Nova Bus continues to invest in its growth, innovation and technology with the support of the Government of Canada

MONTREAL, June 8, 2021 /CNW Telbec/ - Nova Bus, a division of the Volvo Group and a leading North American transit bus manufacturer, is pleased to announce further investments into its journey towards electromobility, modernization of its manufacturing facilities and processes. In support of this Transformation Project, the Government of Canada will, through the Strategic Innovation Fund, make a financial contribution of $15 million toward a total investment of $184.8 million.

The investment includes the upgrade of the company's Québec manufacturing facilities in Saint-Eustache and Saint-François-du-Lac and the introduction of innovative energy-efficient processes and digital technologies to increase operational efficiency. In addition, this will strengthen the company's research and development abilities towards zero emission transit buses. The Government of Canada's contribution will support Nova Bus' Transformation Project and electrification strategy, which began in 2017. The plant modernization phase began in the fall of 2020 with the expansion of the Saint-François-du-Lac facility and the addition of manufacturing capability in the Saint-Eustache area.

"As we continue to safely restart our economy, it is important to do so in a strategic way and with a long-term vision. One of the ways to achieve this is by helping Canada and businesses here at home become world leaders in green transportation manufacturing. Nova Bus is a vital part of this journey toward electrification and a future marked by sustainable growth, dependable jobs and global leadership. Our government will continue to support businesses to ensure they can participate in the efforts toward a clean growth economy, including by investing in sustainable public transit and zero-emission vehicles."

– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

"We are very proud to partner with the Canadian government in order to contribute to the innovative zero-emission vehicle manufacturing sector and help Canada to achieve its sustainability and greener economy targets" said Martin Lundstedt, CEO of the Volvo Group.

"We are thrilled to continue to invest in the modernization of our facilities and to integrate new technological processes to produce buses that meet the needs of our customers and transit users," said Ralph Acs, Senior Vice President, Region North America for Volvo Buses and President of Nova Bus.

About Nova Bus
Nova Bus is a leading provider of sustainable transportation solutions in North America. Its portfolio includes electric buses and hybrid buses, high-capacity vehicles and integrated intelligent transport systems. As part of its Electro Mobility strategy, Nova Bus is moving forward with the electrification of key vehicle components to reduce fuel consumption and emissions. Nova Bus is part of the Volvo Group.

For more information regarding Nova Bus products and services, please visit www.novabus.com

SOURCE Nova Bus