STOCK TITAN

New York’s MTA further electrifies fleet, with order for 265 battery-electric buses from NFI subsidiary New Flyer

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

NFI Group's subsidiary New Flyer has secured an order for 265 zero-emission buses from New York's Metropolitan Transit Authority (MTA). The order includes 193 Xcelsior CHARGE NG™ 40-foot buses and 72 Xcelsior CHARGE NG™ 60-foot buses, building upon MTA's previous order of 205 buses.

The MTA, which operates North America's largest transportation network serving 15.3 million people across 5,000 square miles, plans to transition its entire 5,800-bus fleet to zero-emission vehicles by 2040. This aligns with their goal to reduce operational greenhouse gas emissions by 85% from 2015 levels.

The Xcelsior CHARGE NG™ buses feature advanced technology including high-energy batteries, protective battery packaging, and an electric traction drive system with up to 90% energy recovery. NFI currently has electric vehicles operating or on order in over 150 cities across six countries.

New Flyer, una sussidiaria del Gruppo NFI, ha ottenuto un ordine per 265 autobus a zero emissioni dalla Metropolitan Transit Authority (MTA) di New York. L'ordine comprende 193 autobus Xcelsior CHARGE NG™ da 40 piedi e 72 autobus Xcelsior CHARGE NG™ da 60 piedi, ampliando l'ordine precedente della MTA di 205 autobus.

La MTA, che gestisce la più grande rete di trasporti del Nord America servendo 15,3 milioni di persone su 5.000 miglia quadrate, prevede di convertire l'intera flotta di 5.800 autobus a veicoli a zero emissioni entro il 2040. Questo è in linea con il loro obiettivo di ridurre le emissioni di gas serra operative dell'85% rispetto ai livelli del 2015.

Gli autobus Xcelsior CHARGE NG™ sono dotati di tecnologie avanzate, tra cui batterie ad alta energia, imballaggi protettivi per le batterie e un sistema di trazione elettrica con un recupero energetico fino al 90%. Attualmente, NFI ha veicoli elettrici in funzione o in ordine in oltre 150 città in sei paesi.

New Flyer, una subsidiaria de NFI Group, ha asegurado un pedido de 265 autobuses de cero emisiones de la Autoridad Metropolitana de Transporte (MTA) de Nueva York. El pedido incluye 193 autobuses Xcelsior CHARGE NG™ de 40 pies y 72 autobuses Xcelsior CHARGE NG™ de 60 pies, ampliando el pedido anterior de 205 autobuses por parte de la MTA.

La MTA, que opera la red de transporte más grande de América del Norte, sirviendo a 15.3 millones de personas en 5,000 millas cuadradas, planea convertir toda su flota de 5,800 autobuses a vehículos de cero emisiones para 2040. Esto se alinea con su objetivo de reducir las emisiones de gases de efecto invernadero operativas en un 85% respecto a los niveles de 2015.

Los autobuses Xcelsior CHARGE NG™ cuentan con tecnología avanzada, incluidas baterías de alta energía, empaques protectores para baterías y un sistema de tracción eléctrica con una recuperación de energía de hasta el 90%. Actualmente, NFI tiene vehículos eléctricos en operación o en pedido en más de 150 ciudades en seis países.

NFI 그룹의 자회사인 New Flyer가 뉴욕의 메트로폴리탄 교통국(MTA)으로부터 265대의 제로 에미션 버스에 대한 주문을 확보했습니다. 이번 주문에는 193대의 Xcelsior CHARGE NG™ 40피트 버스와 72대의 Xcelsior CHARGE NG™ 60피트 버스가 포함되며, 이는 MTA의 이전 205대 주문을 기반으로 하고 있습니다.

MTA는 북미에서 가장 큰 교통 네트워크를 운영하며, 5,000 제곱 마일에 걸쳐 1,530만 명에게 서비스를 제공합니다. MTA는 2040년까지 5,800대의 버스 전체를 제로 에미션 차량으로 전환할 계획입니다. 이는 2015년 대비 운영 온실가스 배출량을 85% 줄이겠다는 목표와 일치합니다.

Xcelsior CHARGE NG™ 버스는 고에너지 배터리, 배터리 보호 포장 및 최대 90%의 에너지 회수 기능을 갖춘 전기 추진 시스템을 포함한 첨단 기술을 특징으로 합니다. 현재 NFI는 6개국 150개 이상의 도시에서 운영 중이거나 주문한 전기차량을 보유하고 있습니다.

New Flyer, une filiale du Groupe NFI, a obtenu une commande de 265 autobus à zéro émission de la Metropolitan Transit Authority (MTA) de New York. La commande comprend 193 autobus Xcelsior CHARGE NG™ de 40 pieds et 72 autobus Xcelsior CHARGE NG™ de 60 pieds, s'appuyant sur la commande précédente de 205 autobus de la MTA.

La MTA, qui exploite le plus grand réseau de transport en Amérique du Nord, desservant 15,3 millions de personnes sur 5 000 miles carrés, prévoit de convertir l'ensemble de sa flotte de 5 800 autobus en véhicules à zéro émission d'ici 2040. Cela s'inscrit dans leur objectif de réduire les émissions de gaz à effet de serre opérationnelles de 85 % par rapport aux niveaux de 2015.

