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First Bus to buy 1000 electric buses in joint venture with Hitachi

Peter Stonham
30 November 2023
First Bus has piloted its new electric bus arrangements at its Caledonia depot in Glasgow
First Bus has piloted its new electric bus arrangements at its Caledonia depot in Glasgow
 

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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