Latest news with #zeroemission
Yahoo
a day ago
- Automotive
- Yahoo
GreenPower Provides Business Update and Reports Year-End Fiscal 2025 Results
Webinar Scheduled for August 4, 2025 at 4:15 p.m. EST/1:15 p.m. PST VANCOUVER, BC, July 30, 2025 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported its year-end fiscal year 2025 results. "Fiscal year 2025 was a transformative year for GreenPower as the political winds shifted and federal EV incentives and policies began to change," said GreenPower CEO Fraser Atkinson. "While GreenPower continued to manufacturer and deliver class leading all-electric, purpose-built, zero-emission school buses and commercial vehicles, the Company was focused on adapting to these changes by streamlining production and retooling operations to be successful in the space." During the year GreenPower consolidated its California operations from multiple locations in the state to one facility in Riverside. "Consolidating our operations from five different facilities spread throughout California to one larger facility has reduced our costs and increased efficiency," said GreenPower President Brendan Riley. "Having our U.S. corporate headquarters, engineers, project managers, upfitting operations and west coast manufacturing in one location better positions the company for managed growth and success." Manufacturing in the West Virginia facility continued during the fiscal year with the first BEAST Type D school buses rolling off the manufacturing line for in-state orders and a Round 2 EPA Clean School Bus Program (CSBP) grant that was awarded to multiple school districts in the state during fiscal 2025. In the western half of the country, school bus manufacturing and deliveries also continued during the fiscal year under a variety of programs including the CSBP. Type D BEASTs and Type A Nano BEASTs from GreenPower's California facilities were delivered through its dealers to schools in Arizona, California and Oregon. "As the only all-electric, purpose-built school bus OEM manufacturing both a Type A and a Type D school bus in facilities on both sides of the country, GreenPower is perfectly positioned to meet the market demand nationwide," Atkinson continued. "GreenPower innovation remained at the forefront of activities in fiscal year 2025, as two new Class 4 all-electric, purpose-built, zero-emission commercial vehicles were introduced into the marketplace," Riley stated. The first new vehicle was the EV Star Utility Truck which is built for day-to-day demands and workloads and is equipped with optional power sources, providing accessible power through built-in plugs to accommodate tool charging conveniently on a job site. The front box of the vehicle has optional full pass-through capacity, allowing for oversize tools and supplies. The EV Star Utility Truck offers tailored contractor body configurations, coming in a standard bed size of 16 feet, with the option to customize the length to meet the customer's needs, allowing for more room and applications. The second new vehicle unveiled during the fiscal year was the EV Star REEFERX, a new modern offering, all-electric refrigerated medium-duty delivery truck. Built on GreenPower's EV Star Cab & Chassis platform, the EV Star REEFERX is purpose-built and fully customizable with a lighter body to allow for increased payload. Designed to serve mid to last-mile refrigerated delivery and catering applications, the EV Star REEFERX moves goods that need to be temperature controlled, such as fresh and frozen foods, flowers and pharmaceuticals, among other applications. The vehicle body features a one interior wall structure to allow for seamless sanitation, consistent insulation throughout and a longer life. 2025 Year-End Highlights: Generated revenues of $19.8 million for the year ended March 31, 2025. GreenPower delivered a total of 84 vehicles, which were comprised of 34 BEAST Type D school buses, two Nano BEAST Type A school buses, 23 EV Star Cargo and EV Star Cargo Plus commercial vehicles and 25 EV Star Passenger Vans. GreenPower had working capital of $8.1 million at year-end. At the end of the year GreenPower had inventory of $25.6 million, consisting of $10.1 million of finished goods, $11.3 million of work-in-process and $4.2 million of parts and components. The Company had Deferred revenue of $10.1 million at year-end. Completed an underwritten offering of 3,000,000 common shares raising gross proceeds of $3 million in October 2024 and a unit offering in which it issued 1,500,000 common shares and warrants to purchase 1,575,000 common shares for gross proceeds of $2,325,750. For additional information on the results of operations for the year ended March 31, 2025 review the audited financial statements and related reports posted on GreenPower's website as well as on or filed on EDGAR. Webinar on August 4, 2025 Red Chip will be hosting a webinar for GreenPower on Monday August 4, 2025 at 1:15 p.m. PST/4:15 p.m. EST Register in advance for this webinar: For further information contact: Fraser Atkinson, CEO(604) 220-8048 Brendan Riley, President(510) 910-3377 Michael Sieffert, CFO(604) 563-4144 About GreenPower Motor Company 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 Forward-Looking StatementsThis 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. A number of important factors including those set forth in other public filings (filed under the Company's profile on 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. All amounts in U.S. dollars. ©2025 GreenPower Motor Company Inc. All rights reserved. View original content to download multimedia: SOURCE GreenPower Motor Company View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Australian
