GP News & Events

GreenPower Motor Company announced they have reached an agreement with the New Mexico Economic Development Department to establish operations in Santa Teresa, NM. The new 135,000 sq. ft. facility in Santa Teresa will become the company's base for North American operations and US corporate headquarters. The move is estimated to generate over $200M in economic impact for New Mexico over the next decade, creating more than 340 jobs. The company will receive a $5M LEDA award from the state and $4.6M in job training incentive funds. The company also qualified for a $1.36M Rural Jobs Tax Credit and $3.65M as part of New Mexico's High-Wage Jobs Tax Credit program.

GreenPower Motor announced accelerated production of its all-electric school bus lineup, supported by a financing facility of up to $18 million, deployable in tranches of up to $2 million. The facility is designed to optimize cash conversion cycles, enabling GreenPower to match capital deployment with production timing as the Company scales output.

GreenPower Motor Company announces its decision to voluntarily delist its common shares from the TSX Venture Exchange, effective the close of business on November 14. This decision has been made following a thorough review of the company's strategic priorities and operational efficiencies. The company assures shareholders that this decision will not affect their share ownership. The company intends to maintain its Nasdaq exchange listing, offering shareholder's the ability to trade GreenPower shares. The company will remain a reporting issuer under Canadian securities laws, ensuring continued transparency and compliance with regulatory requirements.