Shyft Group secures first pre-orders for electrical supply vans

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The Shyft Group Inc.’s Blue Arc EV Options model has secured its first 2,000-unit pre-order for its new line of electrical Class 3, 4 and 5 walk-in supply vans. 

The Novi-based specialty car producer serving the industrial, retail and repair car markets with operations in Charlotte, the place it was previously headquartered, expects to start taking buyer pre-orders on the Mooresville, N.C.-based Randy Marion Automotive Group shops but this month. Shyft Group will then begin producing the supply vans “within the Midwest” with supply to the dealerships focused for mid 2023. 

Shyft Group (Nasdaq: SHYF) nonetheless must safe authorities approvals for the automobiles, which it anticipates will come by this winter, based on a press release.  The corporate launched the road of all-electric supply vans in March, as MiBiz beforehand reported

“From the start simply 14 quick months in the past, we’ve been assured in our EV industrial car design as a result of we now have served last-mile supply clients for almost 50 years,” Shyft Group CEO Daryl Adams stated in a press release. “We’ve hit all of our essential improvement milestones and most lately we’ve validated that our vary will meet our clients’ expectations and this reveals not solely do we all know what they want, we’re delivering it.”

The Blue Arc EV line includes a scalable design accessible in Class 3, 4 and 5 walk-in vans with  physique lengths from 12 ft to 22 ft. The automobiles characteristic 150 miles of vary and are supposed for last-mile supply fleets.

The corporate designed the vans with a light-weight aluminum and composite physique for the sake of sturdiness and modular repairs. The fashions additionally embrace an built-in photo voltaic roof bundle to energy auxiliary heating and air-con techniques, based on a press release. 

“Our lengthy historical past working with Shyft by way of its Utilimaster model and the overwhelmingly constructive response to the Blue Arc Class 3 all-electric supply walk-in van give us nice confidence in the whole Blue Arc line-up, the Class 3 and 4, in addition to the Class 5 that’s in improvement now,” Brad Sigmon, vp of gross sales at Randy Marion Automotive Group stated in a press release. “The industrial grade options from Shyft, engineered with first-hand data of final mile supply, are a real differentiator versus the opposite EV choices.”

Shyft Group additionally plans to current the Blue Arc vans and its Energy Dice line of transportable charging stations on the North American Worldwide Auto Present in Detroit this week.

At present, Shyft Group employs 3,800 folks throughout services in 10 states and one in Saltillo, Mexico.

Via midyear, the corporate generated $439.1 million in revenues, a decline of lower than 1 p.c from the earlier yr. In 2021, Shyft reported gross sales of $992 million. 

In reporting second quarter ends in July, the corporate affirmed its 2022 steering for revenues within the vary of $925 million to $1.1 billion and earnings from persevering with operations of $21 million to $41 million “however additional chassis and provide chain associated points.” Shyft additionally anticipated to document $30 million in bills for the yr associated to EV improvement.





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