Lion Electric

The Lion Electric Co. manufactures zero-emission vehicles, which creates, designs, and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit, and mass transit markets. It offers electric transportation, builds and assembles all of its vehicle components, including chassis,battery packs, truck cabins and bus bodies. The company was founded by Marc Bedard and Camile Chartrand in 2008 and is headquartered in Montreal, Canada.

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Lion Electric reports robust Q4 performance amidst supply chain challenges

Lion Electric's strong Q4 2022 performance, focus on financial metrics, liquidity position, and expense management demonstrate a path towards sustainable growth.
The company's strengths in electrification trends, custom battery packs, and strategic management of supply chain challenges enhance its competitive position.
Challenges in supply chain management, labor ramp-up, and reliance on third-party suppliers require attention for sustained growth and profitability.
Opportunities in EV adoption, battery factory expansion, margin improvements, and subsidy programs offer avenues for Lion Electric's future success.

Lion Electric reports robust Q1 results, eyes profitability amid challenges

Lion Electric's Q1 2023 showcased strong revenue growth and a substantial order book, underlining their commitment to profitability. While facing challenges in truck orders and supply chain disruptions, the company remains optimistic about market opportunities and strategic initiatives. Exploring financing options and focusing on delivery acceleration are key priorities.

Lion Electric posts record Q2 revenue, eyes U.S. growth opportunities

Lion Electric's Q2 2023 performance showed record revenue and delivery numbers, with a focus on manufacturing and battery production expansion.
Despite financial challenges, the company is committed to achieving profitability and free cash flow, with plans to optimize CapEx for future growth.
Opportunities lie in market expansion, especially in the U.S., and operational enhancements through margin improvement and supply chain management.

Lion Electric reports record Q3 performance and eyes EV market growth

Lion Electric's Q3 2023 showcased remarkable growth in deliveries, revenues, and margins, underpinned by strategic decisions to enhance profitability and focus on key product lines.
While facing financial challenges and debt obligations, the company's strong market presence, order book, and customer interest in EV school buses offer promising growth prospects.
By prioritizing organic growth, optimizing costs, and leveraging funding programs, Lion Electric is well-positioned to capitalize on the expanding electric vehicle market and drive sustainable success.

Lion Electric reports 81% revenue growth, focuses on liquidity and market leadership

Lion Electric navigated challenges in 2023, focusing on liquidity management and cost control. Market leadership in electric school buses and a strong order book position the company well for growth opportunities in 2024.

Lion Electric reports steady Q1 performance amidst subsidy challenges

Lion Electric's Q1 2024 earnings call highlighted achievements, cost-saving measures, and challenges from subsidy program delays. Despite short-term volatility, the company remains focused on order book growth, cost control, and long-term stability through strategic initiatives.

Lion Electric faces Q2 challenges, achieves milestones, eyes growth opportunities

Lion Electric navigated challenges in Q2 with strategic initiatives and achieved key milestones despite financial struggles. The company's focus on liquidity management, growth opportunities, and government partnerships positions it for future success.

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MONTREAL , Nov. 20, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the staff of NYSE Regulation of the New York Stock Exchange ("NYSE") has determined to commence proceedings to delist the Company's warrants with an expiration date of May 6, 2026 — ticker symbol LEV.WS — to purchase common shares of the Company from the NYSE. Trading in the warrants was suspended immediately.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Lion Electric (LEV.WS)

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants with an expiration date of May 6, 2026 (“Warrants”) — ticker symbol LEV.WS — to purchase common shares of The Lion Electric Company (the “Company”) from the NYSE. Trading in these Warrants will be suspended immediately. Trading in the Company's common shares — ticker symbol LEV — and another series of warr.

NYSE to Commence Delisting Proceedings with Respect to Warrants of The Lion Electric Company (LEV.WS)

MONTREAL , Nov. 18, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into further amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec (the "Revolving Credit Agreement"), and (ii) its loan agreement entered into with Finalta Capital Fund, L.P., as lender and administrative agent, and Caisse de dépôt et placement du Quebec (through one of its subsidiaries), as lender (the "Finalta CDPQ Loan Agreement").