3 days ago
- Automotive
- The Australian
Secret Aussie driving rule revealed
Drivers are being reminded of a little-known rule that allows a special group of motorists to use transit lanes. This road rule applies to owners who display a blue EV tag on their number plates, giving them special road privileges in some jurisdictions across the country. This policy, as noted by Yahoo News, allows single occupants driving electric vehicles in New South Wales and the ACT to use transit lanes that are designated for multiple passengers. It was first introduced in 2022 as part of a broader initiative by both territory and state governments to support the shift to zero-emission vehicles. MORE: New Aussie 'super hybrid' could be 'the one' The decision to allow electric vehicles in transit lanes was also a strategic move to make EVs more attractive to the average Australian, with the promise of being able to use the express lanes. The policy was initially intended to conclude by the end of 2022; however, it has been extended several times since, with the latest extension being until June 30, 2027. This privilege is not available to EV owners in other states. Transit lanes play a crucial role in managing traffic flow and reducing congestion on busy roads. These lanes are specifically designed to encourage carpooling by requiring a minimum number of passengers — two for T2 lanes and three for T3 lanes. According to the NSW Government's official guide, 'Transit lanes can be used by vehicles containing a certain number of people.' MORE: 'Truly impressive': Australia's Westworld unveiled 'Electric vehicles are also permitted to drive in transit lanes regardless of the number of occupants until 30 June 2027.' In addition to electric vehicles, transit lanes are accessible to a variety of other vehicles, regardless of the number of occupants. Public buses and minibuses, taxis, emergency vehicles, hire cars with HC number plates, motorcycles, and bicycles are permitted to use these lanes. Drivers with less than the required number of people are allowed by law to enter a transit lane for a maximum of 100m to 'enter or leave the road', 'overtaking another vehicle turning right or making a U-turn' or 'entering a lane from the side of the road'. James Chung Digital Content Creator James is a Digital Content Creator at and is part of the News Corp Australia's digital real estate team. His previous experience includes working for Sky News Australia. Life CEO Elon Musk has doubled down on Tesla's AI future, despite the company's recent woes, signing a massive deal with one of the world's leading electronics makers. Life For an industry worth $200bn a year, there's not a lot of love out there for us Aussies when it comes to our cars.
Yahoo
4 days ago
- Politics
- Yahoo
Village, town of Massena support siting of nuclear plant in Massena
Jul. 27—MASSENA — Massena's village and town boards have thrown their support behind a proposal to site a nuclear facility in Massena. Mayor Gregory M. Paquin said he and Deputy Mayor Chad L. Simpson had attended a nuclear energy forum sponsored by Assemblyman Scott A. Gray , R-Watertown, earlier this month in Alexandria Bay. "I'm not going to lie. When I went up there, I had some reservations. My biggest thought was I was looking at how much water these facilities use. It's like 13 million gallons a day. I'm like, we can't do that. There would be no way," he said. But, Paquin said, that was no longer the case. "These new advanced, zero-emission, they don't necessarily use water to cool them. One guy that was there, he was from the United States Navy and he was part of their nuclear program. He talked about if we wanted to, we could put a nuclear power plant in the middle of Saudi Arabia and not have to use water. So, there's other methods. That was the one thing that I was like, all right, that kind of quelled my biggest fear because I'm sure there were a lot of sportsmen and stuff who were thinking, 'Hell no, we can't do that up here,'" he said. He said, as the presentation was taking place, he was on his phone searching the topic online so he could better understand it. "I always had the vision of a nuclear power plant that's Nine Mile down in Oswego. They make huge cooling towers. That's not what this would be. It basically would be an office building," Paquin said. He said it was up to them to educate the public about the nuclear power plants of today. "If we're going to continue to push for this and so forth, it's going to be imperative on us to educate the public well. I'm sure some of the speakers that were there would most definitely come talk to us about that as we go through the process because I know everyone has the vision of Fukushima exploding and stuff like that. One of things he said is no plan has ever failed because of the nuclear power. It's always failed because of human error and, because of those human errors, they've improved training time and time again," he said. "It's not the water guzzling nuclear power plants that you see down at Nine Mile and other places. This is a modern, modern facility with zero emissions." Paquin said he had talked with a representative of the St. Regis Mohawk Tribe. "He's very confident that there will be great support for that as well," he said. Trustees passed a resolution "supporting the development and construction of a zero-emission advanced nuclear power plant in Massena." "The Village and Town of Massena stand at the forefront of New York State's energy future, committed to advancing sustainable solutions that address climate change, economic revitalization, and energy security and reliability. Massena boasts a strong legacy of industry, innovation, workforce resilience, and ample talented organized labor associations, as well as abundant land to accommodate a nuclear power plant," the resolution reads, noting that because Massena is home to the New York Power Authority's St. Lawrence-Franklin D. Roosevelt Power Project, "Massena an ideal host for clean energy projects of strategic importance to the state." The Massena Town Council approved a similar resolution during their meeting the following night. Town Supervisor Susan J. Bellor said she had a copy of the slides that were used during the Alexandria Bay presentation to share with anyone who was interested. "Very, very impressive," she said. Solve the daily Crossword
