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NFI Group’s (TSX:NFI) electric vehicle partnership with BYD UK achieves major milestone

Transport
TSX:NFI
20 May 2021 16:30 (EDT)
NFI Group Inc. - CEO, Paul Soubry Jr.

Source: Economic Development Winnipeg

NFI Group has delivered its 500th electric bus.

The milestone in its partnership with BYD UK and Alexander Dennis Limited (ADL), positions NFI for the future, with an additional 500 electric vehicle buses on order across the United Kingdom over the next year.

The 500th vehicle, a zero-emission Enviro400 double deck bus, joined the fleet of the partnership’s original customer, Go-Ahead London, in a testament to the UK’s leadership in zero-emission vehicle adoption.

Go-Ahead London has worked closely with the BYD ADL partnership since its inception, becoming its launch customer in 2016 and continuing to support product development with its operational experience.

Paul Soubry, President and CEO of NFI, commented,

“The milestone of 500 electric buses delivered is an exciting one, for NFI, for the BYD ADL partnership, and for the UK. It’s very fitting that our 500th bus be delivered to Go-Ahead, as they are a driving force in the UK’s adoption of zero-emission transit and have been supporting our partnership since the beginning.

“The world of transportation is changing,” he added, “and NFI continues to lead the evolution to electrification in the UK and around the world through a focus on delivering the highest quality products and working with industry leading partners.”

NFI is leading the global electrification of mass mobility, operating in more than 80 cities in four countries that have completed over 40 million electric service miles.

The company is testing automated vehicle technology and remains committed to the development of technology standards that deliver safe, clean, sustainable, connected mobility options to communities.

NFI Group Inc. (NFI) is up 0.12 per cent on the day and closed trading at $25.36 per share.

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