LOS
ANGELES, Aug. 3, 2022 /PRNewswire/ -- GreenPower
Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a
leading manufacturer and distributor of zero-emission,
electric-powered, medium and heavy-duty vehicles, today announced
the delivery of the first tranche of EV Star Cab and Chassis (EV
Star CC) to Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse")
for the Production of Workhorse's New Class 4 W750 Step Van
Line.
On March 1st, 2022
GreenPower and Workhouse announced a multi-year supply agreement to
facilitate the manufacturing and delivery of medium-duty Class 4
step vans into the North American market. Under the terms of the
agreement, the companies committed to a 21-month schedule during
which GreenPower will deliver 1,500 EV Star cab and chassis to
Workhorse starting in July 2022
through to March 2024. The chassis
are to be used in the production of Workhorse's new Class 4 W750
step van line, which is slated to enter production later this year.
The W750 will feature up to 150 miles of all-electric range, with a
payload capacity of 5,000 lbs., as well as standard 60 kW DC
fast-charging and optional 60 kW wireless-charging
capabilities.
"We have been collaborating with Workhorse for nearly a year on
the co-development of zero-emission commercial vehicles with the
integration of our EV Star CC for Workhorse's W750," said
Brendan Riley, President of
GreenPower. "Today's announcement is a strategic milestone for both
companies against our shared commitment of building safe, reliable
commercial EVs. Our third quarter deliveries are well underway,
with the first eight EV Star CCs delivered to Workhorse in July and
another shipment of eight being delivered in early August. We look
forward to rapidly scaling up deliveries over the next few quarters
to support Workhorse's production requirements to meet customer
demand."
Workhorse will complete the manufacturing process and deliver
finished step vans to its customers in the United States and Canada. The agreement includes deposits based
on delivery thresholds and also contains a renewal option.
GreenPower's EV Star Cab and Chassis is a
purpose-built multi-utility zero-emissions vehicle with a battery
pack of 118 kWh providing a payload of 7,000 pounds and a range of
150 miles. GreenPower's EV Star Cab and Chassis accommodates a wide
variety of mid and last-mile delivery needs while maintaining the
benefits of being a zero-emission vehicle.
Workhorse has the exclusive rights in the U.S. and Canada to sell Class 4 step vans based on the
GreenPower-supplied base vehicle. The finished Class 4 step vans
will be available under the Workhorse brand with Workhorse
after-sales and support service.
Media and Investor Contacts:
Fraser Atkinson, CEO
(604) 220-8048
Brendan Riley, President
(510) 910-3377
Mike Cole, IR
(949) 444-1341
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
allie@skyya.com
About GreenPower Motor
Company
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. © 2022 GreenPower Motor Company Inc. All
rights reserved.
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SOURCE GreenPower Motor Company