Welcome to our dedicated page for GreenPower Motor Company Common Shares news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Motor Company Common Shares stock.
GreenPower Motor Company Inc. (NASDAQ: GP) is a prominent manufacturer and distributor of all-electric, zero-emission medium and heavy-duty vehicles catering to the cargo and delivery market, shuttle and transit space, and school bus sector. Founded in Vancouver, Canada, GreenPower has established its primary operational facilities in southern California.
Product Line and Key Technologies
- GreenPower offers a diverse range of electric vehicles including charter, school, and city buses, all of which utilize electric drive and battery technologies combined with lightweight chassis and low-floor body designs.
- The company's flagship product, the EV350 transit bus, launched in 2014, features a flexible clean-sheet design, a custom battery management system, and a proprietary flex power system for the drive motors.
- GreenPower's integrated global supplier network includes Siemens for drive motors, Knorr for brakes, ZF for axles, and Parker for dash and control systems, ensuring high-quality components and ease of maintenance.
Innovative Projects and Recent Achievements
- In April 2024, GreenPower introduced the EV Star Utility Truck, an all-electric vehicle with a payload capacity of up to 6,000 pounds and a range of up to 150 miles. This truck is part of the EV Star Cab & Chassis family and is tailored for various commercial applications.
- GreenPower's latest addition, the EV Star REEFERX, unveiled in June 2024, is a state-of-the-art all-electric refrigerated truck designed for mid to last-mile delivery, capable of transporting temperature-sensitive goods efficiently.
- The company has actively participated in several high-profile expos, including the NYC Fleet Show and the Advanced Clean Transportation Expo, showcasing its range of electric vehicles and innovative technologies.
Financial and Market Insights
GreenPower trades on both the NASDAQ and the TSX Venture Exchange under the symbols GP and GPV, respectively. The company completed its U.S. IPO and NASDAQ listing in August 2020 and has been listed on the Toronto exchange since November 2015. In May 2024, GreenPower commenced an underwritten public offering in the United States to fund the production of all-electric vehicles and product development.
Partnerships and Collaborations
GreenPower collaborates with various suppliers and partners to enhance its product offerings and market reach. The company's OEM platform allows it to meet the specifications of different operators while ensuring standard parts for ease of maintenance and warranty requirements.
Commitment to Sustainability
GreenPower is dedicated to leading the transition to sustainable transportation by providing all-electric vehicles that offer low total cost of ownership, minimal maintenance, and outstanding reliability and efficiency. The company supports various incentive programs, such as the New York Truck Voucher Incentive Program and the New York School Bus Incentive Program, to facilitate the adoption of electric vehicles.
For further information, visit www.greenpowermotor.com.
GreenPower Motor Company (NASDAQ: GP) has announced a new OEM agreement with Perrone Robotics to enhance autonomous shuttle offerings tailored for transit authorities across the U.S. This partnership aims to revolutionize urban mobility by integrating Perrone's TONY® autonomous vehicle retrofit kit into GreenPower's EV Star, an all-electric, ADA-compliant vehicle. The AV Star is designed to meet the growing demand for reliable transit solutions, capable of carrying up to 16 passengers at highway speeds. The unveiling coincides with the APTA Expo in Orlando, showcasing groundbreaking advancements in autonomous transit.
GreenPower Motor Company (NASDAQ: GP) plans a conference call on November 12, 2021, to discuss its financial results for the second quarter ended September 30, 2021. The call will take place at 6:30 a.m. PST / 9:30 a.m. ET. Investors can access the call by dialing the provided numbers or joining via the webcast link. GreenPower is known for manufacturing all-electric medium and heavy-duty vehicles, focusing on zero emissions and battery-powered solutions. The company is headquartered in Vancouver, BC, and operates primarily in California.
GreenPower Motor Company (NASDAQ: GP) announced the delivery of 24 additional EV Stars to Zeem Solutions in September 2021, following the delivery of 30 earlier this year. The EV Stars are configured for 19 passengers and feature a 118kWh battery with a range of 150 miles, designed for both AC and DC fast charging. Zeem provides a complete e-mobility solution, and Paul Gioupis, CEO, highlighted the vehicle's performance and customer reception. GreenPower's VP of Sales emphasized growing demand and successful follow-on orders, indicating strong market traction.
On October 4, 2021, GreenPower Motor Company (NASDAQ: GP) announced the delivery of an ADA-accessible EV Star to the City of Temecula for its Mary Phillips Senior Center. This purchase, funded by $160,000 from the VW Mitigation Trust, replaces an older gasoline bus with a zero-emission vehicle, promoting operational cost savings and emissions reduction. The EV Star features flexible charging options, enhancing its utility in various transit applications. This collaboration highlights GreenPower's commitment to sustainable transportation solutions.
GreenPower Motor Company (NASDAQ: GP) announced its participation in several key industry conferences from September to December 2021, aimed at promoting its all-electric vehicles. Notable events include the National Parking Convention, MOVE America, and the APTA Transform Conference. GreenPower plans to showcase its zero-emission vehicle lineup, engage with consumers and investors, and highlight its impact on sustainable transportation. CEO Fraser Atkinson and President Brendan Riley will speak at selected events, focusing on the electric bus revolution and zero-emission transitions.
GreenPower Motor Company (NASDAQ: GP) has delivered 10 EV Star Cab and Chassis to WeShip LLC as part of California's HVIP program, securing $660,000 in funding. The HVIP request was initiated on June 8, 2021, with a rapid delivery process highlighting GreenPower's efficiency in meeting demand. This marks the program's first delivery for GreenPower, which anticipates further sales acceleration due to increased interest in zero-emission vehicles. The EV Star CC features a 150-mile range and can carry up to 7,000 pounds.
On September 20, 2021, GreenPower Motor Company (NASDAQ: GP) announced the delivery of an EV Star Plus to Fraser Academy in Vancouver. This zero-emission Class 4 passenger bus will support the school's transportation needs and is eligible for a $50,000 voucher from the B.C. SUVI program. The EV Star Plus features flexible seating and a range of up to 250 km. GreenPower's CEO, Fraser Atkinson, expressed pride in contributing to sustainable transport solutions. The company has also donated $175,000 to Fraser Academy, highlighting strong community support for education.
GreenPower Motor Company (NASDAQ: GP) delivered its first BEAST school bus to Santa Maria Joint Union High School District, marking a significant milestone in their electric vehicle rollout. The BEAST is a 40-foot battery electric school bus with a range of 150 miles on a single charge, designed to seat up to 90 passengers. This delivery reflects years of planning and positions GreenPower for further BEAST deliveries through the year. The company aims to support school districts nationwide with clean transportation solutions.
GreenPower Motor Company Inc. (NASDAQ: GP) announced its participation in two major investor conferences. On September 10, 2021, CEO Fraser Atkinson, CFO Michael Sieffert, and President Brendan Riley will host a virtual fireside chat at the RBC Capital Markets Global Industrials Conference. Following that, they will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021, where they will provide an overview of the company's business and conduct one-on-one meetings with investors.
GreenPower Motor Company (NASDAQ: GP) announced the official launch of its all-electric school bus, the BEAST, at the ACT Expo in Long Beach, California. The BEAST can travel up to 150 miles on a single charge and accommodate 90 passengers. Deliveries are set to begin in September, with production ramping up from 5 to 10 units per month due to increased demand following the Federal Infrastructure Plan. GreenPower emphasizes the BEAST's safety features and cost efficiency, aiming to enhance the adoption of zero-emission school buses across the USA.
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