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GreenPower Motor ( (GP) ) has provided an announcement.
On January 9, 2026, GreenPower Motor Company announced plans to open a new manufacturing facility in Santa Teresa, New Mexico, drawn by the state’s expanding electric vehicle ecosystem, the region’s Foreign Trade Zone designation and a package of state-level financial incentives. New Mexico has committed a total of $14.6 million in support, including a $5 million Local Economic Development Act award, $4.6 million in job training incentive funds, and additional high-wage and rural jobs tax credits, which together are expected to underpin GreenPower’s capital, assembly and distribution strategy in the U.S. Southwest. The Santa Teresa Borderplex’s role as a fast-growing trade and manufacturing hub, with strong rail and cross-border logistics links, is expected to help the company streamline imports and exports and reduce tariff-related risk, while the planned facility—where operations are anticipated to begin in the first quarter of 2026 and plant possession is set for June 1, 2026—positions GreenPower to benefit from New Mexico’s aggressive zero-emission vehicle policies and large-scale fleet electrification initiatives in state, transit and school bus fleets.
The most recent analyst rating on (GP) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the GP Stock Forecast page.
More about GreenPower Motor
GreenPower Motor Company Inc., listed on Nasdaq under the symbol GP, is a manufacturer and distributor of purpose-built, all‑electric, zero‑emission medium- and heavy-duty vehicles, including transit and school buses, shuttles, cargo vans, and cab-and-chassis platforms. The company uses clean-sheet designs tailored for battery-electric drivetrains and sources key components from global suppliers, targeting the cargo and delivery market, shuttle and transit operators, and the school bus sector across North America.
Average Trading Volume: 87,845
Technical Sentiment Signal: Sell
Current Market Cap: $2.34M
Find detailed analytics on GP stock on TipRanks’ Stock Analysis page.