Advertisement
Australia markets closed

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • AUD/USD

    0.6535
    +0.0012 (+0.18%)
     

  • OIL

    83.88
    +0.31 (+0.37%)
     

  • GOLD

    2,360.80
    +18.30 (+0.78%)
     

  • Bitcoin AUD

    98,597.79
    +1,273.43 (+1.31%)
     

  • CMC Crypto 200

    1,392.08
    -4.46 (-0.32%)
     

  • AUD/EUR

    0.6086
    +0.0013 (+0.21%)
     

  • AUD/NZD

    1.0977
    +0.0019 (+0.18%)
     

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     

  • FTSE

    8,111.76
    +32.90 (+0.41%)
     

  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     

  • DAX

    18,051.64
    +134.36 (+0.75%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

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

Reuters
·1-min read
FILE PHOTO: An Electric Last Mile Solutions UD-1 electric commercial van is seen in Auburn Hills

(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)