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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Lion Electric Co. LEV, said Friday that it swung to a second-quarter profit, helped by a large one-time gain, while revenue rose 77% but was a bit shy of expectations. The maker of electric urban trucks and buses said net income for the quarter to June 30 was $29.44 million, or 19 cents a share, after a loss of $180.2 million, or $1.13 a share, in the year-ago period.

Lion Electric swings to profit on one-time gain, and revenue rises 77% but is shy of expectations

MONTREAL , Aug. 5, 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 second quarter of fiscal year 2022, which ended on June 30, 2022. Lion reports its results in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC ANNOUNCES SECOND QUARTER 2022 RESULTS

MONTREAL , Aug. 2, 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 the addition of two executive positions in the U.S., naming Sydney Dunn as Vice President of Truck Sales, U.S. and Dominik Beckman as Vice President of Marketing and Communications, U.S. In her new role, Dunn will oversee the medium and heavy-duty trucking sales business division in the U.S. for Lion. She brings two decades of sales and operations leadership experience to Lion.

LION ELECTRIC APPOINTS NEW U.S. MARKETING AND TRUCK SALES EXECUTIVES, DOMINIK BECKMAN AND SYDNEY DUNN

Editorial Note: images available for download here: https://www.dropbox.com/sh/qbaslqfmlr4haeg/AABCCJH89pUWULtwbzSIPtUia?dl=0  JOLIET, Ill. , July 27, 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, joined U.S. Secretary of Energy, Jennifer Granholm, Illinois congressman Bill Foster (IL-11) and Illinois industry, economic and workforce development leaders earlier this week for a roundtable discussion discussing the future of the transportation sector, including the deployment of zero-emission heavy-duty vehicles and supporting infrastructure, as well as energy independence.

LION ELECTRIC JOINS U.S. SECRETARY OF ENERGY JENNIFER GRANHOLM, CONGRESSMAN BILL FOSTER AND ILLINOIS STAKEHOLDERS IN ROUNDTABLE DISCUSSING DECARBONIZATION OF TRANSPORTATION

MONTREAL , July 19, 2022 /CNW Telbec/  - 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 its customers in Canada can now receive up to $150,000 in funding under Transport Canada's newly launched Incentives for Medium and Heavy-duty Zero-Emission Vehicles ("iMHZEV") Program. Under this new program, the Canadian Federal Government is providing nearly $550 million in funding for the purchase or lease of medium and heavy-duty trucks over the next four years.

LION ELECTRIC TRUCKS ELIGIBLE FOR UP TO $150,000 IN FUNDING FROM CANADA'S INCENTIVES FOR MEDIUM AND HEAVY-DUTY ZERO-EMISSION VEHICLES PROGRAM

MONTREAL , July 12, 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 will release its 2022 second quarter results on August 5, 2022, 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 2022 RESULTS RELEASE DATE

MONTREAL , June 17, 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 established an "at-the-market" equity program (the "ATM Program") that allows the Company to issue and sell, from time to time through a syndicate of agents, newly issued common shares of the Company ("Common Shares") having an aggregate sale price of up to US$125 million (or the Canadian dollar equivalent), at the Company's discretion. In connection with the establishment of the ATM Program, the Company entered into an Equity Distribution Agreement (the "Equity Distribution Agreement") with Barclays Capital Inc., National Bank of Canada Financial Inc., BMO Capital Markets Corp., Desjardins Securities International Inc., Roth Capital Partners, LLC, Laurentian Capital USA, Raymond James (USA) Ltd.

