Welcome to our dedicated page for GreenPower Mtr Co news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr Co stock.
GreenPower Motor Co Inc (GP) delivers all-electric commercial vehicles designed for transit agencies, schools, and fleet operators. This news hub provides official updates on financial performance, product innovations, and strategic developments directly from the company and trusted sources.
Track GP's progress in electrifying transportation through earnings announcements, regulatory filings, and partnership disclosures. Investors will find timely reports on production milestones, technology advancements in battery management systems, and expansions within North America's zero-emission vehicle market.
Key updates include quarterly financial results, new vehicle certifications, supply chain developments, and emissions credit transactions. Content is curated to help stakeholders assess GP's position in the evolving electric school bus and commercial EV sectors without speculative commentary.
Bookmark this page for streamlined access to GreenPower's latest press releases and market-moving announcements. Check back regularly for authoritative updates on the company's role in advancing sustainable heavy-duty transportation solutions.
GreenPower Motor Company (NASDAQ: GP) has launched Round 3 of its all-electric school bus pilot project in West Virginia, deploying Type D BEAST and Type A Nano BEAST buses in Boone, McDowell, Raleigh, and Wyoming counties. Preliminary data from the first two rounds show these buses achieving excellent performance with a range of 200 to 250 miles per day. The ongoing project aims to evaluate the buses in various weather conditions, helping districts consider permanent electric bus integration. Press conferences and training sessions are scheduled to promote the project.
GreenPower Motor Company (NASDAQ: GP) has appointed Claus C. Tritt as Vice President of Medium Duty and Commercial Vehicle Sales. Tritt brings 36 years of automotive experience, including significant roles at Mercedes-Benz, where he was pivotal in launching the Sprinter Van in the U.S. market. His appointment is expected to enhance GreenPower's sales efforts for its EV Star platform, focusing on growth in 2023. The company aims to position itself as a leader in the electric vehicle space, emphasizing customer-centric sales and strong dealer relationships.
GreenPower Motor Company has appointed Peterson Trucks, Inc. as the dealer for its BEAST Type D and Nano BEAST Type A all-electric school buses in Oregon. This partnership aims to enhance GreenPower's existing market presence, with Peterson bringing 76 years of experience and five operational locations in the state. The agreement includes an order for two Type D BEAST buses for demonstration purposes. GreenPower has already initiated bus sales discussions with several Oregon school districts, indicating strong demand for their zero-emission vehicles.
GreenPower Motor Company (NASDAQ: GP) announced an enhanced partnership with Gemilang International Limited (GML) to develop and market right-hand drive electric-powered class 4 trucks and vans for demand across Asia, the Middle East, and Europe. GreenPower has already delivered an EV Star Cab and Chassis to GML and plans further deliveries, responding to increasing global electrification trends. GML, with over 30 years of experience, will body the chassis for various applications, tapping into significant market opportunities driven by government support for renewable energy.
GreenPower Motor Company (NASDAQ: GP) will ring the Opening Bell at Nasdaq MarketSite on December 6, 2022, at 9:15 a.m. ET. The event celebrates the company's achievements in the electric vehicle sector, particularly in manufacturing all-electric school buses in West Virginia. CEO Fraser Atkinson will lead the ceremony alongside partners and stakeholders. Featured at the event will be the award-winning Nano BEAST, recognized for its extensive range of up to 150 miles and its large battery pack for a Type A school bus. The ceremony will be livestreamed on Nasdaq's channels.
GreenPower Motor Company (NASDAQ: GP) announced successful results from the first round of its all-electric school bus pilot project in West Virginia. Over six weeks, three BEAST school buses covered more than 5,400 miles, showcasing zero emissions while transporting students safely. The buses achieved battery consumption rates of 1.1 to 1.5 miles per percent of State of Charge, providing 110 to 150 miles on a full charge. Feedback from drivers and school officials was positive, highlighting the vehicles' performance and handling. Round 2 of the project has commenced in additional counties.
GreenPower Motor Company Inc. (Nasdaq: GP) has appointed BDO Canada LLP as its new auditor, effective November 23, 2022. This change comes as a result of the Board and Audit Committee's decision to replace the former auditor, Crowe MacKay LLP, which provided satisfactory services without any modified opinions on the company's financial statements. GreenPower specializes in manufacturing zero-emission electric vehicles, catering to various markets including transit and school buses.
GreenPower Motor Company (Nasdaq: GP) announced record revenues of $7,726,461 for the second quarter ended September 30, 2022, a 67% increase from $4,629,371 in the previous year. The company delivered 57 vehicles and expanded its operations with a new facility in West Virginia. They launched a pilot project for all-electric school buses and have plans to meet demand from the EPA's Clean School Bus Program. Despite growth, gross profit margins faced short-term compression due to new vehicle deliveries.
GreenPower Motor Company (NASDAQ: GP) announced a new listing of vehicles eligible for funding under the Volkswagen Trust Fund by the San Joaquin Valley Air Pollution Control District. These grant opportunities can cover up to 100% of the purchase price for various GreenPower electric buses, including the EV Star Min-eBus and BEAST Type D School Bus. Funding amounts reach up to $400,000 for school buses and $180,000 for transit buses, aimed at replacing internal combustion engine buses. The grant program opened on October 31, 2022, on a first-come, first-served basis.
GreenPower Motor Company (NASDAQ: GP) announced the deployment of the first purpose-built Type A all-electric, ADA-compliant school bus in the U.S., set to begin operation in Clay County, West Virginia on November 4, 2022. The Nano BEAST, equipped with advanced features like a class-leading range of 150 miles and dual-port charging, aims to enhance accessibility and safety for students. GreenPower's innovative design positions it as a leader in the electric vehicle sector, underlining its commitment to zero-emission transportation solutions.
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