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.
News
Rhea-AI Summary
GreenPower Motor Company Inc. launches GP Truck Body, a new truck body entity, to provide a one-stop shop experience for buying and manufacturing electric vehicle truck bodies. The company aims to enhance customer satisfaction and streamline the fleet experience by offering a complete line of truck bodies tailored for electric vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
-
Rhea-AI Summary
GreenPower Motor Company delivers the first all-electric school bus in Arizona to Phoenix Elementary School District. The purpose-built Type D BEAST bus aims to provide safe, sustainable, and zero-emission transportation for students.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.14%
Tags
-
News
Rhea-AI Summary
GreenPower Motor Company Inc. will showcase its all-electric, zero-emission commercial vehicles at the National Truck Equipment Association's Work Truck Week. President Brendan Riley will provide insights on products and company updates during a press conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
Rhea-AI Summary
GreenPower Motor Company Inc. has been recognized as a top-performing company in the 2024 TSX Venture 50, ranking number two in the Clean Tech and Life Sciences sector. The company specializes in manufacturing and distributing all-electric medium and heavy-duty vehicles, emphasizing growth and diversification to enhance shareholder and customer value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
-
Rhea-AI Summary
GreenPower Motor Company Inc. announces Monarch Truck Center as a commercial dealer for GreenPower EV Star Cargo Plus trucks. Monarch orders four all-electric vehicles with impressive cargo capacity and range, enhancing their zero-emission transportation offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.47%
Tags
-
Rhea-AI Summary
GreenPower Motor Company Inc. secures a $5 million revolving loan agreement with Export Development Canada to accelerate production of all-electric vehicles for customer orders, expanding EDC's support beyond letter of credit guarantee. The Facility allows for multiple advances over two years, providing additional liquidity to fulfill orders without shareholder dilution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.12%
Tags
Rhea-AI Summary
GreenPower Motor Company Inc. reports record revenues of $34.2 million for the nine months ended December 31, 2023, showing a 40% increase over the previous fiscal year. The company delivered 196 vehicles, including all-electric school buses, EV Star products, and Type D BEAST school buses. GreenPower also launched the Mega BEAST with an impressive range of up to 300 miles on a single charge. The quarter saw significant growth in the school bus division, with orders from West Virginia, California, and New York markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.12%
Tags
-
Rhea-AI Summary
GreenPower Motor Company Inc. plans to host a conference call and webcast to discuss its operations and financial results for the periods ended December 31, 2023. The company is a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving various sectors. Shareholders and interested parties can join the call on Tuesday February 13, 2024, and a replay will be available shortly after the call. Contact information for further details is provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
-
Rhea-AI Summary
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) announced the delivery of 10 EV Star Cab and Chassis to a Canadian unit of a global retailer for fulfillment of orders in the greater Toronto market. The company also delivered various other electric vehicles, including school buses and transit buses, during the quarter ended December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
News
Rhea-AI Summary
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) announced the delivery of four all-electric, purpose-built Type A Nano BEAST school buses to West Virginia, marking the first all-electric, purpose-built school buses manufactured in the state. The company has also rolled out the first manufactured all-electric school buses from its South Charleston manufacturing facility, with a total of 41 all-electric GreenPower school buses purchased by the state of West Virginia for school districts across the Mountain State.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
FAQ
What is the current stock price of GreenPower Motor Company Common Shares (GP)?
The current stock price of GreenPower Motor Company Common Shares (GP) is $0.742 as of December 24, 2024.
What is the market cap of GreenPower Motor Company Common Shares (GP)?
The market cap of GreenPower Motor Company Common Shares (GP) is approximately 21.9M.
What does GreenPower Motor Company Inc. specialize in?
GreenPower Motor Company Inc. specializes in the manufacturing and distribution of all-electric, zero-emission medium and heavy-duty vehicles, including transit buses, school buses, and cargo vans.
What are some recent achievements of GreenPower?
Recent achievements include the launch of the EV Star Utility Truck in April 2024 and the unveiling of the EV Star REEFERX, an all-electric refrigerated truck, in June 2024.
Where is GreenPower Motor Company Inc. headquartered?
GreenPower was founded in Vancouver, Canada, and has its primary operational facilities in southern California.
What are the key components of GreenPower’s vehicles?
Key components include electric drive motors from Siemens, brakes from Knorr, axles from ZF, and dash and control systems from Parker.
What is the EV350 transit bus?
The EV350 is GreenPower’s flagship zero-emission transit bus launched in 2014, featuring a flexible clean-sheet design, custom battery management system, and proprietary flex power system for the drive motors.
How does GreenPower support sustainability?
GreenPower supports sustainability by providing all-electric vehicles that reduce emissions, lower total cost of ownership, and meet various federal and state incentive programs for electric vehicle adoption.
On which stock exchanges is GreenPower listed?
GreenPower is listed on the NASDAQ under the symbol GP and on the TSX Venture Exchange under the symbol GPV.
What incentive programs does GreenPower participate in?
GreenPower participates in programs such as the New York Truck Voucher Incentive Program and the New York School Bus Incentive Program to encourage the adoption of electric vehicles.
What type of vehicles does GreenPower offer?
GreenPower offers a range of all-electric vehicles including transit buses, school buses, shuttles, cargo vans, and commercial trucks.
How does GreenPower ensure vehicle quality and maintenance?
GreenPower integrates global suppliers for key components and employs an OEM platform that allows for standard parts, ensuring ease of maintenance and accessibility for warranty requirements.
GreenPower Motor Company Inc. Common Shares
Nasdaq:GP
GP Rankings
GP Stock Data
21.88M
22.89M
22.35%
2%
0.66%
Farm & Heavy Construction Machinery
Industrials
United States of America
Vancouver