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GreenPower Announces New Dealer in New Jersey, Pennsylvania and Delaware with an Initial Order of 11 EVs

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GreenPower Motor Company has appointed Wolfington Body Company as its exclusive school bus dealer in New Jersey, Pennsylvania and Delaware, along with rights to sell its Class 4 commercial EV line. Wolfington has purchased four demo units: a Type A Nano BEAST Access school bus, a Type D BEAST school bus, an EV Star Passenger Van, and an EV Star Stakebed Truck. Additionally, Wolfington secured an order for seven Type A Nano BEAST all-electric school buses for a New Jersey school district.

Wolfington, a fifth-generation family business operating since 1876, offers complete mechanical services and body shops with same-day parts delivery in most areas. The partnership announcement was supported by state Assemblywoman Andrea Katz and Hainesport Mayor Leila Gilmore, highlighting economic benefits and environmental advantages for the community.

GreenPower Motor Company ha nominato la Wolfington Body Company come suo concessionario esclusivo di bus scolastici nel New Jersey, Pennsylvania e Delaware, insieme ai diritti di vendita della sua linea di veicoli commerciali elettrici di Classe 4. Wolfington ha acquistato quattro veicoli dimostrativi: un autobus scolastico Type A Nano BEAST Access, un autobus scolastico Type D BEAST, una van passeggeri EV Star e un camion stakebed EV Star. Inoltre, Wolfington ha ottenuto un ordine per sette autobus scolastici completamente elettrici Type A Nano BEAST per un distretto scolastico del New Jersey.

Wolfington, un'azienda a conduzione familiare di quinta generazione operante dal 1876, offre servizi meccanici completi e carrozzerie con consegna di ricambi lo stesso giorno nella maggior parte delle aree. L'annuncio della partnership è stato sostenuto dalla deputata statale Andrea Katz e dal sindaco di Hainesport Leila Gilmore, evidenziando i benefici economici e i vantaggi ambientali per la comunità.

GreenPower Motor Company ha nombrado a Wolfington Body Company como su concesionario exclusivo de autobuses escolares en New Jersey, Pennsylvania y Delaware, junto con los derechos para vender su línea de vehículos comerciales eléctricos de Clase 4. Wolfington ha comprado cuatro unidades de demostración: un autobús escolar Type A Nano BEAST Access, un autobús escolar Type D BEAST, una furgoneta de pasajeros EV Star y un camión stakebed EV Star. Además, Wolfington aseguró un pedido de siete autobuses escolares totalmente eléctricos Type A Nano BEAST para un distrito escolar de Nueva Jersey.

Wolfington, una empresa familiar de quinta generación que opera desde 1876, ofrece servicios mecánicos completos y talleres de carrocería con entrega de piezas el mismo día en la mayoría de las áreas. El anuncio de la asociación fue respaldado por la asambleísta estatal Andrea Katz y la alcaldesa de Hainesport, Leila Gilmore, destacando los beneficios económicos y las ventajas medioambientales para la comunidad.

그린파워 모터 컴퍼니뉴저지, 펜실베이니아 및 델라웨어에서 독점적인 학교 버스 딜러로 울프링턴 바디 컴퍼니를 임명하고 클래스 4 상업 전기차 라인을 판매할 권리를 부여했습니다. 울프링턴은 시연용 차량 네 대를 구매했습니다: 타입 A 나노 비스트 액세스 학교 버스, 타입 D 비스트 학교 버스, EV 스타 승객 밴, EV 스타 스테이크베드 트럭. 또한, 울프링턴은 뉴저지의 한 학교 구역을 위해 7대의 타입 A 나노 비스트 전기학교 버스를 주문했습니다.

울프링턴은 1876년부터 운영되는 5세대 가족 기업으로, 대부분의 지역에서 같은 날 부품 배송과 함께 완전한 기계 서비스 및 차체 수리 서비스를 제공합니다. 파트너십 발표는 주 하원의원인 안드레아 카츠와 하인스포트 시장인 레일라 길모어의 지원을 받아 경제적 혜택과 지역 사회를 위한 환경적 이점을 강조했습니다.

GreenPower Motor Company a nommé Wolfington Body Company comme son concessionnaire exclusif de bus scolaires dans le New Jersey, la Pennsylvanie et le Delaware, ainsi que les droits de vente de sa ligne de véhicules utilitaires électriques de Classe 4. Wolfington a acheté quatre véhicules de démonstration : un bus scolaire Type A Nano BEAST Access, un bus scolaire Type D BEAST, une fourgonnette de passagers EV Star, et un camion à plateau EV Star. De plus, Wolfington a obtenu une commande de sept bus scolaires entièrement électriques Type A Nano BEAST pour un district scolaire du New Jersey.

Wolfington, une entreprise familiale de cinquième génération opérant depuis 1876, offre des services mécaniques complets et des ateliers de carrosserie avec livraison de pièces le jour même dans la plupart des régions. L'annonce du partenariat a été soutenue par la députée de l'État Andrea Katz et la maire de Hainesport, Leila Gilmore, soulignant les avantages économiques et environnementaux pour la communauté.

GreenPower Motor Company hat die Wolfington Body Company zu ihrem exklusiven Schulbus-Händler in New Jersey, Pennsylvania und Delaware ernannt, sowie zu den Rechten zum Verkauf ihrer Klasse 4 gewerblichen Elektrofahrzeugreihe. Wolfington hat vier Demofahrzeuge gekauft: einen Typ A Nano BEAST Access Schulbus, einen Typ D BEAST Schulbus, einen EV Star Personenwagen und einen EV Star Stakebed-Lkw. Darüber hinaus hat Wolfington eine Bestellung von sieben Typ A Nano BEAST vollelektrischen Schulbussen für einen Schulbezirk in New Jersey gesichert.

