Welcome to our dedicated page for GreenPower Mtr news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr stock.
GreenPower Motor Company Inc. designs, builds and distributes all-electric medium- and heavy-duty vehicles for cargo and delivery, shuttle, transit and school bus markets. Its product references include high-floor and low-floor transit buses, school buses, shuttles, cargo vans and cab-and-chassis platforms built around a purpose-built electric OEM design.
GreenPower news commonly covers operating and financial results, vehicle production strategy, customer-order activity, financing facilities, convertible preferred share transactions, Nasdaq listing compliance, auditor and board changes, annual meeting results and other governance matters tied to its public-company status.
GreenPower Motor Company (NASDAQ: GP) has launched the Nano BEAST, a zero-emission, battery-electric Type A school bus with a range of up to 150 miles per charge. This innovation features the largest standard battery pack for its category, designed for optimal energy supply and weight distribution. GreenPower plans to begin deliveries soon, leveraging increasing demand for electric school buses supported by state and federal funding. The company highlights the health benefits for students by moving away from diesel buses, as NOx exhaust is linked to respiratory issues.
GreenPower Motor Company Inc. (NASDAQ: GP) has appointed RWC Group as a dealer for its all-electric BEAST school bus in Arizona, Washington, and Clark County, Nevada, serving a market of approximately 20,000 school buses. RWC will receive two BEAST buses in April and has committed to purchasing at least 12 more in the first year. The BEAST is a 40-foot electric bus with 90 passenger capacity, a range of up to 150 miles, and several advanced features. This partnership expands GreenPower's market presence and strengthens its position in electric school transportation.
GreenPower Motor Company (NASDAQ: GP) will participate in the 34th Annual Roth Conference in Dana Point, California, on March 14-15, 2022. Key executives, including CEO Fraser Atkinson, President Brenden Riley, and VP Ryne Shetterly, will engage in a fireside chat on March 14 at 9:30 a.m. PT. The company aims to raise awareness about its zero-emission electric vehicles serving various markets. Interested parties can schedule one-on-one meetings through investor relations and gain insights into GreenPower's sustainable commitment.
On March 1, 2022, Workhorse Group (NASDAQ: WKHS) and GreenPower Motor Company (NASDAQ: GP) announced a multi-year supply agreement for the delivery of 1,500 EV Star cab and chassis. Deliveries will commence in July 2022, supporting Workhorse's new Class 4 W750 step van line, which is set for production in Q3 2022. This partnership grants Workhorse exclusive rights to sell the Class 4 vans in the U.S. and Canada. The W750 model will offer a 150-mile electric range and a 5,000 lbs. payload capacity, enhancing Workhorse's presence in the zero-emission vehicle market.
GreenPower Motor Company (Nasdaq: GP) reported a significant revenue increase of $5,313,352 for the fiscal third quarter ending December 31, 2021, marking a 121.5% rise from the previous year. Gross profit improved to 27.8% of revenues compared to 21.5% in the last quarter. The company delivered multiple all-electric buses and is set to open a new manufacturing facility in West Virginia, with plans to produce over 1,000 school buses annually. The adjusted EBITDA loss was $1,553,811, slightly worsening from the prior quarter.
GreenPower Motor Company Inc. (NASDAQ: GP) will host a conference call on February 11, 2022, at 6:30 a.m. PST to discuss its third-quarter financial results for the period ending December 31, 2021. The call will provide shareholders with a business update and insights into the company's performance. Interested parties can access the call via a provided dial-in number, and a replay will be available shortly after the call. GreenPower specializes in manufacturing all-electric vehicles for various sectors, including transit and delivery.
GreenPower Motor Company (NASDAQ: GP) announced a partnership with BridgeValley Community and Technical College and the Workforce Development Board of Kanawha County to establish workforce training for its all-electric school bus manufacturing facility in South Charleston, West Virginia. Expected to begin operations by mid-2022, the facility will create up to 900 jobs. The state of West Virginia will provide $3.5 million in employment incentives to facilitate job creation. This initiative aims to bolster local employment and support the transition to electric vehicle manufacturing.
GreenPower Motor Company (NASDAQ: GP) has signed a lease/purchase agreement for a manufacturing facility in South Charleston, West Virginia, aimed at producing zero-emission electric school buses. The state has committed to purchasing at least $15 million worth of vehicles from GreenPower. The facility spans 9.5 acres and includes an 80,000 square foot building, with lease payments starting nine months post-production. The company anticipates beginning operations in the second half of 2022, supported by up to $3.5 million in state employment incentives.
On January 6, 2022, GreenPower Motor Company (NASDAQ: GP) announced the delivery of six BEAST school buses to Thermalito Union Elementary School District, marking the largest single order of its BEAST model. The buses, designed for zero-emission transportation, feature a range of up to 150 miles and were funded by grants from the Butte County Air Quality Management District and the California Energy Commission. This delivery highlights GreenPower's commitment to sustainable student transportation and showcases the capabilities of their electric vehicle technology.
GreenPower Motor Company (NASDAQ: GP) announced the delivery of four EV Star Cab and Chassis (EV Star CCs) to Transportation Commodities, Inc. (TCI) on January 4, 2022. The vehicles will support TCI's service fleet and were funded through California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. GreenPower emphasized its efficient turnaround times for vehicle deliveries, which sets it apart from competitors. TCI secured $264,000 in HVIP funds for this purchase, marking a significant step in their transition to a zero-emission fleet.