VMC 1200 has also completed
U.S. Environmental Protection Agency (EPA) Vehicle Certification and Compliance Testing to confirm compliance with the EPA’s emissions
standards to verify the accuracy of fuel economy test results. The all electric VMC 1200 was documented by the EPA with 57 MPGe in urban
duty cycle testing.
Vicinity also expects to receive certification from
the California Air Resources Board (CARB) as a zero-emission vehicle in the state of California, The certification is awarded to vehicle
manufacturers who meet specific emissions standards in compliance with CARB regulations. Once CARB certification is secured, Vicinity
will initiate measures to participate in California’s HVIP incentive program which provides incentives reducing the purchase cost
of commercial electric vehicles.
“Meeting FMVSS compliance provides further assurance
that the VMC 1200 meets all relevant safety requirements in the United States, paving the way for the vehicle to be legally sold in this
critical market,” said Brent Phillips, President of Vicinity Motor Corp. “While much of what is happening in the commercial
EV space is developmental or pre-production, Vicinity is leading the way with OEM production solutions that can make an environmental
and economic impact today.
“Obtaining CARB compliance in California will
allow the VMC 1200 to be sold in every state throughout the United States. CARB certification will also clear the way for the VMC 1200
to be considered for the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). Vehicles permitted into the
HVIP program are eligible for monetary vouchers to reduce the total cost for the purchaser. We look forward to upcoming announcements
as we work closely with our partners to validate the VMC 1200 for U.S. sales,” concluded Phillips.
About Vicinity Motor Corp.
Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (“VMC”)
is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network
and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses,
as well as the VMC 1200 electric truck to the transit and industrial markets. For more information, please visit www.vicinitymotorcorp.com.
Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
IR@vicinitymotor.com
Investor Relations Contact:
Lucas Zimmerman
MZ Group - MZ North America
949-259-4987
VMC@mzgroup.us
www.mzgroup.us
Neither the TSX-V nor its Regulation Service Provider
(as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain “forward-looking
information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning
of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”,
“believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions,
or statements that events, conditions, or results “will”, “may”, “could”, or “should”
occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements
will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results
to differ materially from Vicinity’s expectations include uncertainties relating to the economic conditions in the markets in which
Vicinity operates, vehicle sales volume, anticipated future sales growth, market prices and supply for parts and materials, the success
of Vicinity’s operational strategies, the vehicle assembly facility in the State of Washington being capable of operating in the
manner intended by management, the effect of the COVID-19 pandemic, the recoverability of the Optimal intangible asset and other macro
economic factors on supply chain recovery to pre-pandemic levels, related government-imposed restrictions on operations, the success of
Vicinity’s strategic partnerships, the ability of the Company to extend or modify existing debt terms; and other risk and uncertainties
disclosed in Vicinity’s reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity’s
forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation
to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by
law.
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