LithiumBank Resources

NFI Group ($NFYEF) Receives Order for 41 Transit Buses from San Diego Metropolitan Transit System

30 November 2022

NFI Group (OTCMKTS: NFYEF) has received a new order for 41 transit buses from the San Diego Metropolitan Transit System. The order also has the option for up to an additional 432 buses, which In total, would add 617 units to the company’s backlog.

The new order from the San Diego MTS includes 28 Xcelsior compressed natural gas forty-foot heavy duty transit buses, and 13 Xcelsior CHARGE NG battery electric forty-foot heavy duty transit buses.

Supported by the Federal Transit Administration, the new order will help the MTS meet its goal of transitioning to a zero-emission fleet, which is outlined in its multi-year “Zero-Emission Bus Rollout Plan”. Additionally, the purchase order will deliver on the California Air Resources Board’s Innovative Clean Transit regulation, requiring agencies to transition to 100% zero-emission bus fleets by 2040.

Chris Stoddart, President, North American Bus and Coach, NFI stated: “The electrification of mass mobility is gaining momentum now, and NFI stands at the forefront of this evolution with its market-leading sustainable mobility solutions.”

NFI Group is a leading zero-emission mobility provider with electric vehicles operating in more than six countries. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions.

Shares of NFI Group trade on the OTCMKTS under the ticker symbol NFYEF.

 

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