Welcome to our dedicated page for GreenPower Mtr Co news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr Co stock.
GreenPower Motor Co Inc (GP) delivers all-electric commercial vehicles designed for transit agencies, schools, and fleet operators. This news hub provides official updates on financial performance, product innovations, and strategic developments directly from the company and trusted sources.
Track GP's progress in electrifying transportation through earnings announcements, regulatory filings, and partnership disclosures. Investors will find timely reports on production milestones, technology advancements in battery management systems, and expansions within North America's zero-emission vehicle market.
Key updates include quarterly financial results, new vehicle certifications, supply chain developments, and emissions credit transactions. Content is curated to help stakeholders assess GP's position in the evolving electric school bus and commercial EV sectors without speculative commentary.
Bookmark this page for streamlined access to GreenPower's latest press releases and market-moving announcements. Check back regularly for authoritative updates on the company's role in advancing sustainable heavy-duty transportation solutions.
GreenPower Motor Company (NASDAQ: GP) has launched a pilot project in West Virginia to demonstrate all-electric school buses in Cabell, Kanawha, and Mercer Counties. Beginning the week of September 5, 2022, three Type D BEAST school buses will be deployed, along with charging infrastructure, aiming to provide a real-world test of zero-emission school transportation. The project aims to collect data on various factors, such as range and maintenance savings, to help districts assess electric bus deployment. A fourth bus will be introduced in Clay County soon.
GreenPower Motor Company (NASDAQ: GP) has delivered three BEAST Type D all-electric school buses to the West Virginia Department of Education and appointed an independent dealer for the state. This dealer, with over 100 years of experience, will exclusively handle sales, parts, and service for GreenPower's electric buses. The pilot project, starting September, aims to demonstrate the buses' effectiveness. The BEAST bus can seat up to 90 passengers, with a range of up to 150 miles. This initiative highlights GreenPower's commitment to zero-emission vehicles and economic development in West Virginia.
GreenPower Motor Company (NASDAQ: GP) has appointed Leonard Bus Sales as a dealer for its BEAST and Nano BEAST all-electric school buses in New York. Leonard will have exclusive rights statewide, except in eight counties around New York City. They plan to purchase two of each bus for demos. New York mandates that all new school bus purchases be 100% electric by 2027 and aims for a complete transition by 2035. This partnership positions GreenPower favorably as the state pushes for zero-emission transportation.
GreenPower Motor Company (NASDAQ: GP) announced its fiscal Q1 2023 results, reporting revenues of $3,851,105, a 29% increase from $2,980,086 year-over-year. The company achieved a gross profit margin of 28.8% and ended the quarter with $5.4 million in cash and $39.7 million in inventory. Significant milestones included the first deliveries of EV Star Cab and Chassis to Workhorse, expansion in the dealer network for electric school buses, and the acquisition of Lion Truck Body, enhancing supply chain integration.
GreenPower Motor Company (NASDAQ: GP) will host a conference call on August 15, 2022, at 6:30 a.m. PT to discuss its first-quarter financial results for the period ending June 30, 2022. This call aims to provide a business update to shareholders and interested parties. Participants can join via dial-in numbers for the US, Canada, and international callers. A replay will be available shortly after the call. GreenPower specializes in electric-powered vehicles for various sectors, including transit and school divisions.
GreenPower Motor Company (NASDAQ: GP) has announced the initial delivery of EV Star Cab and Chassis (EV Star CC) to Workhorse Group Inc. (NASDAQ: WKHS) for the production of the Class 4 W750 step van line. This follows a multi-year supply agreement established on March 1, 2022, under which GreenPower is set to deliver 1,500 units by March 2024. The W750 will feature a 150-mile electric range and a 5,000 lbs payload capacity. GreenPower aims to scale deliveries rapidly to meet Workhorse's production needs.
GreenPower Motor Company (NASDAQ: GP) announced that thirteen of its electric vehicle models are eligible for funding under Canada's iMHZEV program, which offers incentives ranging from $75,000 to $150,000. The Canadian government allocated nearly $550 million for this initiative, which supports the purchase of medium and heavy-duty zero-emission vehicles. Customers in British Columbia can also receive an additional rebate of up to $100,000 through the Specialty Use Vehicle Incentive (SUVI). GreenPower has over 1,600 vehicles on order, indicating strong demand for its EV products.
GreenPower Motor Company (NASDAQ: GP) announced the acquisition of Lion Truck Body, enhancing its capacity to deliver electric truck bodies. The purchase includes $215,000 in upfront cash, assuming liabilities of $1.45 million, and potential cash payments of up to $25,000. Lion Truck Body generated approximately $3.5 million in revenue last fiscal year, and its expertise in truck body designs positions GreenPower to meet customer demands for energy-efficient solutions quickly. This strategic acquisition aims to improve delivery speed for EV Star truck customers significantly.
GreenPower Motor Company will host a webcast on July 8, 2022, at 7:30 a.m. PT to update shareholders and discuss financial results for the year ended March 31, 2022. This session is crucial for investors looking to understand the company's performance in the electric vehicle sector.
GreenPower manufactures electric vehicles for various sectors, including shuttle, transit, and school sectors, emphasizing zero-emissions technology.
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