GreenPower Shares Trading Near 52-Week Highs On Electric eBus Orders
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GreenPower Shares Trading Near 52-Week Highs On Electric eBus Orders

By: Tomas Ronolski - News

Tuesday, June 12, 2018

Shares of GreenPower Motor Company Inc. (TSX-Venture:GPV) (OTCQX:GPVRF) are perking higher on news that the company received an order for two EV Star All-Electric Min–eBuses from the University of California San Francisco, San Francisco’s second-largest employer.

The EV Star is an all–electric, emissions–free, 25-foot bus that seats up to 19 people, with an operational range of 125 – 200 miles on one charge and a lifetime of over 20 years.  The EV Star can also be configured to accommodate wheelchairs or mobility aids.  GreenPower has ten EV Stars well into production, which are expected to be completed this summer.

Commenting on the purchase order, Brendan Riley, President of GreenPower alluded to the fact that the Company has the opportunity for additional sales of EV Stars to UC San Francisco and other Universities in North America later this year, something that may have also buoyed the stock in today’s trading. At last check, shares of GPV are up 2.9% or $0.02 at $0.71 in late-afternoon trading as shares continue to trade around their 52-week high of $0.80 printed on June 7th.

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