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, May 17, 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 first quarter of fiscal year 2021, which ended on March 31, 2021. All amounts are in U.S. dollars except where otherwise indicated.

Lion Electric Announces First Quarter 2021 Results Following Successful Public Listing

Shares of Lion Electric Co. surged 6.0% in premarket trading Monday, after the Canada-based maker of zero-emission commercial trucks and buses announced an order for 260 all-electric buses from student transportation provider First Student. Deliveries of the buses will start in the second half of 2021 and will be completed in the first half of 2023.

Lion Electric stock surges after order for 260 all-electric school buses

MONTREAL, May 17, 2021 /PRNewswire/ - First Student, the largest student transportation provider in North America, 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 jointly announced that First Student is ordering 260 all-electric LionC school buses.   This is the largest order of school buses by a single customer in Lion's history.

First Student and Lion Electric Announce Largest Zero-Emission School Bus Order of 260 Buses

MONTREAL, May 14, 2021 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion Electric"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today it has been selected to participate in the Heritage-Romeo Power Fleet Electrification Program. The Heritage-Romeo Power Fleet Electrification Program is a collaboration between Heritage, a leader in environmental, sustainability and recycling services, and Romeo Power, an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, to execute on Heritage's fleet electrification strategy.

Lion Electric Selected to Participate in the Heritage-Romeo Power Fleet Electrification Program

MONTREAL, May 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 named Brian Piern as Chief Commercial Officer (CCO), effective June 7, 2021. In this role, Mr.

Lion Electric Names Brian Piern as Chief Commercial Officer

MONTREAL, May 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 that it will release its 2021 first quarter results on May 17, 2021, before market opens. A conference call and webcast will be held on May 17, 2021, at 8:30 a.m.

Lion Electric Announces 2021 First Quarter Results Release Date

On its first day of public trading, Canada's Lion Electric Co. made good on a pledge to expand manufacturing in the U.S., investing  $70 million to convert a partially finished warehouse in Joliet, Illinois, into a plant to build electric trucks and buses. At least 745 new jobs are expected to be created over the next three years.

Newly public Lion Electric will build electric trucks in Illinois

Northern Genesis Acquisition Corp.

Lion Electric (LEV) stock is will start trading today after the EV company completed its merger with SPAC Northern Genesis Acquisition (NGA). The post LEV Stock: 18 Things to Know as Lion Electric Starts Trading Today appeared first on InvestorPlace.

LEV Stock: 18 Things to Know as Lion Electric Starts Trading Today

Joliet, Illinois Facility Planned to Begin Production in Second Half of 2022 with Annual Capacity of up to 20,000 Zero-Emission Vehicles MONTREAL, May 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 that it has selected Joliet, Ill., for the construction of its U.S. manufacturing facility.

Lion Electric Announces U.S. Manufacturing Facility in Illinois, the Largest All-Electric Medium and Heavy-Duty Vehicles Plant in the U.S.

MONTREAL, May 6, 2021 /PRNewswire/ - Lion Electric ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, and Northern Genesis Acquisition Corp. ("NGA") (NYSE: NGA), a special purpose acquisition company, announced today the completion of their previously announced business combination (the "Business Combination"). The Business Combination was approved by NGA stockholders at a special meeting held on April 23, 2021.

Lion Electric Closes Business Combination with Northern Genesis Acquisition Corp. and will Debut as a Publicly Traded Company

News for Lion Electric Stock (LEV)