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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The Lion Electric Company (LEV) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.09 per share a year ago.

The Lion Electric Company (LEV) Reports Q4 Loss, Misses Revenue Estimates

MONTREAL , Feb. 29, 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 fourth quarter and fiscal year ended on December 31, 2023. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC ANNOUNCES FOURTH QUARTER AND FISCAL 2023 RESULTS

MONTREAL , Feb. 15, 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 fourth quarter and fiscal year 2023 results on February 29, 2024, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m.

LION ELECTRIC ANNOUNCES FOURTH QUARTER AND FISCAL 2023 RESULTS RELEASE DATE

Click here for media assets  JOLIET, Ill. , Jan. 25, 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 commenced customer deliveries of its newly-launched LionD school buses in California.

LION ELECTRIC INITIATES DELIVERIES OF LIOND, A NEW ALL-ELECTRIC SCHOOL BUS MODEL

Further grant awards to school districts, financial entities and third-party contractors representing attractive potential for additional opportunities for Lion. JOLIET, Ill.

LION AWARDED $38 MILLION AS PART OF THE EPA'S LATEST ROUND OF CLEAN SCHOOL BUS PROGRAM FUNDING

MONTREAL , Dec. 7, 2023 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium- and heavy-duty vehicles, announced today the successful final certification for its medium duty ("MD") battery pack, the LionBattery MD, a lithium-ion battery pack specifically designed for the Company's medium duty trucks and school buses. Lion, in collaboration with third-party testing partners, conducted stringent testing to fulfill the certification requirements.

Lion Electric Announces Successful Final Certification of its LionBattery MD Battery Pack

Lion Electric (NYSE: LEV ) layoffs are on the way after the electric bus manufacturing company announced plans to cut jobs for 10% of its workers. According to a news release from Lion Electric, these layoffs will result in 150 employees losing their jobs.

Lion Electric Layoffs 2023: What to Know About the Latest LEV Job Cuts

The Lion Electric Co.'s stock LEV fell 5% on Monday in premarket trading after it said it will reduce its work force by 150 people or 10% of its total head count to cut costs and move toward profitability. The job cuts come from the EV truck maker's production overhead, manufacturing, product development and administrative units in Canada and the U.S.

Electric-vehicle truck maker Lion Electric Co. cutting 150 jobs

MONTREAL , Nov. 27, 2023 /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 a workforce reduction aimed at rationalizing its cost structure and improving its ability to reach its profitability objectives. The reduction affects 150 employees (approximately 10% of Lion's total headcount) in production overhead, manufacturing, product development and administrative functions, both in Canada and the United States.

LION ELECTRIC ANNOUNCES WORKFORCE REDUCTION TO RATIONALIZE COST STRUCTURE

BROOKLYN, N.Y.--(BUSINESS WIRE)--Today Synop, the leading platform for electric vehicle (EV) fleet solutions, announces a new partnership with The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion”), a leading manufacturer of all-electric medium- and heavy-duty vehicles. Through this partnership, Synop's vehicle, charging, and energy management solutions will be integrated with LionBeat, Lion's advanced telematics offering, and additionally available as an add-on solution for non-LionBeat sub.

Synop Announces Partnership with Lion Electric to Provide Energy Management Software for Bus and Truck Customers

MONTREAL , Nov. 9, 2023 /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 Company will be presenting at the following investor conferences in November and December: NYSE Industrials Access Day Date: Tuesday, November 14, 2023 Location: Virtual Barclays Global Automotive and Mobility Tech Conference  Date: Wednesday, November 29, 2023 Location: Virtual Alliance Global Partners Electric Vehicle and Transportation Conference  Date: Tuesday, December 5, 2023 Location: Virtual ABOUT LION ELECTRIC Lion Electric is an innovative manufacturer of zero-emission vehicles. The company 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 segments.

LION ANNOUNCES UPCOMING PARTICIPATION AT INVESTOR CONFERENCES

The Lion Electric Company (NYSE:LEV ) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Isabelle Adjahi - VP, IR and Sustainable Development Marc Bedard - CEO Founder Nicolas Brunet - President Richard Coulombe - CFO Conference Call Participants George Gianarikas - Canaccord Genuity Michael Shlisky - D.A. Davidson Benoît Poirier - Desjardins Capital Bank Tamy Chen - BMO Capital Markets Christopher Souther - B.

