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NFI Group (TSX:NFI) secures major bus order in Nevada

Simon Druker Simon Druker , The Market Herald Canada
0 Comments| April 28, 2023

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  • NFI Group (NFI) said Friday it has received a major new order from a customer in Nevada
  • The Winnipeg-based bus manufacturer now has an order for up 107 of its New Flyer fuel cell-electric busses
  • This marks the third order from the Regional Transportation Commission of Southern Nevada
  • NFI Group (TSX:NFI) is up 3.77 percent, trading at $7.44 at 10:30 a.m. ET

NFI Group (NFI) said Friday it has received a major new order from a customer in Nevada.

The Winnipeg-based bus manufacturer now has an order for up 107 of its New Flyer fuel cell-electric busses.

The order comes from the Regional Transportation Commission of Southern Nevada.

This marks the third order from RTC for the zero-emission vehicles.

The order is through NFI’s subsidiary, New Flyer of America.

Friday’s five-year contract comes with an initial firm order for seven zero-emission, hydrogen fuel cell-electric 60-foot heavy-duty transit buses. It also contains the option to buy up to 100 additional buses over the duration of the contract.

RTC’s public transit system delivers over 64 million annual passenger rides in the greater Las Vegas Valley.

“Spanning over 30 years of partnership, we have delivered more than 820 buses to RTC. This contract marks RTC’s third EV order awarded to NFI, which once again proves NFI’s undeniable leadership in mass mobility electrification,” NFI President, North American Bus and Coach Chris Stoddart said in a statement.

“The Xcelsior CHARGE FC is the most advanced hydrogen fuel cell-electric bus in North America, which can efficiently operate across a wide range of weather conditions while eliminating greenhouse gas from tailpipe emissions. Our advanced fuel cell-electric buses will provide the Las Vegas Valley community with a fully zero-emission mobility solution for a more sustainable future.”

NFI Group’s zero-emission electric vehicles operate or are on order in more than 120 cities in six countries.

NFI Group (TSX:NFI) is up 3.77 percent, trading at $7.44 at 10:30 a.m. ET.

The materials provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.



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