NFI Group Secures Major Contract for New Electric Buses

NFI Group's New Electric Bus Order in Ottawa

WINNIPEG, Manitoba — NFI Group Inc. (NFI), a prominent player in sustainable mass mobility solutions, announced a substantial order from OC Transpo for 124 Xcelsior CHARGE NG™ 40-foot battery-electric transit buses. This exciting development underscores the ongoing commitment of OC Transpo to fleet electrification and environmentally-friendly transportation methods.

Commitment to Electric Transit Solutions

Chris Stoddart, President of North American Bus and Coach at NFI, expressed enthusiasm regarding the development, saying, "With over 1,100 New Flyer buses delivered to OC Transpo over the years, we're proud to contribute to shaping the future of public transit in Canada's capital. This order not only signifies continued trust in our products but also highlights our dedication to timely delivery, ensuring transit riders can enjoy this new fleet come 2026."

Expanding the Fleet

This recent order adds to OC Transpo's initial acquisition of 51 Xcelsior CHARGE NG buses from late 2023, bringing their total investment in New Flyer’s electric bus platform to 175 vehicles. Funding for these buses includes local investments and federal support from the Canada Infrastructure Bank along with the Zero Emission Transit Fund (ZETF) from Housing, Infrastructure and Communities Canada.

Impact on Public Transportation

The introduction of these electric buses is a critical step towards delivering cleaner, quieter, and more efficient public transportation options for riders across the National Capital Region. OC Transpo's network is vital in connecting the communities of Ottawa and Gatineau, enhancing transportation for residents and visitors alike.

NFI's Global Leadership in Mobility Solutions

NFI leads the charge in mass mobility electrification globally, leveraging 450 years of combined experience in the industry. With a workforce of nearly 9,000 in ten countries, NFI supports a diverse portfolio of brands including New Flyer (heavy-duty buses), MCI (motorcoaches), and ARBOC (low-floor buses). Their commitment to sustainable solutions is evident as they currently support over 100,000 buses and coaches worldwide.

Leading the Electric Revolution

The diverse range of sustainable drive systems offered by NFI includes zero-emission electric (trolley, battery, fuel cell), natural gas, electric hybrid, and clean diesel solutions. As urban needs evolve, NFI's innovative approaches to mass mobility make them a leader in the transportation sector.

About New Flyer

New Flyer is recognized as North America’s leader in heavy-duty transit buses, offering an advanced product line under the Xcelsior and Xcelsior CHARGE brands. They are also committed to developing infrastructure solutions dedicated to safe, sustainable, and reliable charging and mobility systems, supporting over 35,000 heavy-duty transit buses currently in operation.

Frequently Asked Questions

1. What is the significance of the recent bus order by NFI Group?

The order for 124 electric buses represents a continued investment in sustainable public transit by OC Transpo, emphasizing electrification and environmental responsibility.

2. How many total buses has OC Transpo ordered from New Flyer?

With this latest order, OC Transpo has now ordered a total of 175 Xcelsior CHARGE NG buses from New Flyer.

3. What funding supports the acquisition of these buses?

The purchase is funded through a combination of local investment and federal assistance from the Canada Infrastructure Bank and the Zero Emission Transit Fund.

4. What role does NFI Group play in sustainable transportation?

NFI Group is a leading manufacturer providing a wide range of sustainable mobility solutions, including zero-emission and hybrid vehicles, serving communities globally.

5. How does NFI support its bus systems?

NFI supports an installed base of over 100,000 buses and coaches worldwide with a commitment to innovative solutions that enhance urban mobility and reduce environmental impact.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.