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) announces that its AV Star will be showcased at CES 2022 as a demonstration vehicle in collaboration with Perrone Robotics. This fully-autonomous, zero-emissions shuttle enables attendees to experience autonomous rides, highlighting GreenPower's commitment to innovative mobility solutions. The AV Star, which meets ADA-compliance and FMVSS certification, represents the company's advancements in electric vehicle technology. Demonstration rides will occur at the CES 'Innovation Alley' from January 5-7.
GreenPower Motor Company Inc. (Nasdaq: GP) announced on December 10, 2021, the granting of 350,000 stock options to Directors and Officers, 278,000 to employees, and 65,000 to consultants, pending TSX Venture Exchange approval. The options have an exercise price of CDN $16.45 and are valid for five years. The vesting periods vary: for Directors and Officers and consultants, 25% vest after four, six, nine months, and one year; for employees, 25% vest after four months, and subsequently at one, two, and three years.
GreenPower Motor Company reported a strong financial performance for the second quarter ended September 30, 2021, with revenues of $4,441,963, a 57% increase from the prior year's $2,835,411. The company delivered 44 vehicles, including 34 sales and 10 leases. However, gross profit margin decreased to 21.5% from 30.1% in the same period last year, largely due to new model deliveries. Adjusted EBITDA loss expanded to $1,373,088. The company maintains a robust sales pipeline and aims to leverage recent investments in production capacity.
GreenPower Motor Company (NASDAQ: GP) has announced a new OEM agreement with Perrone Robotics to enhance autonomous shuttle offerings tailored for transit authorities across the U.S. This partnership aims to revolutionize urban mobility by integrating Perrone's TONY® autonomous vehicle retrofit kit into GreenPower's EV Star, an all-electric, ADA-compliant vehicle. The AV Star is designed to meet the growing demand for reliable transit solutions, capable of carrying up to 16 passengers at highway speeds. The unveiling coincides with the APTA Expo in Orlando, showcasing groundbreaking advancements in autonomous transit.
GreenPower Motor Company (NASDAQ: GP) plans a conference call on November 12, 2021, to discuss its financial results for the second quarter ended September 30, 2021. The call will take place at 6:30 a.m. PST / 9:30 a.m. ET. Investors can access the call by dialing the provided numbers or joining via the webcast link. GreenPower is known for manufacturing all-electric medium and heavy-duty vehicles, focusing on zero emissions and battery-powered solutions. The company is headquartered in Vancouver, BC, and operates primarily in California.
GreenPower Motor Company (NASDAQ: GP) announced the delivery of 24 additional EV Stars to Zeem Solutions in September 2021, following the delivery of 30 earlier this year. The EV Stars are configured for 19 passengers and feature a 118kWh battery with a range of 150 miles, designed for both AC and DC fast charging. Zeem provides a complete e-mobility solution, and Paul Gioupis, CEO, highlighted the vehicle's performance and customer reception. GreenPower's VP of Sales emphasized growing demand and successful follow-on orders, indicating strong market traction.
On October 4, 2021, GreenPower Motor Company (NASDAQ: GP) announced the delivery of an ADA-accessible EV Star to the City of Temecula for its Mary Phillips Senior Center. This purchase, funded by $160,000 from the VW Mitigation Trust, replaces an older gasoline bus with a zero-emission vehicle, promoting operational cost savings and emissions reduction. The EV Star features flexible charging options, enhancing its utility in various transit applications. This collaboration highlights GreenPower's commitment to sustainable transportation solutions.
GreenPower Motor Company (NASDAQ: GP) announced its participation in several key industry conferences from September to December 2021, aimed at promoting its all-electric vehicles. Notable events include the National Parking Convention, MOVE America, and the APTA Transform Conference. GreenPower plans to showcase its zero-emission vehicle lineup, engage with consumers and investors, and highlight its impact on sustainable transportation. CEO Fraser Atkinson and President Brendan Riley will speak at selected events, focusing on the electric bus revolution and zero-emission transitions.
GreenPower Motor Company (NASDAQ: GP) has delivered 10 EV Star Cab and Chassis to WeShip LLC as part of California's HVIP program, securing $660,000 in funding. The HVIP request was initiated on June 8, 2021, with a rapid delivery process highlighting GreenPower's efficiency in meeting demand. This marks the program's first delivery for GreenPower, which anticipates further sales acceleration due to increased interest in zero-emission vehicles. The EV Star CC features a 150-mile range and can carry up to 7,000 pounds.
On September 20, 2021, GreenPower Motor Company (NASDAQ: GP) announced the delivery of an EV Star Plus to Fraser Academy in Vancouver. This zero-emission Class 4 passenger bus will support the school's transportation needs and is eligible for a $50,000 voucher from the B.C. SUVI program. The EV Star Plus features flexible seating and a range of up to 250 km. GreenPower's CEO, Fraser Atkinson, expressed pride in contributing to sustainable transport solutions. The company has also donated $175,000 to Fraser Academy, highlighting strong community support for education.