Benzinga | Aug 5, 2021 04:12PM EDT

CNH Industrial's IVECO BUS Wins Major Order To Supply Electric Buses

* CNH Industrial NV (NYSE:CNHI) was awarded a major European tender to supply its 12-meter full electric buses by The Parisian transport authority, ?le-de-France Mobilit?s, 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.