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New Flyer (TSX:NFI) receives award for 46 zero-emission, high-capacity buses from Wisconsin's Metro Transit

 John Ballem John Ballem , The Market Herald Canada
0 Comments| January 10, 2023

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  • NFI Group Inc. (NFI) subsidiary New Flyer, announced that the City of Madison ordered 46 battery-electric Xcelsior CHARGE NG 60-foot heavy-duty transit buses
  • The buses will operate on Metro Transit’s new East-West Bus Rapid Transit system, expected to begin service in 2024
  • The Charge NG buses will immediately reduce greenhouse gas emissions, delivering cleaner, more sustainable mobility
  • NFI Group is focused on the electrification of mass mobility with electric vehicles operating or on order in more than NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 120 cities in six countries
  • Shares of NFI Group (NFI) are trading at C$11.725 per share at 12:45 pm ET
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NFI Group (NFI) subsidiary New Flyer announced that the City of Madison ordered 46 battery-electric Xcelsior CHARGE NG 60-foot heavy-duty transit buses.

The high-capacity, zero-emission articulated buses will be configured with five doors to operate on Metro Transit’s new East-West Bus Rapid Transit system, which is expected to begin service in 2024.

The battery-electric buses for Metro Transit will be equipped with high-power batteries, providing 410 kWh of power to deliver more energy-efficient and longer-range zero-emission buses. Metro Transit provides public transportation services throughout the City of Madison, Wisconsin, delivering more than 4.6 million annual fixed route buses and paratransit rides.

“Metro Transit is excited to partner with New Flyer to help make our ambitious BRT plans a reality,” said Justin Stuehrenberg, General Manager, Metro Transit.

“New Flyer’s track record of innovation, quality products, and on-time delivery give us complete confidence that they will be a trustworthy partner for the largest infrastructure project the City of Madison has ever undertaken.”

“With more than 16,000 Xcelsior buses on North America’s roads, NFI is a proven mass mobility leader that provides reliable and safe mobility solutions,” said Chris Stoddart, President, North American Bus and Coach, NFI.

“These 60-foot Charge NG buses will immediately reduce greenhouse gas emissions, delivering cleaner, more sustainable mobility all while providing faster, high-capacity transportation to the City of Madison community.”

Introduced in 2021, the Xcelsior CHARGE NG incorporates high-energy batteries, advanced protective battery packaging for easy installation and simpler serviceability, and a new lightweight electric traction drive system with up to 90 per cent energy recovery.

NFI Group is focused on the electrification of mass mobility with electric vehicles operating or on order in more than NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 120 cities in six countries.

Shares of NFI Group (NFI) are up 0.99 per cent on the day, trading at C$11.725 per share at 12:45 pm ET.




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