The Lion Electric Company (LEV) Q3 2023 Earnings Call Transcript

MONTREAL , Nov. 7, 2023 /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 2023, which ended on September 30, 2023. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC POSTS RECORD REVENUE AND GROSS PROFIT FOR THE THIRD QUARTER OF 2023

MONTREAL , Nov. 3, 2023 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium- and heavy-duty vehicles, announced today that it has received a conditional purchase order for 50 all-electric LionC school buses from Highland Electric Fleets ("Highland"), a leading provider of Electrification-as-a-Service for school districts, governments, and fleet operators in North America. The purchase order is conditional upon the satisfactory grant of non-repayable contributions to Highland under Infrastructure Canada's Zero-Emission Transit Fund ("ZETF")1.

Lion Electric Receives Conditional Purchase Order From Highland Electric Fleets for 50 Electric School Buses

MONTREAL , Oct. 17, 2023 /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 2023 results on November 7, 2023, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m.

LION ELECTRIC ANNOUNCES THIRD QUARTER 2023 RESULTS RELEASE DATE

MONTREAL , Sept. 11, 2023 /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 Nicolas Brunet has been appointed as President, effective as of today.

LION ELECTRIC APPOINTS NICOLAS BRUNET AS PRESIDENT; RICHARD COULOMBE TO SUCCEED AS CHIEF FINANCIAL OFFICER

The Lion Electric Company (NYSE:LEV ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Isabelle Adjahi - Vice President, Investor Relations & Sustainable Development Marc Bedard - Founder & Chief Executive Officer Nicolas Brunet - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Shlisky - D.A. Davidson Trevor Young - Barclays Rupert Merer - National Bank Financial Chris Souther - B.

The Lion Electric Company (LEV) Q2 2023 Earnings Call Transcript

MONTREAL , Aug. 3, 2023 /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 2023, which ended on June 30, 2023. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC ANNOUNCES SECOND QUARTER 2023 RESULTS

MONTREAL , July 24, 2023 /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 2023 results on August 3, 2023, 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 2023 RESULTS RELEASE DATE

Images are available here: https://tinyurl.com/e6tu4xuy JOLIET, Ill. , July 21, 2023 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), today raised the bar on electric vehicle (EV) manufacturing with the official opening ceremony of its 900,000 square-foot Joliet, Illinois facility – the largest all-electric U.S. plant dedicated to medium and heavy-duty commercial vehicle production.

LION ELECTRIC CELEBRATES OFFICIAL OPENING OF LARGEST ALL-ELECTRIC U.S. MANUFACTURING FACILITY DEDICATED TO MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLE PRODUCTION

MONTREAL , July 19, 2023 /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 Company has closed the previously announced financing transactions, resulting in aggregate gross proceeds to the Company of approximately US$142 million (the "Financing"). The Financing consisted in (i) the issuance by way of private placement to a group of subscribers comprised of Investissement Québec, Fonds de solidarité des travailleurs du Québec (F.T.Q.

LION ELECTRIC CLOSES PREVIOUSLY ANNOUNCED FINANCING TRANSACTIONS

Fisker Inc

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Fisker plans to deliver electric SUVs to customers in India for the first time in Q4. Lion Electric has secured $142 million in funding through several transactions.

Why Shares of Fisker and Lion Electric Are Soaring but The Metals Company Is Plunging

LEV is facing challenges due to global supply chain issues and inflationary pressures, impacting its profitability and liquidity. Still strong secular EV tailwinds, particularly in North America, supported by government policies promoting lower carbon transportation options. At $2.1 per share today, the price level is attractive. I rate the stock a buy.

Lion Electric: High Risk, But Attractive Price Level

Shares of Lion Electric Co. LEV, -3.20% rose 2.4% in premarket trading Monday, after the electric semi truck and bus maker announced financing agreements that results in gross proceeds of $142 million. The financing includes the private placement of 13% convertible debt for proceeds of $74 million, the private placement of 11% nonconvertible debt for proceeds of C$90 million ($68.1 million) and the issuance of warrants to buy 22.5 million common shares.

Lion Electric stock rallies after EV maker announces $142 million in financing agreements

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 17, 2022 to its short form base shelf prospectus dated June 17, 2022. Combined financing transactions representing aggregate gross proceeds of approximately US$142 million provides flexibility to execute growth plans; Company to extend the maturity of its senior credit facilities by one year to August, 2025 concurrently with closing; Company to cancel its ATM program.

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