(TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or
the “Company”), a leading independent bus and coach manufacturer
and a leader in electric mass mobility solutions, today announced
that the BYD UK and Alexander Dennis Limited (“ADL”) electric
vehicle partnership, the UK’s leading electric bus producer, will
deliver the UK’s largest ever electric bus order. The order has
been placed by RATP Dev London, one of Transport for London
(“TfL”)’s principal bus operators, for a total of 195 single and
double deck vehicles.
With this order, RATP Dev London confirms its
commitment to supporting TfL’s electrification plan for London’s
bus network, a key objective of the Mayor’s Transport Strategy for
2018, under which all TfL buses will be electric or hydrogen by
2037, with all of London’s transport becoming emissions free by
2037.
BYD is a global leader in batteries, energy
management and electric mobility, while ADL is a subsidiary of
leading independent global bus manufacturer NFI. BYD and ADL
combined their strengths in October 2015 to offer the best electric
buses for customers in the UK, Ireland and New Zealand. The
partnership has been a tremendous success and continues to
strengthen with plans for complete UK builds at ADL’s facilities to
start later in 2021.
In London alone, over 400 BYD ADL electric buses
have cumulatively covered over 20 million zero-emission miles, with
close to another 300 vehicles on order including this latest intake
for RATP Dev London. RATP Dev London will be the largest operator
of electric buses in London by the beginning of 2022, with close to
25% of its London United and London Sovereign fleet fully electric.
Deliveries of RATP Dev London’s latest BYD ADL fleet will begin
this summer.
Feedback from RATP Dev London on these
in-service vehicles has been very positive, with the double deck
BYD ADL Enviro400EV in particular delivering exceptional
reliability on 24-hour route operations.
Paul Davies, ADL President & Managing
Director, said: “RATP Dev London’s record order is a resounding
vote of confidence in our British-built electric buses and ADL’s
proven ability to tailor these to authorities and operators’
requirements. These buses will build on our pioneering work in
support of Transport for London’s Bus Safety Standard with a focus
on safety for drivers, passengers and other road users.”
BYD UK Managing Director, Frank Thorpe, said,
“Naturally, this is a hugely significant moment in the development
of the BYD brand in the UK. Public transport in the capital often
provides the blueprint for other towns and cities and the fact that
a major operator like RATP Dev is making such a substantial
commitment to eMobility will, I believe, resonate with Local
Authorities across the UK. The increasing electrification of routes
by TfL operators is delivering long-term productivity to their
fleets and real environmental benefits for Londoners.”
NFI is a leader in zero-emission mobility, with
electric vehicles operating (or on order) in more than 80 cities in
four countries. NFI offers the widest range of zero-emission
battery and fuel cell electric buses and coaches, and the Company’s
vehicles have completed over 40 million EV service miles. Today,
NFI supports growing North American cities with scalable, clean,
and sustainable mobility solutions through a four-pillar approach
that includes buses and coaches, technology, infrastructure, and
workforce development. It also operates the VIC, the first and only
innovation lab of its kind dedicated to advancing bus and coach
technology and providing workforce development. Since opening late
2017, the VIC has hosted over 300 interactive events, welcoming
3,000 industry professionals for EV and infrastructure training.
For more information, visit newflyer.com/VIC.
About NFI
Leveraging 450 years of combined experience, NFI
is leading the electrification of mass mobility around the world.
With zero-emission buses and coaches, infrastructure, and
technology, NFI meets today’s urban demands for scalable smart
mobility solutions. Together, NFI is enabling more livable cities
through connected, clean, and sustainable transportation.
With 8,000 team members in ten countries, NFI is
a leading global bus manufacturer of mass mobility solutions under
the brands New Flyer® (heavy-duty transit buses), MCI® (motor
coaches), Alexander Dennis Limited (single and double-deck buses),
Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty
buses), and NFI Parts™. NFI currently offers the widest range of
sustainable drive systems available, including zero-emission
electric (trolley, battery, and fuel cell), natural gas, electric
hybrid, and clean diesel. In total, NFI supports its installed base
of over 105,000 buses and coaches around the world. NFI common
shares are traded on the Toronto Stock Exchange under the symbol
NFI. News and information is available at www.nfigroup.com,
www.newflyer.com, www.mcicoach.com, www.arbocsv.com,
www.alexander-dennis.com, and www.nfi.parts.
About Alexander Dennis
Alexander Dennis Limited (“ADL”) is a global
leader in the design and manufacture of double deck buses and is
also the UK’s largest bus and coach manufacturer. ADL offers single
and double deck vehicles under the brands of Alexander Dennis and
Plaxton, and has over 31,000 vehicles in service in the UK, Europe,
Hong Kong, Singapore, New Zealand, Mexico, Canada and the United
States. Further information is available at
www.alexander-dennis.com.
Forward-Looking Statements
This press release may contain forward-looking
statements relating to expected future events and financial and
operating results of NFI that involve risks and uncertainties.
Although the forward-looking statements contained in this press
release are based upon what management believes to be reasonable
assumptions, investors cannot be assured that actual results will
be consistent with these forward-looking statements, and the
differences may be material. Actual results may differ materially
from management expectations as projected in such forward-looking
statements for a variety of reasons, including market and general
economic conditions and economic conditions of and funding
availability for customers to purchase buses and to purchase parts
or services, customers may not exercise options to purchase
additional buses, the ability of customers to suspend or terminate
contracts for convenience and the other risks and uncertainties
discussed in the materials filed with the Canadian securities
regulatory authorities and available on SEDAR at www.sedar.com. Due
to the potential impact of these factors, NFI disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless required by applicable law.
For ADL media inquiries, please
contact:Jacqueline Anderson+44 7796 715
607Jacqueline.Anderson@alexander-dennis.com
For investor inquiries, please contact:Stephen
KingP: 204.224.6382Stephen.King@nfigroup.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/74ffacdd-02a4-4a39-858a-2fa7e509b863
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