Dual Listed Bus Manufacturer Enters Agreement With Michigan State

By: Dylan Sikes – AllPennyStocks.com News

Monday, October 9, 2023

With a journey that began in August 2021, this company initiated passenger services using SAE Level-4 automated driving software technology, making history as the one and only full-size automated bus deployed on public roads in the U.S. to transport passengers within the Michigan State community. And now, commercial electric vehicle supplier Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) announced in a press release today that it has entered into an agreement to deploy an SAE level-4 vehicle, the Vicinity Autonomous Lightning Electric transit bus, at Michigan State University in conjunction with automated driving software platform provider ADASTEC Corporation.

The vehicle deployment will take place at the MSU East Lansing Campus in Q2 2024 and will showcase Vicinity's next-generation electric transit bus outfitted with ADASTEC's cutting-edge automated transportation technology. This landmark initiative is set to be the first of its kind in North America.

Canadian markets were closed today, and U.S. shares were trading at $0.8624.

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