- NFI Group (NFI) subsidiary Alexander Dennis Limited (ADL) and BYD UK jointly announced an order from Zenobē and National Express
- The order is for 130 BYD ADL Enviro400EV double deck electric buses, parts and operational support
- The project will be financed primarily through the partnership between Zenobē and National Express
- NFI Group is focused on the electrification of mass mobility with electric vehicles operating or on order in more than 80 cities in five countries
- Shares of NFI Group opened trading at C$19.68
NFI Group (NFI) subsidiary Alexander Dennis Limited (ADL) and BYD UK jointly announced an order from Zenobē and National Express.
The deal will see over 130 BYD ADL Enviro400EV double deck electric buses, manufactured in Britain by ADL in partnership with BYD, enter service in Coventry in early 2023 as a part of the city’s bid to replace 300 diesel vehicles by 2025.
Zenobē will be providing Electric Transportation as a Service (ETaaS) to National Express, financing and managing the full turnkey solution that includes new BYD ADL vehicles, on-board battery replacement, charging and grid infrastructure, a second-life battery system at the depot, unique software to optimize charging, parts, and full operational support.
As part of the agreement, ADL will supply Zenobē and National Express with spare parts for planned preventive maintenance (“PPM”) over a period of 16 years.
The project will be financed partly through the partnership between Zenobē and National Express, with investment also coming from the £50 million grant from the Department of Transport, awarded to the West Midlands Combined Authority for Coventry’s all-electric bus city initiative.
“As the UK’s leading provider of electric buses, we are delighted to be part of this ETaaS deal with partners Zenobē and National Express,” said Paul Davies, President and Managing Director, ADL.
“This innovative model brings together government funding and business innovation to deliver an affordable way of rolling out zero-emission bus fleets at scale. The country will further benefit from the choice of 130 British-built vehicles that ensure money is reinvested into the manufacturing sector and local communities, where they support skilled jobs and apprenticeships at our own facilities, as well as in our extensive supply chain.”
NFI Group is focused on the electrification of mass mobility with electric vehicles operating or on order in more than 80 cities in five countries.
Shares of NFI Group opened trading at C$19.68.