Bullboard - Stock Discussion Forum GreenPower Motor Company Inc V.GPV

Alternate Symbol(s): GP

GreenPower Motor Company Inc. is a Canada-based company, which designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. It employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions... see more

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GreenPower Motor Company Inc > Workhorse and GreenPower Sign Supply Agreement for Delivery

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Post by Thunde on Mar 01, 2022 3:57pm

Workhorse and GreenPower Sign Supply Agreement for Delivery

https://ir.workhorse.com/news-events/press-releases/detail/190/workhorse-and-greenpower-sign-supply-agreement-for-delivery

Under the terms of the agreement, the companies have confirmed a 21-month schedule during which GreenPower will deliver 1,500 EV Star cab and chassis to Workhorse starting in July 2022. The chassis are to be used in the production of Workhorse’s new Class 4 W750 step van line, which is slated to enter production in Q3 2022. Workhorse will complete the manufacturing process and deliver finished step vans to its customers in the United States and Canada. The agreement includes deposits based on delivery thresholds and also contains a renewal option.

Workhorse will have exclusive rights in the U.S. and Canada to sell Class 4 step vans based on the GreenPower-supplied base vehicle. The finished Class 4 step vans will be available under the Workhorse brand with Workhorse after-sales and support service.

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