LION ELECTRIC ANNOUNCES FURTHER AMENDMENTS TO CERTAIN SENIOR CREDIT INSTRUMENTS

The Lion Electric Company (LEV) Q3 2024 Earnings Call Transcript

The Lion Electric Company (LEV) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.10 per share a year ago.

The Lion Electric Company (LEV) Reports Q3 Loss, Lags Revenue Estimates

MONTREAL , Nov. 6, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its financial and operating results for the third quarter of fiscal year 2024, which ended on September 30, 2024. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC ANNOUNCES THIRD QUARTER 2024 RESULTS

MONTREAL , Nov. 1, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it will release its third quarter 2024 results on November 6, 2024, after markets close. A conference call and webcast will be held on the same day, at 5:30 p.m.

LION ELECTRIC ANNOUNCES THIRD QUARTER 2024 RESULTS RELEASE DATE

MONTREAL , Oct. 1, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into additional amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec, and (ii) its loan agreement entered into with Finalta Capital and Caisse de dépôt et placement du Quebec. The revolving credit agreement amendments provide for, among other things, the extension of the period applicable to the previously announced suspension of the financial covenants under the revolving credit agreement, namely the tangible net worth test and the springing fixed charge coverage ratio, from September 30, 2024, to November 15, 2024 (the "covenant relief period").

LION ELECTRIC ANNOUNCES ADDITIONAL AMENDMENTS TO CERTAIN SENIOR CREDIT INSTRUMENTS

Dominion Energy

JOLIET, Ill. , Sept. 5, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announces that its all-electric school buses are now eligible for Dominion Energy's Electric School Bus Infrastructure program in Virginia.

LION ELECTRIC'S SCHOOL BUSES ARE NOW ELIGIBLE FOR DOMINION ENERGY'S ELECTRIC SCHOOL BUS INFRASTRUCTURE PROGRAM IN VIRGINIA

The Lion Electric Company (NYSE:LEV ) Q2 2024 Results Conference Call July 31, 2024 8:30 AM ET Company Participants Isabelle Adjahi - Vice President, Investor Relations and Sustainable Development Marc Bedard - Chief Executive Officer and Founder Nicolas Brunet - President Richard Coulombe - Chief Financial Officer Conference Call Participants Mike Shlisky - D. A. Davidson Kevin Chiang - CIBC Craig Irwin - ROTH Capital Partners George Gianarikas - Canaccord Daniel Lai - Barclays Rupert Merer - National Bank Ryan Pfingst - B.

The Lion Electric Company (LEV) Q2 2024 Earnings Call Transcript

The Lion Electric Company (LEV) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.08 per share a year ago.

The Lion Electric Company (LEV) Reports Q2 Loss, Lags Revenue Estimates

MONTREAL , July 31, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its financial and operating results for the second quarter of fiscal year 2024, which ended on June 30, 2024. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC ANNOUNCES SECOND QUARTER 2024 RESULTS

Lion Electric (LEV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate The Lion Electric Company (LEV) to Report a Decline in Earnings: What to Look Out for

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MONTREAL , July 16, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it will release its second quarter 2024 results on July 31, 2024, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m.

LION ELECTRIC ANNOUNCES SECOND QUARTER 2024 RESULTS RELEASE DATE

MONTREAL , July 2, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec, (ii) its loan agreement entered into with Finalta Capital and Caisse de dépôt et placement du Quebec, and (iii) its non-convertible debentures issued in July 2023 to a group of investors led by Mach Group and the Mirella & Lino Saputo Foundation. The Company also announced the entering into of a new agreement with Investissement Québec providing for a loan under the ESSOR program in the amount of C$5,000,000, which loan may, under certain conditions, be drawn up to C$7,500,000 (the "ESSOR loan").

