Why Invest

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


Learn more about NFI

Data Provided by Refinitiv. Minimum 15 minutes delayed.

450+

years of bus and coach experience

50+

years of electric bus experience

65+

million electric service miles since 2015

280+

electric chargers installed

105,000

vehicles in service

2,234

ZEBs delivered since 2015

13

countries with NFI buses in service

80+

cities with an NFI ZEB in service or on order

~8,000

annual ZEB production capacity

Investment Thesis

Attractive Core Markets

    • Market share leader in North American heavy-duty transit buses and motor coaches, 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


    • Unprecedented 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 $400M to $450M and ~40% of production coming from zero-emission buses

       
    • Revenue CAGR of 16%+ from 2021 - 2025

       
    • NFI Forward initiative driving annual cost savings of $67M

       
    • Quarterly dividends paid consistently since 2012

       

Letter to Shareholders 

Paul Soubry
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
NFI New Flyer Xcelsior CHARGE NG 3.jpg

The Industry’s Widest Range of ZEBs

30- & 35-foot

Medium-Duty, Low-Floor Electric

Our-ZEB-Line-Up-Slide-10
35-foot

Battery-Electric

Our-ZEB-Line-Up-Slide-1
40-foot

Battery-Electric

Our-ZEB-Line-Up-Slide-3
40-foot

Fuel Cell-Electric

Our-ZEB-Line-Up-Slide-4
60-foot

Battery-Electric

Our-ZEB-Line-Up-Slide-7
60-foot

Fuel Cell-Electric

Our-ZEB-Line-Up-Slide-8
Single-Deck

Battery-Electric

Our-ZEB-Line-Up-Slide-2
Double-Deck

Battery-Electric

Our-ZEB-Line-Up-Slide-11
Double-Deck

Fuel Cell-Electric

Our-ZEB-Line-Up-Slide-9
Motor Coach

Battery-Electric

Our-ZEB-Line-Up-Slide-5
Motor Coach

Battery-Electric Low-Entry

Our-ZEB-Line-Up-Slide-6

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
  • Motor coaches
  • Low-floor cutaway
  • Medium-duty buses