Greenpower Motor shares surge 15.14% intraday after expanding EV lineup with new EV Star model to meet rising demand.

Greenpower Motor surged 15.14% intraday after announcing the launch of its EV Star, a 150-mile-range, 20-passenger electric vehicle designed for public transit. The expansion underscores the company’s focus on meeting rising demand for sustainable transportation and strengthening EV infrastructure through manufacturing investments and partnerships. This development aligns with global trends toward electrification and positions Greenpower as a key player in the transition to zero-emission transit solutions. The news directly counters recent bearish sentiment, as the product launch signals operational progress and market expansion, contrasting with prior reports of financial strain. The intraday rally reflects investor optimism about the company’s ability to capitalize on growing demand for electric public transportation.