Business
GreenPower Receives $5 Million LEDA Award from the State for New Mexico Facility Plus $9.6 Million Jobs Tax Credits and Incentive Funds
Company Cites Electric Vehicle Ecosystem, Foreign Trade Zone & Financial Incentives as Reasons for New Mexico FacilitySANTA TERESA, N.M., Jan. 9, 2026
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"Company Cites Electric Vehicle Ecosystem, Foreign Trade Zone & Financial Incentives as Reasons for New Mexico FacilitySANTA TERESA, N.M., Jan. 9, 2026 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (\"GreenPower\" or 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 cited New Mexico's electric vehicle ecosystem, the Santa Teresa Foreign Trade Zone designation and financial incentives offered by the state as reasons the Company has announced plans to open a manufacturing facility in New Mexico.\n \n \n \n \n \n \n \n\"This is a big win for New Mexico,\" said U.S. Senator Martin Heinrich. \"After hosting a congressional briefing with GreenPower on strengthening domestic EV supply chains, it was clear that building these electric heavy-duty vehicles in America means creating high-quality jobs and staying competitive in the race for the future of transportation. I'm proud that this partnership helped bring GreenPower's manufacturing, servicing and operations to New Mexico — creating 340 permanent jobs in Santa Teresa and delivering cleaner air for our kids.\"\"We are excited about yesterday's announcement of an agreement with the state of New Mexico for the establishment of GreenPower's new manufacturing facility in Santa Teresa, New Mexico,\" said Fraser Atkinson, CEO of GreenPower. \"The Company looks forward to working closely with local stakeholders, government leaders and financial partners to create new jobs, drive economic development and accelerate the transition to zero-emission transportation in New Mexico and beyond. Being part of a larger ecosystem in the electrification of transportation for the region will ensure a successful and economically strong manufacturing presence in the state.\"\"We are proud to welcome GreenPower to Doña Ana County and the Santa Teresa region,\" said Scott Andrews, Doña Ana County Manager. \"This announcement reflects the power of collaboration, between local government, the state of New Mexico, the New Mexico Partnership, Mesilla Valley Economic Development Alliance and the Border Industrial Association — working together to create an environment where innovative manufacturers can thrive. GreenPower's inve...