- NFI Group (NFI) subsidiary New Flyer Industries has received an order from the New Jersey Transit Corporation for eight Xcelsior CHARGE NG™ transit buses
- The five-year contract includes the option to purchase up to 75 more battery-electric buses
- New Jersey Transit is America’s third-largest public transit agency
- NFI is a leader in zero-emission mobility, with electric vehicles operating in more than 80 cities in five countries
- NFI Group Inc. (NFI) opened trading at C$19.01 per share
NFI Group (NFI) subsidiary New Flyer Industries has received an order from the New Jersey Transit Corporation.
The order is for eight Xcelsior CHARGE NG™forty-foot heavy-duty transit buses with options to purchase up to 75 more battery-electric buses under a five-year contract.
New Jersey Transit is America’s third-largest public transit agency, connecting New Jersey, New York, and Philadelphia, providing nearly 270 million annual passenger trips pre-pandemic, with an active fleet of over 2,200 buses.
“With nearly 2,300 transit buses and motor coaches delivered since 2001, New Jersey Transit has relied on NFI’s advanced technology for decades. Today, we are powering its transition to clean, battery-electric mobility,” said Chris Stoddart, President, North American Bus and Coach.
“Our lighter, longer range, and fully accessible Xcelsior CHARGE NG is our most advanced EV available, and will immediately reduce greenhouse gas emissions. Ultimately, we are advancing New Jersey Transit’s clean energy goals while delivering sustainable, quieter mobility in the greater New Jersey community.”
New Flyer’s Xcelsior CHARGE NG™ battery-electric bus delivers up to 525 kWh of power and features a new lightweight electric traction drive system providing up to 90 per cent energy recovery.
NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 80 cities in five countries. NFI offers the widest range of zero-emission battery and fuel cell electric buses and coaches, and its vehicles have completed over 50 million EV service miles.
Shares of NFI Group Inc. (NFI) opened trading at C$19.01.
