GreenPower Motor (TSE:GPV) has released an update.
GreenPower Motor Company Inc. has reported fiscal year 2024 revenues of $39.3 million, despite challenges in the electric vehicle sector and a strategic shift towards production driven by customer orders. The company has expanded its manufacturing facilities and made significant investments, notably in the first deliveries of all-electric school buses from its new West Virginia plant and the development of new truck body designs to target new markets. Successes include a four-fold increase in school bus sales, with a varied lineup of zero-emission vehicles delivered, and expansion into new geographical markets through its dealer network.
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