Daily Mail
24-07-2025
- Automotive
- Daily Mail
BYD fires against UK Government's EV grants
The world's largest electric car maker, China's BYD (Build Your Dreams), has come out firing against the UK Government's new EV subsidies, branding the newly announced grants 'stupid'. Labour last week announced a £4.5billion package to support the transition to zero emission transport with a new £650million-backed Electric Car Grant taking centre stage and attracting much attention - though not all for the right reasons. There's already widespread criticism of the scheme with experts calling it 'a waste of public spending' and industry warning it could further compound 'rampant EV depreciation'. But BYD's rejection of the initiative is perhaps the most scathing reaction so far. It has been fuelled by reports that Chinese car makers have seemingly been left short by the UK Government; it is reported that the region's ongoing reliance on coal-powered energy for its vehicle assembly and battery manufacturing will fail to adhere to the scheme's sustainability criteria. Manufacturers will discover if they've met the required thresholds to qualify early next month. BYD's CEO Wang Chuanfu called the subsidies a 'bit of a joke', hitting out at their effectiveness. He told the Financial Times : 'They are too small and too late. By the time they start to take effect, the market will already be saturated with Chinese EVs.' BYD's vice-president Stella Li, also predicts that the Chinese brand's sales wouldn't be affected by the policy, telling the FT that the world's biggest EV producer is undeterred and will create 5,000 more jobs by next year as part of its rapid European expansion. On 15 July, Transport Secretary Heid Alexander announced that drivers across the UK will soon enjoy discounts on a range of new electric cars of up to £3,750 . Part of the Plan for Change, the grant is aimed at making electric car ownership a reality for thousands of people by 'putting money back in working people's pockets'. Supporting Labour's phase out of the sale of new petrol and diesel cars by 2030, the Electric Car Grant (ECG) is the first buyers will get incentives for new EV purchases since the previous Conservative regime withdrew its Plug-In Car Grant in 2022. Although cars price at or under £37,000 are eligible, many won't make the cut for the highest available subsidy of £3,750, let alone the lower £1,500 grant allowance, if they fail to meet stringent manufacturing emissions barometers. Manufacturers have been invited to apply for the grant scheme, though it is unclear which models will be eligible. Reports have said the Department for Transport will provide a list of qualifying EVs on 11 August. However, the DfT has told This is Money that it will be releasing a list of some money eligible before then, likely in the first week of next month. That said, Chinese car makers almost certainly face the biggest difficulties qualifying, with recent reports suggesting their EVs will be banned altogether. While many Chinese manufacturers - including MG, LeapMotor and Great Wall Motors (GWM) - have already announced their own EV grants of similar discounted value to compensate, BYD says it isn't going to follow suit. Instead it's going against the grain and dismissing both the introducing of the grants and their use. 'It does not make any sense. This subsidy actually sounds like they will give some companies a benefit, but it's more like a drug. If you get rid of this, you will suffer,' Li told the FT. Alfredo Altavilla, a special advisor for BYD's European operations, also said that there's not way to prevent the success of Chinese-made cars in the long run: 'The question is, is there any European government who can afford to fight against Chinese-made cars forever? No. So what's the purpose of doing all this?' To prove a point, BYD is going full steam ahead with its expansion plans, aiming to produce cars in Hungary and Turkey and open 2,000 retail stores in Europe, 280 of which will be in the UK. Each dealership will employ around 20 people. BYD has also signed a new sponsorship deal with Italian football club Inter Milan to appear on the back of team shirts. The arrangement will see both the men's first team and its top management and coaches provided with 70 BYD vehicles. The Shenzhen-based company is building on its highly successful Euro 2024 sponsorship which helped push brand awareness in the UK from just one per cent in 2023 to 31 per cent in 2024. Li said: 'My dream is in five years, you're walking in a supermarket and everyone will know, 'oh, BYD, we know them, they're a high-tech company'. In the fourth quarter of 2024 BYD overtook Tesla as the largest EV manufacturer in the world, and as of April 2025 it also sold more pure EVs in Europe than Tesla for the first time. As such it's been called an 'overnight success' and as of March 2025 has sold a whopping 11.6 million EVs.
