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NFI Group Expands Electrification Efforts with New Bus Orders

NFI Group Expands Electrification Efforts with New Bus Orders

NFI Group Secures Maryland Transit Administration Contracts

ST. CLOUD, Minn. — NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB), a frontrunner in propulsion-agnostic bus solutions, has achieved a significant milestone. Their subsidiary, New Flyer of America Inc., announced a new firm order from the Maryland Transit Administration (MTA) for a collective total of 117 buses. This impressive order translates to 127 equivalent units (EUs), showcasing NFI's commitment to sustainable transit solutions.

Details of the New Orders

The MTA's new award includes a diverse roster of buses designed to meet the increasing demand for eco-friendly public transportation. Among the new orders are 50 Xcelsior 40-foot hybrid-electric buses and an additional 20 Xcelsior CHARGE NG 40-foot battery-electric buses, all awarded in the previous quarter. Furthermore, the orders also encompass an additional 37 Xcelsior 40-foot hybrid-electric buses and 10 Xcelsior CHARGE NG 60-foot battery-electric buses as part of their ongoing efforts.

Enhancing Sustainable Solutions

These contracts further emphasize New Flyer’s critical role in providing effective, sustainable transit options across North America. Chris Stoddart, President of North American Bus and Coach at NFI, expressed pride in the longstanding partnership with the MTA, noting, “NFI and its subsidiaries have supplied over 1,200 buses to the agency over the years.” He highlighted how the integration of hybrid and battery-electric buses paves the way for significantly lowering emissions while ensuring a smooth transition to more sustainable transit solutions.

The Impact of MTA on Local Transport

The Maryland Transit Administration is integral to managing various transportation options within the metropolitan Baltimore area. It oversees and supports local transit systems throughout Maryland, achieving over 75 million passenger trips each year. Their function is pivotal in ensuring reliable public transport, a key component of Maryland’s infrastructure.

NFI’s Leadership in Zero-Emission Mobility

NFI is committed to revolutionizing urban mobility with its focus on zero-emission vehicles. It currently operates in over 150 cities across six countries, emphasizing its dedication to advancing electric buses and coaches. With more than 240 million service miles completed by electric vehicles, NFI remains a leader in offering diverse options, including battery and fuel cell-electric buses.

About NFI Group

With a legacy of combined experience spanning 450 years, NFI continues to spearhead the electrification of mass mobility globally. The company’s innovative approach addresses today’s urban mobility challenges through zero-emission buses, infrastructure solutions, and cutting-edge technology. By promoting cleaner, connected transportation, NFI strives to contribute to the creation of more livable cities.

Expanding Global Presence

With a robust workforce of over 9,000 employees across ten countries, NFI stands as a leading manufacturer of mass mobility solutions. The company’s brands include New Flyer for heavy-duty buses, MCI for motor coaches, and several others, showcasing its extensive range of sustainable drive systems.

Frequently Asked Questions

What types of buses did NFI Group secure orders for?

NFI Group secured orders for hybrid-electric and battery-electric buses from the Maryland Transit Administration.

How many buses are included in the recent orders?

The recent orders comprise a total of 117 buses, translating to 127 equivalent units.

What is the role of the Maryland Transit Administration?

The Maryland Transit Administration manages various transportation services within the Baltimore metropolitan area, providing crucial support to transit systems statewide.

How does NFI Group contribute to zero-emission mobility?

NFI Group is committed to advancing zero-emission mobility by offering electric buses and infrastructure solutions around the globe.

What is the experience of NFI Group in the bus manufacturing industry?

NFI Group boasts a combined experience of over 450 years in the bus manufacturing and mobility solutions sector, positioning it as a leader in the industry.

About The Author

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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.

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