LION ELECTRIC ESTABLISHES CROSS-BORDER US$125,000,000 ATM EQUITY PROGRAM

Lion currently intends to establish an "at-the-market" equity program following issuance of a receipt for the final Base Shelf Prospectus, subject to market conditions MONTREAL , June 15, 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 filed a preliminary short form base shelf prospectus (the "Base Shelf Prospectus") with the securities regulatory authorities in all provinces and territories of Canada and a corresponding registration statement on Form F-10 (the "Registration Statement") with the United States Securities and Exchange Commission (the "SEC") under the U.S.-Canada multijurisdictional disclosure system (MJDS). The Base Shelf Prospectus, when made final, will allow Lion and certain of its security holders to qualify the distribution by way of prospectus of up to US$350,000,000 of common shares, preferred shares, debt securities, warrants, subscription receipts, units, or any combination thereof, during the 25-month period that the Base Shelf Prospectus remains effective.

LION ELECTRIC FILES PRELIMINARY BASE SHELF PROSPECTUS

MONTREAL , June 7, 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, is proud to announce that the Company has been included in Corporate Knights' inaugural ranking revealing the 50 fastest-growing sustainable companies in Canada. According to Corporate Knights, the ranking acknowledges the fastest growing Canadian companies whose business activities align with the transition to a global clean economy and includes Canada's top 25 fastest-growing sustainable public companies and top 25 fastest-growing sustainable private companies.

LION ELECTRIC INCLUDED IN CORPORATE KNIGHTS' FUTURE 50 FASTEST GROWING SUSTAINABLE COMPANIES IN CANADA RANKING

LONG BEACH, Calif. , May 9, 2022 /CNW Telbec/ - Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty vehicles, today kicked off the Advanced Clean Transportation (ACT) Expo (ACT) in Long Beach, Calif.

LION ELECTRIC CELEBRATES 10 MILLION MILES DRIVEN AT ACT EXPO

MONTREAL , May 6, 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 at its annual shareholder meeting, that it released its first annual Environmental, Social and Governance ("ESG") report, a document that provides an overview of the Company's priorities, as it advances the management of its ESG risks and opportunities. "At Lion, we believe in a healthier, more resilient future for all, and we have a long history of creating reliable, climate-friendly electric vehicles for the well-being of our citizens and the communities in which we live.

LION ELECTRIC RELEASES FIRST ANNUAL ESG REPORT

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JOLIET, Ill. , May 4, 2022 /PRNewswire/ - Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty vehicles, today joined U.S. Secretary of Transportation Pete Buttigieg, Congressman Bill Foster (IL-11), workforce experts, policymakers and industry stakeholders to discuss new opportunities for investments in electric vehicles and clean manufacturing.

Lion Electric and U.S. Secretary of Transportation Pete Buttigieg Join Roundtable Focusing on Workforce Development and Clean Manufacturing in the Electric Vehicle Sector

The Lion Electric Company (NYSE:LEV ) Q1 2022 Earnings Conference Call May 4, 2022 8:00 AM ET Company Participants Isabelle Adjahi - VP, IR and Sustainable Development Marc Bedard - CEO and Founder Nicolas Brunet - EVP and CFO Conference Call Participants Benoit Poirier - Desjardins Capital Markets Jed Dorsheimer - Canaccord Genuity Brian Johnson - Barclays Rupert Merer - National Bank Mark Neville - Scotiabank Michael Glen - Raymond James Jonathan Lamers - BMO Capital Markets Nauman Satti - Laurentian Bank Operator Hello everyone. Good morning and welcome to Lion Electric First Quarter 2022 Results Conference Call.

The Lion Electric Company (LEV) CEO Marc Bedard on Q1 2022 Results - Earnings Call Transcript

Lion Electric has seen its stock price cut by nearly 74% from its 52-week high. The manufacturer of zero-emission medium and heavy-duty vehicles stands to gain from the decarbonisation of transport.

Lion Electric: Could Common Shares See Upside As Electrification Accelerates?

MONTREAL , May 3, 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 first quarter of fiscal year 2022, which ended on March 31, 2022. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS").

LION ELECTRIC ANNOUNCES FIRST QUARTER 2022 RESULTS

JOLIET, Ill. , April 28, 2022 /PRNewswire/ - 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 is preparing to assist customers in securing funding under the first $500 million tranche of the U.S. Environmental Protection Agency  ("EPA")'s $5 billion Clean School Bus Program.

