LOS ANGELES, May 25, 2021 /CNW/ -- GreenPower Motor Company
Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading
manufacturer and distributor of zero-emission, electric-powered,
medium and heavy-duty vehicles, announced today that Forest River, a Berkshire Hathaway Company
(NYSE: BRK.A), has taken delivery of the first five of GreenPower's
purpose-built EV Star Cab and Chassis (CC).
Forest River is the market share
leader in cutaway buses, motorhomes, and other recreational
vehicles, and will utilize the EV Star Cab and Chassis as part of
their electrification strategy by building their top-tier body and
integrating it with GreenPower's purpose-built, zero-emission
platform. Forest River
celebrated the delivery of their 100,000th bus in July of 2020, has
over 10,000 employees, and has annual revenues in excess of
$5 Billion.
Brendan Riley, President of
GreenPower, commented, "The initial focus will lie with the
StarCraft cutaway bus product which represents a total addressable
market of approximately 13,000 vehicles per year and Forest River accounts for approximately 9,000 of
those units sold. This is the type of transformative partnership
that GreenPower has sought out as the company has matured, and we
look forward to working with a highly respected market leader such
as Forest River to accelerate their
electrification strategy."
Ryne Shetterly, Vice President of
Sales and Marketing at GreenPower, added, "Forest River brings tremendous volume potential
and will be offering an all-electric StarCraft product that is
exactly what the market needs. By integrating the top-rated body
and the only scalable, purpose-built, electric chassis, the market
can now rest assured they are getting a vehicle that will be safe,
reliable, and serviceable." Shetterly continued, "We see a
number of opportunities to collaborate with Forest River across their entire product line,
and we are excited to complete this first delivery."
About GreenPower Motor Company Inc.GreenPower
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. GreenPower employs a clean-sheet design to
manufacture all-electric vehicles that are purpose built to be
battery powered with zero emissions while integrating global
suppliers for key components. This OEM platform allows GreenPower
to meet the specifications of various operators while providing
standard parts for ease of maintenance and accessibility for
warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational
facilities in southern California.
Listed on the Toronto exchange
since November 2015, GreenPower
completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to
www.greenpowermotor.com
Forward-Looking Statements
This document
contains forward-looking statements relating to, among other
things, GreenPower's business and operations and the environment in
which it operates, which are based on GreenPower's operations,
estimates, forecasts, and projections. Forward-looking
statements are not based on historical facts, but rather on current
expectations and projections about future events, and are therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied
by the forward-looking statements. These statements generally can
be identified by the use of forward-looking words such as "upon",
"may", "should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. These statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict or are beyond GreenPower's control. A number
of important factors, including those set forth in other public
filings (filed under the Company's profile on www.sedar.com), could
cause actual outcomes and results to differ materially from those
expressed in these forward-looking statements. Consequently,
readers should not place any undue reliance on such forward-looking
statements. In addition, these forward-looking statements relate to
the date on which they are made. GreenPower disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. © 2021 GreenPower Motor Company
Inc. All rights reserved.
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SOURCE GreenPower Motor Company