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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Nikola

Nikola Corp.'s acquisition of struggling battery startup Romeo Power Inc. has spilled into federal court with Lion Electric Co. claiming Nikola tried to poach its customers after canceling a battery supply agreement Lion had with Romeo Power. In a civil case filed in the U.S. District Court for Arizona, Lion claimed Nikola told Romeo to raise prices on a previously agreed-to contract with Lion for all but 40 of 296 battery packs Lion ordered for its Lion 8T Class 8 electric truck.

Lion Electric sues Nikola over canceling Romeo battery contract

MONTREAL , March 2, 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 fourth quarter and fiscal year 2022 results on March 10, 2023, 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 2022 RESULTS RELEASE DATE

MONTREAL , Feb. 13, 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, today announced that the Company has entered into an agreement with Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, and its related company, ENGS Commercial Finance Co, to provide financing solutions to Lion school bus and truck customers in the United States and Canada through LionCapital Solutions' vehicle financing program. "I am very pleased to announce this partnership with Mitsubishi HC Capital Canada and ENGS Commercial Finance Co., and to have financial partners who share Lion's sustainable transportation vision and values.

Lion Electric Announces North American Agreement with Mitsubishi HC Capital Canada and ENGS Commercial Finance Co. to Provide Financing for All-electric Buses and Medium- and Heavy-Duty Trucks Through LionCapital Solutions

Images are available here: https://www.dropbox.com/scl/fo/ut66oe7f1sgi9aum9y832/h?dl=0&rlkey=6juh7gu5fdkgevdmkufacrzgw JOLIET, Ill. , Feb. 10, 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, is pleased to announce that the Company joined U.S. Environmental Protection Agency (EPA) Administrator Michael S.

Lion Electric Joins the Environmental Protection Agency Administrator Michael S. Regan to Celebrate Clean School Bus Program Delivery

MONTREAL , Feb. 2, 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 has completed a sale-leaseback transaction with BTB Real Estate Investment Trust (TSX: BTB.UN) for its battery manufacturing building located in Mirabel, Quebec for a total purchase price of C$28 million. The proceeds from the transaction will be used by the Company to repay amounts outstanding under its revolving credit facility and to fund transaction expenses.

LION ELECTRIC COMPLETES SALE-LEASEBACK TRANSACTION FOR MIRABEL BATTERY MANUFACTURING BUILDING

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. MONTREAL , Jan. 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 in connection with its previously announced public offering (the "Offering") of 19,685,040 units (the "Units") completed on December 16, 2022, the underwriters of the Offering have exercised their over-allotment option in full to purchase an additional 2,952,755 Units at a price of US$2.54 per Unit.

LION ELECTRIC ANNOUNCES FULL EXERCISE AND CLOSING OF OVER-ALLOTMENT OPTION IN CONNECTION WITH PREVIOUSLY ANNOUNCED PUBLIC OFFERING OF UNITS

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Why Are EV Stocks FUV, BLNK, EVGO, LEV Up Today?

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MONTREAL , Dec. 21, 2022 /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 has completed production of its first lithium-ion battery pack at the company's battery manufacturing facility located in Mirabel, Quebec. Final certification of the first battery pack is expected in the first quarter of 2023, followed by a gradual ramp up of production in 2023.

LION ELECTRIC ANNOUNCES PRODUCTION OF FIRST PROPRIETARY LITHIUM-ION BATTERY PACK AT ITS BATTERY MANUFACTURING FACILITY

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Today's traders are roaring about Lion Electric (NYSE: LEV ) stock, and for a good reason. Apparently, Lion Electric has received government funding to build clean-energy school buses.

Why Is Lion Electric (LEV) Stock Up Today?

JOLIET, Ill. , Dec. 19, 2022 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty vehicles, today announced that it has completed delivery of its first LionC zero-emission school bus funded by the U.S. Environmental Protection Agency's ("EPA") Clean School Bus Program to Mount Desert Island Regional School System in Bar Harbor, Maine.

LION ELECTRIC DELIVERS ITS FIRST BUS FUNDED BY A GRANT UNDER THE U.S. ENVIRONMENTAL PROTECTION AGENCY'S CLEAN SCHOOL BUS PROGRAM

Lion Electric (NYSE: LEV ) stock is sinking 12% after the electric vehicle (EV) maker announced it would sell 19.69 million additional units  for $2.54 per unit. Each unit includes one share of LEV stock and a warrant to purchase an additional share.

Why Is Lion Electric (LEV) Stock Down 12% Today?

Offering to result in Gross Proceeds of US$50 Million to Lion Electric

Lion Electric Announces Pricing of Marketed Public Offering of Units

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.

Lion Electric Announces Launch of Overnight Marketed Public Offering of Units

Lion Electric is set to ramp commercial production at its US manufacturing facility as quarterly revenue hits a new record. This comes as intense cash burn across most recently public EV companies has disrupted product roadmaps and placed the young industry in a state of shock.

Lion Electric: Cash Burn, An 800-Pound Gorilla, And The Disruption Of The Electric Jungle

MONTREAL , Nov. 22, 2022 /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 has entered into a four-year supply agreement with a top-tier supplier (the "Supplier") for the supply of lithium-ion battery cells (the "Cell Supply Agreement") to be used for the manufacturing of batteries for electric vehicles. Subject to the terms and conditions of the Cell Supply Agreement, the Supplier has committed to supply, and Lion has committed to purchase, on a non-exclusive basis, lithium-ion battery cells at escalading volumes over calendar years 2023 and 2024, at agreed upon prices, subject to adjustments, including to account for increases in the prices of raw materials and changes in specifications.

LION ELECTRIC ENTERS INTO MULTI-YEAR CELL SUPPLY AGREEMENT FOR EV BATTERY MANUFACTURING WITH A TOP-TIER SUPPLIER

JOLIET, ILL., Nov. 18, 2022 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty vehicles, today celebrated the signing of a global Memorandum of Understanding (MOU) by the Biden Administration at COP27 in Egypt, targeted at supporting a path to 100% zero-emission medium and heavy-duty vehicles (ZE-MHDVs) sales by 2040.

Lion Electric Celebrates Signing of Global Memorandum of Understanding to Accelerate the Adoption of Medium and Heavy-Duty Zero-Emission Vehicles

After losing some value lately, a hammer chart pattern has been formed for The Lion Electric Company (LEV), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why The Lion Electric Company (LEV) Could be Great Choice for a Bottom Fisher

The Lion Electric Company (NYSE:LEV ) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET Company Participants Isabelle Adjahi - VP, IR and Sustainable Development Marc Bedard - CEO and Founder Nicolas Brunet - EVP and CFO Conference Call Participants Mike Shlisky - D.A. Davidson Christopher Souther - B.

The Lion Electric Company (LEV) Q3 2022 Earnings Call Transcript

The Lion Electric Company (LEV) delivered earnings and revenue surprises of 10% and 1.63%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

MONTREAL , Nov. 10, 2022 /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 2022, which ended on September 30, 2022. Lion reports its results in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC ANNOUNCES THIRD QUARTER 2022 RESULTS

Lion (LEV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Lion (LEV) This Earnings Season?

MONTRÉAL, Nov. 9, 2022 /PRNewswire/ - Finalta Capital, one of Canada's largest private debt funds, CDPQ, a global investment group, and 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 the closing of an agreement for a new credit facility for Lion funded equally by CDPQ and Finalta Capital. The credit facility is granted for a maximum principal amount of CAD 30 million.

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