Daily Mail
24-07-2025
- Automotive
- Daily Mail
World's largest EV maker brands Labour's Electric Car Grant 'stupid'
The world's largest electric car maker, China's BYD (Build Your Dreams), has come out firing against the UK Government's new EV subsidies, branding the newly announced grants 'stupid'. Labour last week announced a £4.5billion package to support the transition to zero emission transport with a new £650million-backed Electric Car Grant taking centre stage and attracting much attention - though not all for the right reasons. There's already widespread criticism of the scheme with experts calling it 'a waste of public spending' and industry warning it could further compound 'rampant EV depreciation'. But BYD's rejection of the initiative is perhaps the most scathing reaction so far. It has been fuelled by reports that Chinese car makers have seemingly been left short by the UK Government; it is reported that the region's ongoing reliance on coal-powered energy for its vehicle assembly and battery manufacturing will fail to adhere to the scheme's sustainability criteria. Manufacturers will discover if they've met the required thresholds to qualify early next month. BYD's CEO Wang Chuanfu called the subsidies a 'bit of a joke', hitting out at their effectiveness. He told the Financial Times: 'They are too small and too late. By the time they start to take effect, the market will already be saturated with Chinese EVs.' BYD's vice-president Stella Li, also predicts that the Chinese brand's sales wouldn't be affected by the policy, telling the FT that the world's biggest EV producer is undeterred and will create 5,000 more jobs by next year as part of its rapid European expansion. On 15 July, Transport Secretary Heid Alexander announced that drivers across the UK will soon enjoy discounts on a range of new electric cars of up to £3,750. Part of the Plan for Change, the grant is aimed at making electric car ownership a reality for thousands of people by 'putting money back in working people's pockets'. Supporting Labour's phase out of the sale of new petrol and diesel cars by 2030, the Electric Car Grant (ECG) is the first buyers will get incentives for new EV purchases since the previous Conservative regime withdrew its Plug-In Car Grant in 2022. Although cars price at or under £37,000 are eligible, many won't make the cut for the highest available subsidy of £3,750, let alone the lower £1,500 grant allowance, if they fail to meet stringent manufacturing emissions barometers. Manufacturers have been invited to apply for the grant scheme, though it is unclear which models will be eligible. Reports have said the Department for Transport will provide a list of qualifying EVs on 11 August. This is Money is seeking confirmation from the department to verify this date. However, Chinese car makers almost certainly face the biggest difficulties qualifying, with recent reports suggesting their EVs will be banned altogether. While many Chinese manufacturers - including MG, LeapMotor and Great Wall Motors (GWM) - have already announced their own EV grants of similar discounted value to compensate, BYD says it isn't going to follow suit. Instead it's going against the grain and dismissing both the introducing of the grants and their use. 'It does not make any sense. This subsidy actually sounds like they will give some companies a benefit, but it's more like a drug. If you get rid of this, you will suffer,' Li told the FT. Alfredo Altavilla, a special advisor for BYD's European operations, also said that there's not way to prevent the success of Chinese-made cars in the long run: 'The question is, is there any European government who can afford to fight against Chinese-made cars forever? No. So what's the purpose of doing all this?' To prove a point, BYD is going full steam ahead with its expansion plans, aiming to produce cars in Hungary and Turkey and open 2,000 retail stores in Europe, 280 of which will be in the UK. Each dealership will employ around 20 people. BYD has also signed a new sponsorship deal with Italian football club Inter Milan to appear on the back of team shirts. The arrangement will see both the men's first team and its top management and coaches provided with 70 BYD vehicles. The Shenzhen-based company is building on its highly successful Euro 2024 sponsorship which helped push brand awareness in the UK from just one per cent in 2023 to 31 per cent in 2024. Li said: 'My dream is in five years, you're walking in a supermarket and everyone will know, 'oh, BYD, we know them, they're a high-tech company'. In the fourth quarter of 2024 BYD overtook Tesla as the largest EV manufacturer in the world, and as of April 2025 it also sold more pure EVs in Europe than Tesla for the first time. As such it's been called an 'overnight success' and as of March 2025 has sold a whopping 11.6 million EVs.
