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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

Comment by downwithdotcom1on Jun 05, 2023 9:30am
156 Views
Post# 35480122

RE:Toronto Transit Commission awards NFI

RE:Toronto Transit Commission awards NFI

WOW!!! awesome news for NFI...yet the NOVA bus order (ie VOLVO) still stands even talking about "other agencies"  piggy-backing on the TTC order just like what is suppossed to happen with the NFI bid ie Ottawa's transit going along ...remember, the NFI bus submission was the ONLY bus that passed on all the technicals ..see NOVA's NR below.. i am somewhat confused...thoughts????


Saint-Eustache, Canada, May 29, 2023 –
 Nova Bus, a member of the Volvo Group and a leading North American transit bus manufacturer, announces it has been awarded a base order of 124 LFSe+, with a potential additional order of 12 buses and up to 405 units in option, by the Toronto Transit Commission (TTC). The LFSe+ is the 40’ long-range battery-electric bus model of Nova Bus. The buses from the base order will be delivered over a two-year period starting in 2024. This will be the first order of Nova Bus LFSe+ buses by the TTC. In addition, the order also includes an adoption process for other agencies in Ontario to enter into their own agreements with Nova Bus for up to 550 buses over four years.

Over the past ten years, Nova Bus has delivered over 1,300 buses to the TTC, including hybrid-electric buses. With this new order, the all-electric LFSe+ will support the bus fleet electrification efforts of the TTC, which are part of its commitment to be 50% zero emissions by 2030 and 100% zero emissions by 2040 or sooner.

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