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. 18, 2021 /PRNewswire/ - 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 an order from Groupe Autobus Séguin (Autobus Séguin) for 55 100% electric school buses, including 45 LionA and 10 LionC models, to be delivered by 2025. The order is conditional upon the satisfactory grant of funding under the Quebec government's School Transportation Electrification Program and the Canadian federal government's Zero Emission Transit Fund.

Lion Electric Receives Conditional Order for 55 100% Electric School Buses from Groupe Séguin

The Lion Electric Company (LEV) CEO Marc Bedard on Q1 2021 Earnings Conference Call - Earning Call Transcript

MONTREAL, Nov. 10, 2021 /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 2021, which ended on September 30, 2021. Lion reports its results in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS").

Lion Electric Announces Third Quarter 2021 Results

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MONTREAL, Oct. 28, 2021 /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 received a purchase order from Groupe Autocar Jeannois ("Jeannois") for 35 zero-emission LionC school buses, to be delivered over the next five years. The purchase order also includes an option for Jeannois to purchase an additional five LionC buses.

Lion Electric Receives Purchase Order for 39 Electric Vehicles from Groupe Autocar Jeannois

Lion Electric Co (NYSE: LEV) has received a conditional purchase order for 1,000 all-electric LionC school buses from Student Transportation of Canada, a subsidiary of Student Transportation of America, whose controlling shareholder is Caisse de dépôt et placement du Québec (CDPQ). The financial terms of the order were not disclosed.

Lion Electric Pockets Conditional Purchase Order For 1,000 Electric School Buses

MONTREAL, Oct. 25, 2021 /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 received a conditional purchase order for 1,000 all-electric LionC school buses from Student Transportation of Canada ("STC"), a subsidiary of Student Transportation of America ("STA"), a north-American leader in student transportation, safety and fleet management services, whose controlling shareholder is Caisse de dépôt et placement du Québec (CDPQ). The purchase order is conditional upon the satisfactory grant of non-repayable contributions to STC under Infrastructure Canada's Zero-Emission Transit Fund ("ZETF"), for which STC has filed a formal application.

Lion Electric Receives Conditional Purchase Order from Student Transportation of Canada for 1,000 Electric School Buses

BELOEIL, QC, Oct. 18, 2021 /PRNewswire/ - Demers Ambulances, a leading North American manufacturer of ambulance vehicles 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, unveiled today the Demers eFX Ambulance, the first all-electric and purpose-built ambulance. This new model of ambulances, scheduled to be commercialized in the second half of 2022, was developed with the support of the government of Quebec and the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

Demers Ambulances and Lion Electric Launch All-electric, Purpose-Built Ambulance

MONTREAL, Oct. 15, 2021 /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 2021 third quarter results on November 10, 2021, after markets close. A conference call and webcast will be held on November 11, 2021, at 8:30 a.m.

Lion Electric Announces 2021 Third Quarter Results Release Date

Lion Electric is moving aggressively to capture market share in the nascent market for zero-carbon medium- and heavy-duty urban vehicles and buses. The company saw revenue grow by 175% year-over-year during its last reported quarter.

Lion Electric Hunts Down The Electric Dream

Barclays analyst Brian Johnson initiated Lion Electric Co (NYSE:LEV) with an Overweight rating and a price target of $17, implying an upside of 27.8%. Johnson mentions that the company has come to market with a "compelling" electric vehicle bus technology and is also applicable to medium / heavy-duty truck applications as fleets increasingly look to source EVs.

Barclays Initiates Lion Electric With An Overweight Rating - Read Why

MONTREAL, Sept. 21, 2021 /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 hosted the Company's first analysts and institutional investors' manufacturing site visit.

Lion Electric Hosts First Analysts and Institutional Investors' Manufacturing Site Visit

CIBC purrs with pleasure over Lion Electric.

