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NFI Group Inc T.NFI

Alternate Symbol(s):  NFYEF | T.NFI.DB

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).


TSX:NFI - Post by User

Post by retiredcfon Sep 16, 2021 8:57am
123 Views
Post# 33867620

Globe & Mail

Globe & Mail

08:11 AM EDT, 09/16/2021 (MT Newswires) -- NFI Group (NFI.TO) subsidiary New Flyer of America, has received a new contract from the Lane Transit District (LTD) for 19 battery-electric forty-foot Xcelsior CHARGE heavy-duty transit buses. The order includes six depot chargers, supporting electric bus deployment in Eugene-Springfield, Oregon, and Metro Area where LTD delivers more than 10 million bus rides annually.

This order follows New Flyer's recent delivery of 11 battery-electric transit buses and installation of five depot chargers, which were supported by Federal Transit Administration Low or No-Emission funding. Both orders advance LTD's climate action goals of 75% greenhouse gas (GHG) emission reduction by 2030, and 100% fleet turnover to reduce fossil fuel dependency by 2035.

"NFI is meeting the growing demand for reduced GHG emission by providing comprehensive turn-key solutions, built on our four-pillar approach including buses and coaches, connected technology, infrastructure, and workforce development," said Paul Soubry, President and Chief Executive Officer, NFI. "These integrated turnkey solutions are tailored for a customer's specific needs and serve as critical enablers of the transition to zero-emission. With battery-electric options across our entire suite of vehicles, NFI is positioned unlike any other OEM to advance the mass mobility shift toward sustainability."

Price: 29.42, Change: +0.33, Percent Change:

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