Wolfington, ein Unternehmen in fünfter Generation, das seit 1876 tätig ist, bietet vollständige mechanische Dienstleistungen und Karosseriewerkstätten mit Lieferung von Ersatzteilen am selben Tag in den meisten Bereichen an. Die Partnerschaftsankündigung wurde von der staatlichen Abgeordneten Andrea Katz und der Bürgermeisterin von Hainesport, Leila Gilmore, unterstützt, die wirtschaftliche Vorteile und Umweltvorteile für die Gemeinschaft hervorhoben.

Positive
  • Secured new exclusive dealership agreement covering three states
  • Initial order of 11 electric vehicles (4 demo units + 7 school buses)
  • Expansion into new geographic markets through established dealer
Negative
  • None.

Insights

The appointment of Wolfington Body Company as an exclusive dealer in three states, coupled with their initial order of 11 EVs, marks a significant expansion of GreenPower's distribution network. The deal includes 7 Type A Nano BEAST school buses for a New Jersey school district and 4 demo units across different vehicle categories. Wolfington's extensive history since 1876 and comprehensive service capabilities make them a strategic partner for penetrating the Northeast market. The partnership aligns with increasing demand for electric school buses, driven by state-level environmental initiatives and federal funding programs. Their established presence and full-service infrastructure in these states provides GreenPower with a strong foundation for regional growth and after-sales support.

This dealer expansion represents meaningful revenue potential for GreenPower in the lucrative Northeast market. With Wolfington's established presence across three states and their immediate commitment to purchase demonstration units, this signals strong dealer confidence in GreenPower's products. The initial order of 7 Nano BEAST buses for a New Jersey school district demonstrates early market traction. Given GreenPower's current market cap of $27.4M, securing an established dealer with a 147-year history and immediate orders could significantly impact their distribution capabilities and revenue growth in this region. The partnership's timing aligns well with increasing state-level initiatives and federal funding for electric school bus adoption.

HAINESPORT, N.J., Dec. 9, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced the appointment of Wolfington Body Company as its exclusive school bus dealer in New Jersey, Pennsylvania and Delaware and as a dealer for its Class 4 commercial line of EV trucks and vans in the same three states. As part of the appointment, Wolfington has purchased a Type A Nano BEAST Access school bus, a Type D BEAST school bus, an EV Star Passenger Van and an EV Star Stakebed Truck as demo units for the region. GreenPower delivered the EV Stars Passenger Van and EV Star Stakebed Truck to Wolfington on December 2, 2024.

During a press conference today at Wolfington's Hainesport, New Jersey facility, Wolfington also announced it has received an order for seven GreenPower Type A Nano BEAST all-electric, purpose-built, zero-emission school buses for a local school district in New Jersey.

"Wolfington Body Company is a fifth-generation family-owned business that has been serving the transportation industry since 1876," said GreenPower President Brendan Riley. "In addition to selling school buses and commercial vehicles, Wolfington is equipped with complete mechanical services and body shops to handle a vehicle's entire lifecycle. Their parts department supplies thousands of parts with same-day delivery available in most areas. We are thrilled to welcome this superior dealer to the GreenPower network."

"Wolfington history dates back to the horse and buggy days when the company built its first carriage, a buggy with such durability that it held up under the heavy use of doctors traveling their rounds," said Richard Wolfington, Jr., Vice President of Wolfington Body Company. "Over the years Wolfington's business has adopted to changing technology and the move to electric vehicles is a natural progression for our company. We are pleased to partner with a premiere purpose-built electric vehicle OEM like GreenPower to bring these school bus and commercial vehicle options to our customers in the three-state region."

Joining Wolfington and GreenPower at the announcement were state Assemblywoman Andrea Katz and Hainesport Mayor Leila Gilmore, both of whom praised the new partnership and its benefits. "This type of news is exactly what I'm working toward in Trenton. Hainesport will benefit from this economically and each of us will breathe cleaner air," Katz said. "School buses are an ideal use of EV technology and to know that the children at Burlington County Special Services School District will be among the first to benefit from this partnership is exceptional."

"Me and my Green Team could not be happier to see Wolfington expanding right here in our community with EV technology that is healthier for school kids and beneficial to the environment and climate change," Gilmore added. "This will bring more jobs and economic activity to Hainesport while at the same time helping reach our goals of sustainability."

Contacts:

Brendan Riley
President
brendan@greenpowermotor.com

Paul Start
Vice President of Sales – School Bus Group
paul.s@greenpowermotor.com

Claus Tritt
Vice President of Medium-Duty and Commercial Sales
claus.t@greenpowermotor.com

About GreenPower Motor Company, Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose-built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com.

Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. A number of important factors including those set forth in other public filings (filed under the Company's profile on www.sedar.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All amounts in U.S. dollars. ©2024 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

FAQ

What is the size of Wolfington's initial order for GreenPower (GP) vehicles?

Wolfington's initial order consists of 11 vehicles: 4 demo units (Type A Nano BEAST Access, Type D BEAST, EV Star Passenger Van, EV Star Stakebed Truck) and 7 Type A Nano BEAST school buses for a New Jersey school district.

Which states are covered by GreenPower's (GP) new dealership agreement with Wolfington?

The dealership agreement covers New Jersey, Pennsylvania, and Delaware, where Wolfington will be the exclusive school bus dealer and commercial line dealer for GreenPower.

When did GreenPower (GP) deliver the first vehicles to Wolfington?

GreenPower delivered the EV Star Passenger Van and EV Star Stakebed Truck to Wolfington on December 2, 2024.

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