Why Lion Electric Stock Leaped 7% Today

EV bus manufacturers have pulled back from year-to-date highs based on factors that could include valuation concerns, selling by major shareholders, and supply chain disruptions. The legislative backdrop for EV school bus funding is highly positive, although major new funding might not start to fully reach customers until late-2022/2023.

Blue Bird Vs. Lion Electric: Room For Both, But A Contrast In Value

MONTREAL, Sept. 7, 2021 /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 flagship Experience Centre in Terrebonne, Quebec.

Lion Electric Highlights the Benefits of Zero-Emission Vehicles at its Flagship Experience Centre in Terrebonne, Quebec

Video asset available here: https://runonless.com/videos/day-ross-and-the-lion-electric/ . MONTREAL, Sept.

Lion Electric Trucks Hit the Road With Day & Ross In NACFE Run On Less - Electric

MONTREAL, Aug. 20, 2021 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion") announced today that Marc Bedard, CEO – Founder, has exercised share options granted in 2017, resulting in the acquisition of 900,000 common shares of Lion, and sold these shares on the Toronto Stock Exchange and New York Stock Exchange through the facilities of an investment dealer. Mr. Bedard plans to use the net proceeds from the sale of the common shares primarily for the repayment of personal indebtedness incurred in connection with prior investments in Lion's shares.

Exercise of Options and Sale of Common Shares by CEO - Founder

The Lion Electric Company (LEV) CEO Marc Bedard on Q2 2021 Results - Earnings Call Transcript

Lion Electric Co (NYSE: LEV) reported second-quarter revenue growth of 174% year-over-year to $16.69 million and delivered 61 vehicles compared to 22 same quarter last year. EPS was $(1.13) versus $(0.01) in 2Q20.

Lion Electric Q2 Revenue Climbs On Rising Vehicle Delivery

Shares of Lion Electric Co. LEV, +2.24% rallied 3.6% in premarket trading Friday, after the electric vehicle maker reported second-quarter revenue that nearly tripled to beat expectations, while losses widened amid higher administrative and selling expenses and transaction costs. The net loss widened to $181.6 million, or $1.13 a share, from $1.4 million, or 1 cent a share, in the year-ago period.

Lion Electric stock rallies after revenue rises above expectations, while losses widened

MONTREAL, Aug. 13, 2021 /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 2021, which ended on June 30, 2021. Lion reports in U.S. dollars and in accordance with IFRS.

Lion Electric Announces Second Quarter 2021 Results

MONTREAL, Aug. 12, 2021 /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 retained Pomerleau, a flagship corporation in the Canadian construction industry, as project manager and general contractor for the construction of its battery plant and innovation center, to be located at the YMX International Aerocity of Mirabel. "Lion is proud to be partnering with Pomerleau as their expertise and reputation in the construction of projects of this scale is second to none," says Marc Bedard, Lion's CEO – Founder.

Lion Electric Retains Pomerleau for the Construction of Its Battery Plant and Innovation Center

MONTREAL, Aug. 11, 2021 /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 credit agreement providing for a new revolving credit facility in the maximum principal amount of US$100,000,000, with a syndicate of lenders represented by National Bank of Canada as administrative agent, lead arranger and sole bookrunner, and including Bank of Montreal and Desjardins Capital Markets. "While our recent transaction provided us access to the capital required to accelerate our growth strategy, this new credit facility will enable us to benefit from additional funds at an attractive rate, as needed, thus strengthening our liquidity position for the long-term," said Marc Bedard, Lion's CEO - Founder.

Lion Electric Secures New US$100 Million Credit Facility

Lion Electric Co (NYSE: LEV) has received an order for 35 LionC school buses from the province of Prince Edward Island (P.E.I.). Financial terms were not disclosed.

Lion Electric Bags Order For 35 Electric School Buses From Prince Edward Island For Undisclosed Sum

MONTREAL and CHARLOTTETOWN, PE, Aug. 10, 2021 /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 and the province of Prince Edward Island (P.E.I.), today jointly announced that Lion has received an order for 35 LionC school buses from P.E.I.

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