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 , Dec. 19, 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 Superior Court of Quebec (Commercial Division) (the "Court") has issued an initial order (the "Initial Order") granting the Company and its subsidiaries protection under the Companies' Creditors Arrangement Act ("CCAA"). Deloitte Restructuring Inc. has been appointed pursuant to the initial CCAA order as monitor of the Company (in such capacity, the "Monitor") in order to assist the Company with its restructuring efforts and to report to the Court.

LION ELECTRIC OBTAINS CREDITOR PROTECTION UNDER CCAA

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 two securities enumerated below (“Securities”) of The Lion Electric Company (the “Company”) from the Exchange. Trading in the Company's Securities will be suspended immediately. Symbol Description LEV Common Shares LEV.WS.A Common Share Purchase Warrant NYSE Regulation reached its decision that the Company is no lo.

NYSE to Commence Delisting Proceedings Against The Lion Electric Company (LEV)

LEV files for bankruptcy protection after months of financial turmoil, including failed attempts to secure additional funding and defaults on debt repayments.

EV Startups on a Rough Road: Lion Electric Becomes the Latest Casualty

MONTREAL , Dec. 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 the Company and its subsidiaries have applied to the Superior Court of Quebec (Commercial Division) (the "Court") for an initial order to seek protection from their creditors under the Companies' Creditors Arrangement Act ("CCAA"). The Company and its subsidiaries also intend to seek recognition of the CCAA proceedings in the United States under Chapter 15 of the Bankruptcy Code.

LION ELECTRIC FILES APPLICATION FOR CREDITOR PROTECTION UNDER THE CCAA

Electric bus and truck maker Lion Electric has said it expects to seek creditor protection after defaulting on debt. Protection under the Companies' Creditors Arrangement Act would be sought in order to allow a restructuring of the business and formal sales process, Lion Electric said Tuesday.

Lion Electric looks to creditor protection after defaulting on debt

Company to initiate restructuring proceedings under the CCAA MONTREAL , Dec. 17, 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 expiry of the previously announced covenant relief period under 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"), as well as the maturity of the Company's 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 EXPIRY OF COVENANT RELIEF PERIOD AND DEFAULTS UNDER CERTAIN OF ITS SENIOR DEBT INSTRUMENTS

Net proceeds to be used towards partial repayment of the Company's senior secured non-convertible debentures issued in July 2023 MONTREAL , Dec. 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, announced today that it has reached a definitive agreement with Aéroport de Montreal to sell its innovation center facility located in Mirabel, Québec, for a purchase price of C$50,000,000, subject to customary purchase price adjustments and closing conditions. All of the net proceeds from the transaction are intended to be used towards the partial repayment of the Company's senior secured non-convertible debentures issued in July 2023, holders of which currently benefit from a first ranking hypothec over the immovable/real rights related to the innovation center facility.

LION ELECTRIC REACHES DEFINITIVE AGREEMENT IN RESPECT OF THE SALE OF INNOVATION CENTER LOCATED IN MIRABEL, QUÉBEC

Lion Electric shares surged on Monday after the Quebec-based electric school bus manufacturer announced that it has extended debt deadlines with its lenders and has temporarily laid off more than half of its workforce. The company's stock had added 135% at C$0.60 mid-morning on the update.

Lion Electric shares surge on debt extensions, temporary workforce reduction

MONTREAL , Dec. 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 (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 and Caisse de dépôt et placement du Quebec (the "Finalta CDPQ Loan Agreement"), in order to extend the period applicable to the previously announced suspension of the financial covenants under the Revolving Credit Agreement from November 30, 2024, to December 16, 2024 and extend the maturity date under the Finalta CDPQ Loan Agreement from November 30, 2024 to December 16, 2024. In furtherance of the amendments, an additional advance will be made under the Revolving Credit Agreement and the Company will be permitted under the Finalta CDPQ Loan Agreement to use a limited portion of the receivables to be received by the Company in order to fund the Company's minimum liquidity needs until December 16, 2024.

LION ELECTRIC ANNOUNCES ADDITIONAL AMENDMENTS TO CERTAIN SENIOR CREDIT INSTRUMENTS AND ADDITIONAL WORKFORCE REDUCTIONS

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").

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