New York, March 06, 2024 - PRISM MediaWire - GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV), renowned for its lineup of all-electric, zero-emission medium and heavy-duty vehicles, has initiated the establishment of GP Truck Body, a novel business segment dedicated to offering commercial clientele a comprehensive one-stop solution for their vehicle requirements.
Key Highlights:
- Launch of GP Truck Body: Introducing a specialized entity dedicated to providing a diverse range of truck bodies tailored specifically for electric vehicles.
- One-Stop Shop Approach: Striving to streamline the procurement process for commercial clients, encompassing all facets from order placement to delivery and ongoing maintenance services.
- Comprehensive Product Line: Encompassing dry freight, refrigerated compartments, aluminum stake beds, and more, optimizing cargo capacity and extending delivery range.
- Corporate Vision: Aligned with GreenPower's long-term strategy to consolidate its business units under a unified corporate umbrella, augmenting customer satisfaction and market prominence.
"The introduction of GP Truck Body underscores our unwavering dedication to customer-centric solutions, consolidating our offerings into a seamless, all-encompassing purchasing and manufacturing experience. By amalgamating our business divisions under the GreenPower brand, we continue to deliver unparalleled expertise as a leader in EV manufacturing. Our objective is to serve as the trusted ally upon which our customers rely to fulfill all their business requisites. With GP Truck Body now integrated into the GreenPower portfolio, we are poised to achieve this objective while fortifying our market presence."
Brendan Riley, President of GreenPower
Additionally, on Tuesday, the company marked a milestone by delivering the inaugural all-electric, purpose-built Type D BEAST school bus to the Phoenix Elementary School District in Arizona, introducing a sustainable option for school transportation.
As of March 6, 2024, GreenPower's market capitalization stands at $55 million.
During a press conference at the National Truck Equipment Association's (NTEA) Work Truck Week in Indianapolis, Indiana, at booth #209 on Thursday, March 7th, at 10:30 a.m. EST, GreenPower President Brendan Riley will deliver a presentation focusing on the newly established GP Truck Body entity.
Press Conference Details:
Date: Thursday, March 7, 2024
Time: 10:30 - 10:55 a.m. EST
Location: Indiana Convention Center, Booth #209
Date: Thursday, March 7, 2024
Time: 10:30 - 10:55 a.m. EST
Location: Indiana Convention Center, Booth #209
About GreenPower Motor Company, Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose-built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020.
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