GreenPower Motor Company Chooses New Mexico for Advanced EV Manufacturing Facility
Electric vehicle manufacturer GreenPower Motor Company plans to establish a 135,000 sq. ft. manufacturing facility in Santa Teresa, New Mexico, creating over 340 jobs and generating over $200 million in economic impact.
- over 340
- over $200 million
- $5 million
What Happened
GreenPower Motor Company (NASDAQ: GP) has announced an agreement with the New Mexico Economic Development Department to set up operations in Santa Teresa. The new 135,000 sq. ft. facility will serve as the company's base for North American operations and US corporate headquarters. The move is expected to create more than 340 jobs and generate over $200 million in economic impact over the next decade.
over 340
New jobs from GreenPower's facility in Santa Teresa
over $200 million
Over the next decade for New Mexico
“Establishing GreenPower’s new manufacturing facility in Santa Teresa marks a significant milestone in our expansion and commitment to safe, sensible, sustainable transportation solutions.”
The facility will benefit from Santa Teresa's Foreign Trade Zone designation, offering streamlined customs and cost-effective trade. GreenPower also worked with the state in 2025 on a pilot project for all-electric school buses at two Las Vegas public schools and a Santa Fe charter school. Governor Michelle Lujan Grisham emphasized the project's role in achieving net-zero emissions and creating high-quality jobs.
Why this matters
This investment supports New Mexico's clean energy transition and positions the state as a hub for zero-emission vehicle manufacturing, bringing high-quality jobs and economic growth.
Terms in This Story
- LEDA award
- Local Economic Development Act award, a state incentive for job creation and economic development.
- JTIP
- Job Training Incentive Program, a state-funded program for employee training.
- Foreign Trade Zone
- A designated area where goods can be imported, stored, or processed with reduced customs duties.
- Zero-emission vehicle
- A vehicle that produces no tailpipe emissions, such as a battery electric vehicle.
Summarised from the linked release; details can be imperfect — always verify against the original source.