Business
GreenPower Provides Business Update and Reports Year-End Fiscal 2025 Results
Webinar Scheduled for August 4, 2025 at 4:15 p.m. EST/1:15 p.m. PST VANCOUVER, BC, July 30, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP)
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"Webinar Scheduled for August 4, 2025 at 4:15 p.m. EST/1:15 p.m. PST\nVANCOUVER, BC, July 30, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (\"GreenPower\" and the \"Company\"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported its year-end fiscal year 2025 results.\n\n \n \n \n \n \n \n\n \n\"Fiscal year 2025 was a transformative year for GreenPower as the political winds shifted and federal EV incentives and policies began to change,\" said GreenPower CEO Fraser Atkinson. \"While GreenPower continued to manufacturer and deliver class leading all-electric, purpose-built, zero-emission school buses and commercial vehicles, the Company was focused on adapting to these changes by streamlining production and retooling operations to be successful in the space.\"\nDuring the year GreenPower consolidated its California operations from multiple locations in the state to one facility in Riverside. \"Consolidating our operations from five different facilities spread throughout California to one larger facility has reduced our costs and increased efficiency,\" said GreenPower President Brendan Riley. \"Having our U.S. corporate headquarters, engineers, project managers, upfitting operations and west coast manufacturing in one location better positions the company for managed growth and success.\"\nManufacturing in the West Virginia facility continued during the fiscal year with the first BEAST Type D school buses rolling off the manufacturing line for in-state orders and a Round 2 EPA Clean School Bus Program (CSBP) grant that was awarded to multiple school districts in the state during fiscal 2025. In the western half of the country, school bus manufacturing and deliveries also continued during the fiscal year under a variety of programs including the CSBP. Type D BEASTs and Type A Nano BEASTs from GreenPower's California facilities were delivered through its dealers to schools in Arizona, California and Oregon. \"As the only all-electric, purpose-built school bus OEM manufacturing both a Type A and a Type D school bus in facilities on both sides of the country, GreenPower is perfectly positioned to meet the market demand nationwide,\" Atkinso...