LION ELECTRIC ANNOUNCES AMENDMENTS TO CERTAIN SENIOR CREDIT INSTRUMENTS AND THE ENTERING INTO OF NEW FINANCING

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MONTREAL , June 13, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the successful final certification for its heavy-duty ("HD") battery pack, the LionBattery HD, a lithium-ion battery pack specifically designed for the Company's purpose-built heavy-duty trucks. Lion, in collaboration with third-party testing partners, conducted stringent testing to meet the certification requirements.

LION ELECTRIC ANNOUNCES SUCCESSFUL FINAL CERTIFICATION OF ITS LIONBATTERY HD BATTERY PACK

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Are you a former investor in Northern Genesis Acquisition Corp., now known as the The Lion Electric Company (NYSE: LEV)? If so, Monteverde & Associates PC (“Monteverde”) encourages you to immediately contact Monteverde regarding the class action lawsuit filed by the firm in the United States District Court for the Southern District of New York, case no. 1:24-cv-02155 (the “Federal Class Action”). There is a June 10, 2024 deadline to seek to be appointed lead plaintiff.

Final Reminder for Former Investors in Northern Genesis Acquisition Corp. N/K/A The Lion Electric Company (NYSE: LEV) to Act Today and Seek Lead With Monteverde & Associates PC

NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Are you a former investor in Northern Genesis Acquisition Corp., now known as the The Lion Electric Company (NYSE: LEV)? If so, Monteverde & Associates PC (“Monteverde”) encourages you to immediately contact Monteverde regarding the class action lawsuit filed by the firm in the United States District Court for the Southern District of New York, case no. 1:24-cv-02155 (the “Federal Class Action”). There is a June 10, 2024 deadline to seek to be appointed lead plaintiff.

Monteverde & Associates Pc Reminds Investors of Looming June 10 Deadline in The Class Action Against Northern Genesis Acquisition Corp. N/K/A The Lion Electric Company – LEV

Northern Genesis Acquisition Corp.

NEW YORK , June 6, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds those who held the common stock of Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company (NYSE: NGA, LEV) as of the record date of March 18, 2021 for the merger with the then-private The Lion Electric Company of the important June 10, 2024 lead plaintiff deadline. SO WHAT: If you held Northern Genesis common stock as of the record date of March 18, 2021 for the merger with the then-private The Lion Electric Company, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company Investors to Secure Counsel Before Important June 10 Deadline in Securities Class Action - NGA

NEW YORK , June 6, 2024 /PRNewswire/ -- Are you a former investor in Northern Genesis Acquisition Corp., now known as The Lion Electric Company (NYSE: LEV)? If so, Monteverde & Associates PC ("Monteverde") encourages you to immediately contact Monteverde regarding the class action lawsuit filed by the firm in the United States District Court for the Southern District of New York, case no.

MONTEVERDE & ASSOCIATES PC REMINDS FORMER INVESTORS IN NORTHERN GENESIS ACQUISITION CORP. N/K/A THE LION ELECTRIC COMPANY - LEV TO SECURE COUNSEL BEFORE IMPORTANT JUNE 10 DEADLINE IN SECURITIES CLASS ACTION FIRST FILED BY FIRM

NEW YORK , June 4, 2024 /PRNewswire/ -- Are you a former investor in Northern Genesis Acquisition Corp., now known as the The Lion Electric Company (NYSE: LEV)? If so, Monteverde & Associates PC ("Monteverde") encourages you to immediately contact Monteverde regarding the class action lawsuit filed by the firm in the United States District Court for the Southern District of New York, case no.

MONTEVERDE & ASSOCIATES PC REMINDS FORMER INVESTORS IN NORTHERN GENESIS ACQUISITION CORP. TO ACT BY JUNE 10 TO BE LEAD PLAINTIFF IN THE CLASS ACTION LAWSUIT SEEKING DAMAGES

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds those who held the common stock of Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company (NYSE: NGA, LEV) as of the record date of March 18, 2021 for the merger with the then-private The Lion Electric Company of the important June 10, 2024 lead plaintiff deadline.

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company Investors to Secure Counsel Before Important June 10 Deadline in Securities Class Action – NGA

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