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.
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GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has completed manufacturing its first four all-electric, purpose-built school buses at its West Virginia facility. The company aims to meet the demand for zero-emission school buses on the East Coast, with plans to produce more buses in the future.
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GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) held a panel discussion at the TSD conference, where school districts shared their experiences deploying the all-electric Nano BEAST school bus in West Virginia. The bus had a positive impact on students' behavior, leading to a calming and smooth ride. The pilot program data showed promising performance of the Nano BEAST in various terrains and conditions.
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GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) announced its first orders for the Type A all-electric, purpose-built, zero-emission Nano BEAST school bus for the New York market through its dealer Leonard Bus Sales. The recent announcement of $100 million in funding for zero-emission school buses in New York presents a significant opportunity for early adopters to purchase GreenPower school buses with financial help from the state.
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GreenPower Motor Company Inc. (GP, GPV) appoints McCandless Truck Center as its commercial dealer in Denver and Las Vegas, expanding its reach in the medium and heavy-duty electric vehicle market. McCandless will sell and provide service for GreenPower's EV Star commercial products, offering fleet owners in the Rocky Mountains and Southwest a faster delivery time of 60 to 90 days.
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GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) announced orders for 35 Type D all-electric, purpose-built school buses for the California market. The orders come from its exclusive California dealer Model 1 for the Montebello and Garden Grove school districts, funded by the California HVIP program and the EPA Clean School Bus Program. This news follows California's legislation requiring all new school buses to be electric by 2035, making the state the leader in state funding for the transition to all-electric school buses.
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GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) announces record revenues of $26.0 million for the first half of the 2024 fiscal year, marking a 125% increase over the previous year. The company delivered 162 vehicles, including all-electric school buses, and expanded its manufacturing workforce. The quarter also saw revenue growth, cash increase, and secured orders for electric school buses and airport ground support vehicles.
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GreenPower Motor Company Inc. plans to host a conference call and webcast on November 14, 2023, to discuss its operations and financial results for the period ended September 30, 2023. The company is a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles. It serves the cargo and delivery market, shuttle and transit space, and school bus sector. The conference call will be held at 6:30 a.m. PST / 9:30 a.m. EST and a replay will be available. Contact information for further information is provided.
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GreenPower Motor Company unveils the Mega BEAST, a 40-foot all-electric school bus with double the range of previous models. It features a 387 kWh battery pack, providing a class-leading range of up to 300 miles on a single charge. The Mega BEAST can seat up to 90 passengers and includes standard features such as air ride suspension and ABS disk brakes. It is designed to address the needs of rural school districts with longer routes and extreme weather conditions. The Mega BEAST will be manufactured in the US starting in 2024.
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GreenPower Motor Company announces record deliveries of all-electric school buses in Q2 of fiscal 2024.
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GreenPower Motor Company delivers first all-electric EV Star to Forth, a nonprofit organization, for use in affordable housing development in Portland. The EV Star will improve transportation access for residents and positively impact the environment and underserved communities.
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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