As first announced with NFI’s second quarter 2023 financial results, NFI entered into an agreement for up to
The financing is part of PrairiesCan’s Framework to Build a Green Prairie Economy that was tabled in
Today’s announcement is the culmination of a multi-year strategy by NFI to expand its zero-emission vehicle offering that includes the next generation hydrogen fuel-cell electric transit bus, the Xcelsior CHARGE FC™; a redesigned 60-foot battery-electric bus with increased range, the Xcelsior CHARGE NG™; MCI’s battery-electric high-floor and low-floor commuter coaches the D45 CRT CHARGE™ and D45 CRT LE CHARGE™; and the battery-electric variant of North America’s best-selling touring coach, the J4500 CHARGE™. The financing also supported the integration of a new battery pack into certain North American vehicles, increasing NFI’s technology offering and enhanced supply chain resiliency.
In addition, today’s announcement is also an opportunity to showcase the modernization efforts underway at the MCI facility in
“On behalf of the entire team at NFI, I would like to thank PrairiesCan for their partnership and financial support. NFI is proudly headquartered in
"NFI plays a significant role in building a green prairie economy, and supports the jobs of thousands of
Today’s announcement included The Honourable Dan Vandal, The Honourable Ben Carr, Member of
NFI is Leading the ZEvolutionTM
NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 140 million EV service miles.
NFI supports growing North American cities with scalable, clean, and sustainable mobility solutions through its mobility solution ecosystem, which includes buses and coaches; infrastructure; parts and service; technology; workforce development and training; and vehicle financing. NFI also operates the Vehicle Innovation Center (“VIC”), the first and only innovation lab of its kind dedicated to advancing bus and coach technology and providing workforce development. Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.
About NFI
Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.
With over 8,200 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motor coaches),
Forward-Looking Statement
This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including the risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca. Due to the potential impact of these factors NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For inquiries, please contact:
P: 204.792.1300
Stephen.King@nfigroup.com
Source:
2023 GlobeNewswire, Inc., source