FUNDING OF UP TO $375,000 AVAILABLE FOR EACH LION ELECTRIC ZERO-EMISSION BUS UNDER THE EPA'S $5 BILLION CLEAN SCHOOL BUS PROGRAM

JOLIET, Ill. , April 27, 2022 /PRNewswire/ - Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty vehicles, has announced that the company has signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy (DOE), aimed at accelerating the development and deployment of vehicle-to-everything (V2X) technologies.

LION ELECTRIC CHOSEN FOR V2X COLLABORATION WITH U.S. DEPARTMENT OF ENERGY AND INDUSTRY LEADERS TO DEVELOP BIDIRECTIONAL CHARGING INFRASTRUCTURE

MONTREAL , April 12, 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 will release its 2022 first quarter results on May 3, 2022, after markets close. A conference call and webcast will be held on May 4, 2022, at 8:30 a.m.

LION ELECTRIC ANNOUNCES DETAILS FOR THE RELEASE OF ITS Q1 2022 RESULTS AND FOR ITS VIRTUAL ANNUAL MEETING OF SHAREHOLDERS

MONTRÉAL, April 11, 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, and Transit Truck Bodies ("Transit") today announced the launch of a new lightweight, aerodynamic, 100% electric heavy-duty truck perfectly suited for last-mile urban delivery, that was developed under an upfitter partnership model. Designed by Transit, this zero-emission vehicle built on a Lion6 chassis features an e-Classik box, which is much lighter than the standard model and has been specifically adapted to urban roads.

LION ELECTRIC AND TRANSIT TRUCK BODIES ANNOUNCE LAUNCH OF ELECTRIC VEHICLE FOR THE MEDIUM AND HEAVY-DUTY LAST MILE DELIVERY THAT WAS DEVELOPED UNDER UPFITTER PARTNERSHIP

MONTREAL , April 7, 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 its management information circular (the "Circular") and related meeting and proxy materials have been made available to shareholders in connection with the upcoming annual meeting of shareholders of the Company which will be conducted in virtual-only format on May 6, 2022. The Company also announced that it has previously filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 (the "Annual Report") with the U.S. Securities and Exchange Commission on March 29, 2022.

LION ELECTRIC ANNOUNCES THE FILING OF ITS MANAGEMENT INFORMATION CIRCULAR AND RELATED MATERIALS

MONTREAL , April 4, 2022 /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 for 50 all-electric LionC school buses from Autobus Campeau in the province of Quebec, with deliveries to begin by the first quarter of 2023.  The new buses will be used on school routes in the Brownsburg-Chatham, Gatineau and Rigaud regions and are in addition to the LionC which Autobus Campeau has been operating in their school bus fleet since 2016.

LION ELECTRIC RECEIVES ORDER FOR 50 100% ELECTRIC SCHOOL BUSES FROM GROUPE CAMPEAU

MONTREAL , March 31, 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 received a purchase order for 30 LionC school buses from an undisclosed Canadian customer. This represents the second order of Lion buses from the customer, which will be revealed at a later date.

LION ELECTRIC RECEIVES PURCHASE ORDER FOR 30 SCHOOL BUSES FROM UNDISCLOSED CUSTOMER

JOLIET, Ill., March 23, 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, hosted congressional representatives Bill Foster, Sean Casten and Lauren Underwood, alongside state and federal officials on March 21 at its upcoming Joliet, Ill.

Lion Electric Hosts Federal and State Officials, Key Stakeholders at its Upcoming Illinois Manufacturing Facility

MONTREAL, March 9, 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 several key partnerships with truck upfitters to provide new fully electrified refrigerated, dry freight and aluminum stake body options for its Lion6 zero-emission urban truck. The new partnerships include equipment upfit options from industry leaders Morgan Truck Body, Thermo King, Knapheide and CM Truck Beds.

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