GreenPower Plans To Deliver 88 All-Electric School Buses In West Virginia In FY25
Portfolio Pulse from Benzinga Newsdesk
GreenPower Motor Company Inc. (NASDAQ:GP) announced plans to deliver 88 all-electric school buses in West Virginia in FY25, following a record number of deliveries in FY24. The company received an $18.56 million EPA grant for deploying zero-emission buses and charging infrastructure in seven West Virginia counties. GreenPower's production is expected to reach 50-60 buses per quarter by FY25 end. The commercial division also saw increased deliveries, with a 9% increase in EV Star deliveries and resumed deliveries to Workhorse.
April 10, 2024 | 1:01 pm
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GreenPower Motor Company Inc. plans to significantly increase its all-electric school bus deliveries in FY25, supported by an EPA grant and increased production capacity.
The announcement of increased deliveries and the support of an EPA grant indicate a positive outlook for GreenPower's business. The significant increase in production capacity and the expansion into new markets are likely to positively impact the company's revenue and market position in the short term.
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