04:05 PM EST, 11/05/2025 (MT Newswires) -- GreenPower Motor ( GP ) (GPV.V, GP) on Wednesday said it will voluntarily delist its shares from the TSX Venture Exchange at the close of trading on Nov. 14 following a strategic review aimed at cutting costs and simplifying operations.

The Vancouver-based manufacturer of electric medium and heavy-duty vehicles said trading volumes on the TSXV represented less than 2% of its Nasdaq volume in the nine months ended Sept. 30, making the secondary listing unjustifiable from a cost and administrative standpoint.

GreenPower said the move is expected to reduce regulatory and compliance expenses and aligns with its strategy to focus on markets that offer higher shareholder value.

It noted the delisting will not affect shareholders' ownership and its shares will continue to trade on the Nasdaq. GreenPower will remain a reporting issuer in Canada and comply with Canadian securities regulations.

GreenPower said it is working with the exchange to ensure an orderly transition and encouraged shareholders to consult their brokers or financial advisers for guidance. The decision aimed to improve operational efficiency and support long-term growth initiatives, it added.

The company's shares closed down $0.02 to C$3.38 on the TSXV.