Poised to meet strong demand from logistics companies responding to surging transport and delivery needs
Los Angeles, California – May 19, 2020 — GreenPower Motor Company Inc. (TSX-V: GPV) (OTCQB: GPVRF) (“GreenPower”) a leading designer, manufacturer and distributor of a diverse line of electric powered medium and heavy duty vehicles serving the cargo and delivery, transit, shuttle, tourist and school sectors today announced the launch of its new EV Star CC Model.
The EV Star CC is a purpose built, battery electric, multi utility cab and chassis that can be used by cargo and delivery companies who wish to use their body design while transitioning to a zero emissions fleet. The 25′ chassis has a payload of up to 6,000lbs and can be configured with a range of options including a lift gate, wireless charging, and autonomous capabilities. This approach allows operators to buy a “future proof” blank canvas with maximum flexibility and configuration options.
Brendan Riley, President of GreenPower commented, “This is an incredibly exciting product launch for GreenPower and the potential is unparalleled. While this initiative has been in place for more than a year, we certainly find ourselves in the right spot at the right time as we roll out our new EV Star CC. Given the change in consumer needs where goods delivery is now ubiquitous, demand is exceptionally strong for cargo and delivery vehicles that are environmentally friendly. The EV Star CC represents an especially large market opportunity over the immediate and near term given our ability to build produce and deliver these units in large quantities. As the only purpose built, all electric cab and chassis on the market, GreenPower is ideally positioned to meet these urgent needs of our customers.”
The all-electric zero emission EV Star Platform can be used for multiple applications: It is used for a 25- foot bus that seats up to 19 passengers, a Plus version that seats up to 24 passengers, a cargo/delivery van and the CC bare chassis. All EV Stars have an industry best 118kWh battery pack with an operational range of up to 150 miles coming with a standard J1772 level 2 and CCS DC level 3 fast combo charge system, allowing for optimal flexibility in route planning for any duty cycle.
For further information contact
GreenPower Motor Company Inc.
Brendan Riley
President
(510) 910-3377
Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530
Mike Cole
GreenPower Investor Relations
(949) 444-1341
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, a cargo van and a double decker. GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions. GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. 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. 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”, “potential”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, “prospective” 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 such as the belief that demand is exceptionally strong for environmentally friendly cargo and delivery vehicles; the exceptionally large market opportunity for the EV Star CC over the immediate and near term; GreenPower’s ability to build units relatively quickly in larger volumes to meet the urgent needs of our customers; the unparalleled potential of the ERV Star CC product launch. 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.
