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NFI (TSX:NFI) confirms BVG order for 198 ADL Enviro500 double deck buses for Berlin

Transport
TSX:NFI
05 April 2021 11:30 (EDT)

NFI Group Inc (NFI) announced that Berliner Verkehrsbetriebe had exercised options for 198 Enviro500 double-deck buses.

The buses are to be delivered to the German capital by the end of 2022.

Alexander Dennis Limited, an NFI subsidiary, will build these buses in its factories in the United Kingdom.

NFI delivered the first two Enviro500 double-deck buses to BVG in October 2020 as part of a multi-year framework contract signed in 2018.

Following the successful completion of a testing programme with this initial pair of vehicles, BVG’s supervisory board approved the conversion of options for another 198 buses into firm orders, taking the fleet to 200.

Options for an additional 230 Enviro500 double-deck buses remain in the contract.

“This is a testament to the incredible efforts of our ADL team. They can expand into new markets and deliver for customers in multiple jurisdictions through their ability to execute on highly complex product development projects,” said Paul Soubry, President & Chief Executive Officer, NFI.

“We are extremely proud to support a world-class operator in BVG and take a significant step in NFI’s global growth strategy,” added Soubry.

Production of all 198 units will occur at ADL’s facilities in the United Kingdom, with the Scarborough site in Yorkshire to lead the final assembly.

Once delivered, they will be supported locally by an experienced team operating out of ADL’s recently opened Berlin office, service workshop and parts warehouse.

NFI is a leader and innovator in zero-emission mobility.

NFI battery-electric and fuel-cell electric vehicles are in more than 80 cities in four countries and have completed over 20 million electric service miles.

NFI has the broadest offering of electric vehicles, including medium- and heavy-duty transit buses, motor coaches and double-deck buses.

NFI subsidiary ADL is the UK’s largest bus manufacturer and continues to lead the evolution to zero-emission mobility with sustainable single-deck buses, double-deck buses, and coaches.

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world.

With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions.

Together, NFI is trying to help more livable cities through connected, clean, and sustainable transportation.

With 8000 team members in ten countries, NFI is a global bus manufacturer of mass mobility solutions under the brands.

NFI Group Inc. (NFI) is down 0.69 per cent and is trading at C$28.79 at 11:08 am ET.

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