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 has finalized an order for 50 all-electric school buses funded by an $18.5 million EPA Clean School Bus Program award. The order includes various models of BEAST, Mega BEAST, and Nano BEAST buses to be distributed across seven West Virginia school districts. The project, part of the Bipartisan Infrastructure Law, represents a collaborative effort to replace diesel buses with zero-emission alternatives. The order increased from 47 to 50 buses after Monongalia County School District contributed an additional $550,000 from its own funds. The buses will create a charging corridor throughout the state, enabling both local and long-distance operations.
GreenPower Motor Company (NASDAQ: GP) has announced plans to sell its tradable emissions compliance credits earned from manufacturing zero-emission vehicles. The company has generated hundreds of tradable credits through its production of all-electric commercial trucks, passenger vehicles, and school buses. GreenPower is in discussions with traditional OEM manufacturers and has engaged Kardos & Associates to broker the credit sales. The credits are valuable under various regulations including California's Advanced Clean Truck regulation and EPA's Phase 3 GHG regulation, with increasing demand due to stricter emissions standards.
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has delivered four all-electric, zero-emission school buses in Arizona, California, and West Virginia in early October, with plans to deliver six more Type D BEAST school buses in the near term. The company delivered the first of 37 BEAST buses ordered by West Virginia to Wyoming County School District. In the West, deliveries included one Nano BEAST to Joseph City School District in Arizona and two BEAST buses to Garden Grove Unified School District in California.
GreenPower currently has 126 live orders of school buses, representing over $45 million in business. The company's school buses are eligible for various funding programs, including California HVIP vouchers, ZESBI grants, and the federal Clean School Bus Program. For the quarter ended September 30, 2024, GreenPower delivered 11 BEAST school buses and 11 EV Star vehicles.
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has received a follow-on order for 10 EV Star Passenger Vans from Washington University in St. Louis for on-campus student transportation. This order follows the university's previous purchase of five EV Star Passenger Vans, which have been in use for over two years.
The EV Star Passenger Van is a zero-emission vehicle with a range of up to 150 miles and dual charging capabilities. It is built on the EV Star Cab & Chassis platform and offers versatile configuration and carrying capacity. The vans ordered by Washington University will be equipped with rear BraunAbility ADA lifts, Q'STRAINT wheelchair securement positions, and optional bike racks.
GreenPower designs and manufactures a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans. The company is listed on both NASDAQ and the Toronto Stock Exchange.
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has received orders for six all-electric, zero-emission school buses from its Arizona dealer RWC Group. The orders, funded by the EPA Clean School Bus Program, are for three different school districts in Arizona. The orders include:
- Three Type D BEAST buses for Osborn School District #8 in Phoenix
- One Type D BEAST and one Type A Nano BEAST for Joseph City School District
- One Type D BEAST for Roosevelt School District No. 66 in Phoenix
The BEAST is a 40-foot Type D bus with seating for up to 90 passengers and a range of up to 150 miles. The Nano BEAST can seat up to 24 passengers with a range of up to 140 miles. Both models feature dual port charging and are designed specifically as all-electric vehicles.
RedChip Companies will air interviews with GreenPower Motor Company Inc. (Nasdaq:GP) and Enlivex Therapeutics on the RedChip Small Stocks, Big Money™ show on Bloomberg TV on August 31, 2024, at 7 p.m. ET. The show reaches an estimated 73 million homes across the U.S.
In his interview, GreenPower's CEO Fraser Atkinson provides a corporate update. GreenPower manufactures all-electric, zero-emission medium and heavy-duty vehicles for various markets. The company has delivered over 700 vehicles to date and maintains a significant order book. GreenPower's competitive positioning and market dynamics suggest potential for sustained growth in the EV industry.
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) announced the delivery of five Type D BEAST all-electric school buses to two California school districts this week. Four buses will go to Cutler-Orosi Joint Unified School District and one to Terra Bella Union Elementary School District. The company plans to deliver up to four more BEASTs to California schools and two to Oregon schools in the coming weeks, with an additional 20 school buses expected in California over the next 90 to 120 days.
The BEAST is a 40-foot Type D all-electric, zero-emission school bus with seating for up to 90 students. It features a unified structure with an integrated aluminum body and is eligible for California HVIP vouchers and ZESBI program grants. GreenPower remains the only OEM to manufacture both Class 4 Type A and Type D all-electric, purpose-built school buses.
GreenPower Motor Company Inc. (Nasdaq: GP) reported its Q1 fiscal 2025 results and provided a sales pipeline update. The company saw a significant uptick in sales for its all-electric commercial vehicles, including 28 specialty vehicles for Canada and orders for EV Star Passenger Vans and Cargo Plus. The school bus pipeline has over 30 vehicles slated for delivery in California and Oregon within 90-120 days, complementing the 88 buses for the East Coast.
Q1 2025 highlights include revenues of $3.0 million, with a gross profit of $0.2 million. The company delivered various electric vehicles and introduced the EV Star REEFERX for refrigerated delivery. GreenPower ended the quarter with $13.9 million in working capital and $33.7 million in inventory. The company also raised $2.3 million through a unit offering.
RedChip Companies will air interviews with GreenPower Motor Company Inc. (Nasdaq:GP) and Calidi Biotherapeutics, Inc. on Bloomberg TV on August 3, 2024, at 7 p.m. ET. Fraser Atkinson, CEO of GreenPower, will provide a corporate update on the show. GreenPower is a leading manufacturer of all-electric, zero-emission medium and heavy-duty vehicles for various sectors including cargo, delivery, shuttle, transit, and school buses.
The company has delivered over 700 vehicles to date and maintains a significant order book. GreenPower's competitive positioning, sales growth, and market dynamics highlight its potential for sustained growth in the EV industry. The interview will be accessible online through a provided link.
GreenPower Motor Company (NASDAQ: GP) announced its participation in the School Transportation News (STN) Expo Reno from July 12 to 17, 2024, at the Peppermill Resort in Reno, Nevada. The company will showcase its all-electric, zero-emission school buses, including the Type A Nano BEAST and Type D BEAST models, which are designed for safety and efficiency. GreenPower executives will be available for one-on-one meetings and will participate in various summits and panels focused on the adoption and safety of electric school buses. The event aims to bring together industry professionals, school districts, and government officials to explore advancements in school transportation.
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