Les autobus Xcelsior CHARGE NG™ sont dotés de technologies avancées, y compris des batteries haute énergie, des emballages de protection pour les batteries et un système de traction électrique avec un taux de récupération d'énergie allant jusqu'à 90 %. Actuellement, NFI a des véhicules électriques en service ou en commande dans plus de 150 villes à travers six pays.

New Flyer, eine Tochtergesellschaft der NFI Group, hat einen Auftrag über 265 emissionsfreie Busse von der Metropolitan Transit Authority (MTA) in New York erhalten. Der Auftrag umfasst 193 Xcelsior CHARGE NG™ Busse mit 40 Fuß und 72 Xcelsior CHARGE NG™ Busse mit 60 Fuß und baut auf der vorherigen Bestellung von 205 Bussen der MTA auf.

Die MTA, die das größte Verkehrsnetz Nordamerikas betreibt und 15,3 Millionen Menschen auf 5.000 Quadratmeilen bedient, plant, ihre gesamte Flotte von 5.800 Bussen bis 2040 auf emissionsfreie Fahrzeuge umzustellen. Dies steht im Einklang mit ihrem Ziel, die Betriebsemissionen von Treibhausgasen bis 2015 um 85 % zu reduzieren.

Die Xcelsior CHARGE NG™ Busse verfügen über fortschrittliche Technologien, darunter Hochenergie-Batterien, schützende Batterieverpackungen und ein elektrisches Antriebssystem mit einer Energie-Rückgewinnung von bis zu 90 %. Derzeit hat NFI Elektrofahrzeuge in über 150 Städten in sechs Ländern im Einsatz oder bestellt.

Positive
  • Secured major order for 265 electric buses from North America's largest transportation network
  • Builds upon existing order of 205 buses, showing strong customer relationship
  • Part of MTA's commitment to convert entire 5,800-bus fleet to zero-emission by 2040
  • Demonstrates NFI's growing presence in zero-emission mobility with vehicles in 150+ cities
Negative
  • None.

Xcelsior CHARGE NG, street, high res

ST. CLOUD, Minn., Feb. 14, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced New York’s Metropolitan Transit Authority (MTA) is adding 265 zero-emission buses to its fleet. This option order, part of a contract between New Flyer and the MTA signed in Q1 2024, allows for the purchase of 193 Xcelsior CHARGE NG™ 40-foot buses and 72 Xcelsior CHARGE NG™ 60-foot buses (144 equivalent units).

The MTA operates North America’s largest transportation network and oversees the largest bus fleet in the United States. The MTA’s services span 5,000 square miles, covering New York City, Long Island, southeastern New York State, and Connecticut, serving a population of 15.3 million people. Demonstrating its leadership in sustainable transit, the agency unveiled a plan in 2023 to fully transition its 5,800-bus fleet to zero-emission vehicles by 2040. This initiative aligns with the MTA’s overarching goal to reduce operational greenhouse gas emissions by 85% by 2040, using 2015 as the baseline. This ambitious effort underscores the MTA’s commitment to driving meaningful climate action while maintaining its vital role in connecting communities.

“Our 25 year partnership with the MTA has been built on trust, innovation, and delivering reliable transportation solutions,” said Chris Stoddart, President, North American Bus and Coach, NFI. “This builds upon MTA’s original firm order of 205 Xcelsior CHARGE NG buses.”

New Flyer’s Xcelsior CHARGE NG™ bus incorporates three distinct technology advancements: high-energy batteries, advanced protective battery packaging for easy installation and simpler serviceability, and a lightweight electric traction drive system with up to 90% energy recovery. For more information, visit newflyer.com/ng.

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 220 million EV service miles.

About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.

With over 9,100 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares trade on the Toronto Stock Exchange (“TSX”) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.

About New Flyer

New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

Forward-Looking Statement

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services; customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca.  

Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. 

For media inquiries, please contact: 
Melissa Schnee 
P: 385.910.6861 
Melissa_Schnee@newflyer.com 

For investor inquiries, please contact: 
Stephen King 
P: 204.792.1300 
Stephen.King@nfigroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d8b23c2-49d7-40a7-84f7-b8176304f6cc


FAQ

How many electric buses did MTA order from NFI (NFYEF) in February 2024?

MTA ordered 265 zero-emission buses, including 193 40-foot and 72 60-foot Xcelsior CHARGE NG™ buses.

What is MTA's zero-emission bus fleet target by 2040?

MTA plans to transition its entire 5,800-bus fleet to zero-emission vehicles by 2040.

How many cities currently operate NFI (NFYEF) electric vehicles?

NFI has electric vehicles operating or on order in more than 150 cities across six countries.

What are the key features of NFI's (NFYEF) Xcelsior CHARGE NG™ buses?

The buses feature high-energy batteries, advanced protective battery packaging, and an electric traction drive system with up to 90% energy recovery.

What is MTA's greenhouse gas emission reduction goal for 2040?

MTA aims to reduce operational greenhouse gas emissions by 85% by 2040, using 2015 as the baseline.

Nfi Group Inc

OTC:NFYEF

NFYEF Rankings

NFYEF Latest News

NFYEF Stock Data

1.02B
118.14M
0.62%
43.48%
Auto Manufacturers
Consumer Cyclical
Link
Canada
Winnipeg