Benzinga | Sep 29, 2021 06:58AM EDT

New Flyer To Offer Allison's eGen Flex Electric Hybrid Propulsion System

* Allison Transmission Holdings Inc (NYSE:ALSN) has announced New Flyer Industries Canada ULC and New Flyer of America Inc (New Flyer) will begin offering eGen Flex electric hybrid propulsion system in early 2022.

* New Flyer is a transit bus manufacturer and a subsidiary of NFI Group Inc (OTC:NFYEF).

* Allison's eGen Flex system is capable of full-electric drive for up to 10 miles. It improves fuel economy by up to 25% versus a conventional clean diesel bus.

* Price Action: ALSN shares closed lower by 1.08% at $35.74 on Tuesday.