NFI subsidiary New Flyer awarded two contracts from New York for up to 2,090 Xcelsior® transit buses
ST. CLOUD, Minn., March 11, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (New Flyer), a subsidiary of NFI Group Inc. (NFI) and North America’s leading manufacturer of heavy-duty transit buses, today announced that it has been awarded two new contracts from the New York City Transit Authority (NYCT) including firm orders for 429 Xcelsior® buses (671 equivalent units or EUs) with options to purchase up to 1,661 additional buses (2,379 EUs) over the next five years.
- The battery-electric vehicles manufactured under these contracts will support MTA’s goal of transitioning the agency’s entire bus fleet to zero-emission alternatives by 2040.
- NYCT’s battery-electric vehicle purchase was supported through the Federal Transit Administration (FTA) Low or No Emission (Low-No) grant program.
- The EUs from these two contracts were previously included in bid award pending and now move into NFI’s backlog.
- Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.