First Group has announced plans for major further deployment of battery-electric buses through a joint venture company created with supplier Hitachi ZeroCarbon to purchase up to 1,000 electric bus batteries – valued at £100 million – over three financial years.
The 50/50 joint venture company called NextGen AssetCo, will provide the batteries to First Bus via operating lease over an initial eight-year period, with scope to extend that by two years at zero additional cost. Each...
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