GreenPower Motor Picks New Mexico for New North American EV Manufacturing Hub
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The latest announcement is out from GreenPower Motor ( (GP) ).
On January 8, 2026, GreenPower Motor Company announced an agreement with the New Mexico Economic Development Department to establish a 135,000-square-foot advanced electric vehicle manufacturing facility in Santa Teresa, New Mexico, which will serve as its base for North American operations and U.S. corporate headquarters. Backed by a package of state incentives, including grants, job-training funds and tax credits, the project is projected to create more than 340 jobs and deliver over $200 million in economic impact over the next decade, strengthening New Mexico’s role as a hub for green manufacturing and reinforcing GreenPower’s position in the zero-emission commercial and school bus markets, following earlier collaboration on the state’s first all-electric school bus pilot launched in 2025.
The most recent analyst rating on (GP) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the GP Stock Forecast page.
More about GreenPower Motor
GreenPower Motor Company, headquartered internationally in Vancouver, Canada, is a manufacturer and distributor of all-electric, purpose-built, zero-emission medium- and heavy-duty vehicles, serving the cargo and delivery market, shuttle and transit segment, and the school bus sector across North America, with existing operational facilities in southern California and West Virginia.
Average Trading Volume: 87,899
Technical Sentiment Signal: Sell
Current Market Cap: $2.4M
Find detailed analytics on GP stock on TipRanks’ Stock Analysis page.
