GreenPower Motor shares surge 38.32% intraday after New Mexico EV plant with $14.6M incentives and $10M financing.

Greenpower Motor Company Inc. surged 38.32% intraday following announcements of a $14.6 million incentive package from New Mexico for its Santa Teresa EV manufacturing facility, expected to create 340 jobs and commence operations in Q1 2026. The company also secured $10 million in financing and a $18 million facility to accelerate production of electric school buses, alongside recognizing $6.8 million in retained deposits as revenue. These developments, coupled with strategic benefits from the Foreign Trade Zone designation and delisting from the TSX Venture Exchange, signaled significant operational expansion and financial restructuring, driving bullish sentiment amid the stock’s volatile performance.