New York, March 06, 2024 - PRISM MarketView - GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV), known for its all-electric, zero-emission medium and heavy-duty vehicles, has launched GP Truck Body, a new business unit aimed at providing commercial customers with a comprehensive one-stop shop for their vehicle needs.
Key Highlights:
- Launch of GP Truck Body: A new entity focused on offering a wide range of truck bodies designed specifically for electric vehicles.
- One-Stop Shop: Aims to simplify the purchasing process for commercial customers, covering all aspects from ordering to delivery and service.
- Comprehensive Product Line: Includes dry freight, refrigerated boxes, aluminum stakebeds, and more, maximizing cargo capacity and delivery range.
- Corporate Vision: Part of GreenPower’s long-term strategy to unify its business units under one corporate umbrella, enhancing customer experience and market influence.
“The launch of GP Truck Body signifies our commitment to customer satisfaction, consolidating our services into a seamless one-stop shop experience for buying and manufacturing. By combining our business units under the GreenPower brand, we continue to provide unmatched expertise as an EV manufacturing company. Our goal is to be the trusted partner our customers rely on to meet all their business requirements. With GP Truck Body now part of the GreenPower business unit, we can achieve this goal while strengthening our market influence.”
Brendan Riley, President of GreenPower
On Tuesday, the company delivered the first all-electric, purpose-built Type D BEAST school bus to the Phoenix Elementary School District in Arizona, introducing a new option for sustainable school transportation.
As of March 6, 2024, GreenPower’s market cap is $55m.
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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