Why Invest

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450+

years of bus and coach experience

50+

years of electric bus experience

220+

million electric service miles since 2015

540+

electric chargers delivered since 2018

100,000

vehicles in service

4,331

ZEB EUs delivered since 2015

13

countries with NFI buses in service

150+

cities with an NFI ZEB in service or on order

~8,000

annual ZEB production capacity

Attractive Core Markets

- Market share leader in North American heavy-duty transit buses and motorcoaches, market leader in United Kingdom transit, and world leader in double-deck buses
- North American leader in low-floor cutaway and medium-duty shuttle buses, and in bus and coach parts and aftermarket support and service
- High levels of government support fueling the transition to zero-emission and vehicle procurements
- Industry making the shift to zero-emission transportation, where NFI has significant expertise and manufacturing capacity

Competitive Advantages

- Decades of investment, innovation and product development, with a culture of innovation and disruption
- Largest manufacturing capacity with the ability to manufacture over 9,000 vehicles annually, of which 8,000 can be battery- or fuel cell-electric
- Deep customer relationships forged through decades of performance and reliability
- Unparalleled aftermarket, warranty and service
- Full suite of mobility solutions, including vehicles, infrastructure, smart connected technology, diagnostics, and aftermarket, warranty and service

Compelling Financial Profile

- 2025 Growth Targets with Adjusted EBITDA of >$350M and ~40% of production coming from zero-emission buses
- Volume driven recovery strengthened by historic funding environment

Letter to Shareholders

NFI has successfully transitioned from a vehicle manufacturer to an electric mobility solutions provider, with an offering that includes zero-emission buses and coaches, charging infrastructure, telematics, and parts and service. This approach best positions us to serve our customers and drive growth as we lead the evolution, or ZEvolution, to an electric future.

Decades of strengthening our core competencies—including scalable customized manufacturing, unparalleled service and support, technology innovation, and workforce development—have established NFI as a leader in the EV market and will drive future growth.

Sincerely,
Paul Soubry
President & Chief Executive Officer

The Industry’s Widest Range of ZEBs

35-foot

Battery-Electric

40-foot

Battery-Electric

60-foot

Battery-Electric

40-foot

Fuel Cell-Electric

60-foot

Fuel Cell-Electric

Single-Deck

Battery-Electric

Double-Deck

Battery-Electric

Double-Deck

Fuel Cell-Electric

Motorcoach

Battery-Electric

Motorcoach

Battery-Electric Low-Entry

NFI has the largest ZEB production capacity in North America and the UK

with 3,500,000+ square ft of production space, 14 ZEB-capable production facilities, and the ability to produce up to approximately 8,000 equivalent units (EUs) per year.

Product Types

Heavy-duty transit buses
Single deck buses
Double-deck buses
Articulated buses
Motorcoaches
Low-floor cutaway
Medium-duty buses

NFI is leading the ZEvolution: the evolution to global zero-emission and electric mobility

450+

50+

220+

540+

100,000

4,331

13

150+

~8,000

Attractive Core Markets

Market share leader in North American heavy-duty transit buses and motorcoaches, market leader in United Kingdom transit, and world leader in double-deck buses

North American leader in low-floor cutaway and medium-duty shuttle buses, and in bus and coach parts and aftermarket support and service

High levels of government support fueling the transition to zero-emission and vehicle procurements

Industry making the shift to zero-emission transportation, where NFI has significant expertise and manufacturing capacity

Competitive Advantages

Decades of investment, innovation and product development, with a culture of innovation and disruption

Largest manufacturing capacity with the ability to manufacture over 9,000 vehicles annually, of which 8,000 can be battery- or fuel cell-electric

Deep customer relationships forged through decades of performance and reliability

Unparalleled aftermarket, warranty and service

Full suite of mobility solutions, including vehicles, infrastructure, smart connected technology, diagnostics, and aftermarket, warranty and service

Compelling Financial Profile

2025 Growth Targets with Adjusted EBITDA of >$350M and ~40% of production coming from zero-emission buses

Volume driven recovery strengthened by historic funding environment

Letter to Shareholders

The Industry’s Widest Range of ZEBs

NFI has the largest ZEB production capacity in North America and the UK

with 3,500,000+ square ft of production space, 14 ZEB-capable production facilities, and the ability to produce up to approximately 8,000 equivalent units (EUs) per year.

Product Types

Press Releases

Washington Metropolitan Area Transit Authority awards contract to NFI subsidiary New Flyer for up to 500 low- and zero-emission Xcelsior® buses

NFI schedules fourth quarter and full year 2024 financial results

First Enviro100AEV autonomous electric bus for Cambridge Connector unveiled from NFI subsidiary Alexander Dennis

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