GreenPower Motor Company Inc.

Q1 2023 Earnings Conference Call

8/15/2022

spk02: And in what form might it be in order to satisfy these inventory build-ups?
spk00: Well, we're pretty happy with the current level of inventory in terms of the different groups or go-to-market groups. So as we talked about with the school bus side, we see more of drawing down what we have, adding to or maintaining an inventory level. Same with the cargoes is that that's more of a timing situation in terms of the vouchers are aligned with the cargoes are ready to be delivered. So over the next number of months we expect to deliver substantially all of the approximately 40 cargo vans that we have. And likewise with the cabin chassis, the priority is with workhorse. And then secondarily, there's the other market opportunities that we have to deploy cabin chassis. So across the different categories, we expect to be drawing down in a number of these as opposed to just continually adding or building up additional inventory. So that's The first part and then the second part is that if there is a substantial uptick in additional orders on school buses, which will have much better visibility in the next two to three months, and with other categories of vehicles, as Michael referred to in his comments earlier, We have been working on traditional financing structures that, you know, in terms of debt facilities that we could utilize with increased requirements this fall or this winter.
spk02: Very good. I get the sense then that you're satisfied with where you are in terms of capital and that as the
spk01: sales unfold then you will act accordingly exactly very good well thank you i appreciate it ladies and gentlemen this concludes our question and answer session i would like to turn the conference back over to management for any closing remarks so thanks everyone for uh for
spk00: listening into Green Power's earnings call. We're very excited about our current position and we believe we have very strong product offerings in the different markets that we're addressing. And as the last caller just asked about, we believe we are well positioned with product that can be delivered to our customer base as we work through the balance of various vouchers requirements and take advantage of customers that now have approved vouchers that we can deliver product for. So exciting times for us in the next quarter or two, and we look forward to providing our stakeholders and shareholders with our next update. Thanks for listening in to the call.
spk01: Thank you, sir. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.
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Q1GP 2023

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