Shares of Canadian electric bus maker GreenPower Motor (NASDAQ: GP) were trading higher on Friday. The company said on Thursday that it has entered into a deal to supply recreational-vehicle maker Forest River with up to 150 battery-electric chassis — and possibly, many more over time.
As of 1:30 p.m. EST, GreenPower Motor’s stock was up about 9.3% from Thursday’s closing price.
GreenPower agreed to supply Forest River with “up to” 150 so-called chassis-cab versions of its EV Star, a battery-electric shuttle bus. A chassis-cab includes the passenger cabin and front end, but the remainder of the chassis is left bare — in this case, because Forest River is going to build motorhomes on them.