Electric Last Mile secures 1,000 units order for urban delivery van


FILE PHOTO: An Electric Last Mile Solutions UD-1 electric commercial van is seen in Auburn Hills, Michigan, U.S., in this undated photo. REUTERS/Ben Klayman/File Photo

(Reuters) - Electric Last Mile Solutions Inc said on Wednesday it has secured a purchase order for 1,000 units of its urban delivery van from distribution partner, Randy Marion Automotive Group.

Shares of the Michigan-based electric vehicle company were up nearly 7% at $7.63 in premarket trading.

The purchase order comes after the company commenced production of its all-electric delivery van on Sept. 20.

Electric Last Mile, which went public through a SPAC merger in June, said it plans to ship first few units on Sept. 28 from its Mishawaka, Indiana facility.

Last month, the company said despite a delay in closing the merger and global supply chain challenges due to the COVID-19 pandemic, it is on track for its full year 2022 production targets.

(Reporting by Nilanjana Basu in Bengaluru; Editing by Shailesh Kuber)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

Amazon bulks up shipping capacity to battle holiday season snarls
Mastercard expands cryptocurrency services with wallets, loyalty rewards
Facebook will fuel further unrest, whistleblower says
Google pays fines to Russia over banned content
Tesla drives toward $1 trillion club on record Hertz order
Tesla submits partial response in U.S. auto safety probe - memo
France moves to shield its book industry from Amazon
Latest Russian cyberattack targeting hundreds of U.S. networks -Microsoft
Facebook knew about, failed to police, abusive content globally - documents
Thailand to regulate digital platform service businesses

Others Also Read


Vouchers