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CNH Industrial NV (NYSE: CNHI) was awarded a major European tender to supply its 12-meter full electric buses by The Parisian transport authority, Île-de-France Mobilités, and the city's transport operator, RATP.
The order is for 180 electric buses and the 247 already in operation, making IVECO BUS, a CNH Industrial brand, the foremost electric buses supplier to the RATP. Financial terms were not disclosed.
This significant new contract for the IVECO BUS brand underscores CNH Industrial's commitment to developing a complete range of alternative fuel vehicles.
This full-electric model is produced in the electromobility center of excellence of HEULIEZ (a Brand of CNH Industrial) in Rorthais, France, and is part of the battery-powered bus range.
Price Action: CNHI shares closed higher by 1.33% at $16.76 on Thursday.
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