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    GPV   CA39540E3023

GREENPOWER MOTOR COMPANY INC.

(GPV)
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Delayed Bourse de Toronto  -  05/27 03:59:54 pm EDT
5.730 CAD   +11.26%
05/27GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers
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05/27GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers
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05/24GreenPower Forms JV With Jupiter Wagon Group in India to Market Multi-utility Electric Vehicles; Shares Edge Lower
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GreenPower Motor Company Inc. Announces Plan to Manufacture Zero-Emission, All Electric School Buses in West Virginia

01/12/2022 | 10:00am EDT

GreenPower Motor Company Inc. joined Governor Jim Justice in announcing that it has entered into a lease/purchase agreement for a manufacturing facility in South Charleston, West Virginia, for the purpose of manufacturing zero-emission, all-electric school buses. As part of the agreement, the state of West Virginia has committed to purchase a minimum of $15 million of GreenPower vehicles produced at the facility. GreenPower has entered into a lease/purchase agreement with the state of West Virginia to acquire properties located in South Charleston, West Virginia totaling 9.5 acres and an 80,000 square foot building. The terms of the lease require no cash up front and monthly lease payments begin nine months after production begins. All lease payments will be applied in full to the purchase of the property. GreenPower plans to begin manufacturing zero-emission, all-electric school buses in the facility by the second half of 2022. The state will provide up to $3.5 million in employment incentive payments to GreenPower for jobs created in the State as production increases over time. Title to the properties will be transferred to GreenPower once total lease and incentive payments reach $6.7 million.


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All news about GREENPOWER MOTOR COMPANY INC.
05/27GreenPower Announces Results of Annual General and Special Meeting and Appointment of O..
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05/27GreenPower Announces Results of Annual General and Special Meeting and Appointment of O..
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05/17GreenPower's All-Electric Type D and Type A School Buses Eligible For EPA's Clean Schoo..
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Financials (USD)
Sales 2022 19,5 M - -
Net income 2022 -9,88 M - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 104 M 104 M -
Capi. / Sales 2022 5,35x
Capi. / Sales 2023 2,08x
Nbr of Employees 55
Free-Float 72,0%
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Managers and Directors
Fraser Atkinson Executive Chairman & Chief Executive Officer
Brendan Riley President & Director
Michael Sieffert Chief Financial Officer & Secretary
Richard A. Eckert Vice President-Operations
Mark S. Achtemichuk Independent Director
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