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HEULIEZ BUS wins major order for new electric citybus range from Norwegian transport operator.

M2 EQUITYBITES-October 18, 2017-HEULIEZ BUS wins major order for new electric citybus range from Norwegian transport operator

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CNH Industrial N.V. (NYSE: CNHI) (MI: CNHI) announced on Wednesday that HEULIEZ BUS, its European bus brand, has received an order for its new electric citybus range.

The company said TIDE BUSS, a Norwegian transport operator, has ordered 10 GX 437 ELEC models to operate in the city of Trondheim. These electric buses are expected to be delivered in the second quarter of 2019, according to the tender.

HEULIEZ BUS has developed a fully-electric articulated GX 437 model. The lightweight, 18-metre citybuses are made of 100% stainless steel and are equipped with Lithium Titanate Oxide batteries and a 160/200KW electric motor. Energy is stored within the vehicle to enable longer daily mileage. There is capacity for over 130 passengers.

CNH Industrial operates in the capital goods sector with brands like: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions.

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Publication:M2 EquityBites (EQB)
Date:Oct 18, 2017
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