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Stock impact report

Electric vehicle manufacturer selects New Mexico for new manufacturing facility, US headquarters [Yahoo! Finance]

GreenPower Motor Company Inc. - Common Shares (GP) 
Company Research Source: Yahoo! Finance
Legislative Finance Committee shares $11.1B budget recommendation As part of the company's agreement to expand to Santa Teresa in southern New Mexico, the company will receive a combined near $15 million in incentives and tax credits from New Mexico and will provide dealer-level vehicle pricing to the state, the New Mexico Economic Development Department announced Thursday. “Establishing GreenPower's new manufacturing facility in Santa Teresa marks a significant milestone in our expansion and commitment to safe, sensible, sustainable transportation solutions,” said Fraser Atkinson, CEO of GreenPower, in a news release. “This strategic move leverages the region's highly skilled and dedicated workforce, which has long been recognized as a key driver of economic growth and innovation in southern New Mexico.” GreenPower Motor Company is headquartered in Vancouver, Canada, with current operational facilities in southern California and West Virginia. The new 135,000 sq. ft. facility Show less Read more
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