Welcome to our dedicated page for Nfi Group news (Ticker: NFYEF), a resource for investors and traders seeking the latest updates and insights on Nfi Group stock.
NFI Group Inc (NFYEF) drives innovation in sustainable mass transit as a leading manufacturer of electric and hydrogen-powered buses. This news hub provides investors and industry professionals with timely updates on the company’s technological advancements, strategic partnerships, and market developments.
Access comprehensive coverage of NFI Group’s milestones, including product launches, financial results, and supply agreements with key partners like Ballard Power Systems. Our curated news collection simplifies tracking the company’s progress in zero-emission transportation solutions.
Explore updates across core areas: fuel cell technology integrations, new vehicle deployments, regulatory compliance developments, and strategic expansions. Each update is verified for accuracy to support informed decision-making.
Bookmark this page for streamlined access to NFI Group’s evolving role in shaping eco-friendly public transportation. Check back regularly for authoritative reporting on innovations transforming urban mobility landscape.
NFI Group Inc.'s subsidiary, New Flyer, has been awarded a contract by the New Jersey Transit for up to 1,300 Xcelsior® 40-foot clean-diesel transit buses. The contract includes an initial firm order for 175 buses with the option to purchase up to 1,125 more. These buses offer enhanced safety, efficiency, and rider experience, replacing end-of-life vehicles in NJ TRANSIT's fleet. The Xcelsior buses are environmentally friendly, meeting stringent emission standards, and supporting sustainable mobility solutions.
NFI Group Inc. announced the election of a new director, Anne Marie O’Donovan, at the annual general meeting. She will also serve as the new chair of the Audit Committee. The other nine nominees listed in the management information circular were also elected as directors. The Board expresses confidence in NFI's management team and its position in the market.
NFI Group Inc. announced its first-quarter 2024 financial results, showcasing a revenue of $723 million, a record high backlog of 14,783 units valued at $11.7 billion, and a net loss of $9 million. Despite challenges like supply chain issues, the company remains optimistic about revenue growth and delivery improvements.
Boston has ordered 80 advanced zero-emission buses from NFI subsidiary New Flyer, with options for an additional 380 buses. The purchase marks a significant step in transitioning to an all-electric bus fleet for the Massachusetts Bay Transportation Authority. The contract includes a firm order for 80 Xcelsior CHARGE NG™ 40-foot battery-electric transit buses, funded by the FTA Low-No grant program. New Flyer's latest three-door design option ensures faster, more flexible boarding and an enhanced passenger experience.
