The Lion Electric Company Stock Price, News & Analysis

The Lion Electric Company (NYSE: LEV) has received an order for 35 LionC electric school buses from Prince Edward Island (P.E.I.), joining the existing 12 buses already in operation. The government of Canada and P.E.I. contributed over $6.3 million for this clean transportation project. This move will help P.E.I. operate one of the largest fleets of zero-emission school buses in North America, preventing up to 1,000 tonnes of greenhouse gas emissions annually. With over 390 all-electric vehicles delivered since 2016, Lion continues to lead in the zero-emission heavy-duty vehicle sector.

The Lion Electric Company (NYSE: LEV) announced a deal with Green Mountain Power (GMP) to supply two all-electric trucks: a Lion8 bucket truck and a Lion6 stake body truck. GMP will be among the first utilities in New England to integrate electric heavy-duty trucks, aimed at reducing carbon emissions and operational costs. The trucks are expected to deliver significant savings, including up to 60% in maintenance costs and up to 80% in energy costs. Lion Electric has established itself as a leader in the zero-emission vehicle sector, having delivered over 390 electric vehicles in North America.

Lion Electric Company (NYSE: LEV) announced the appointment of Nathalie Giroux as Chief People Officer, effective August 9, 2021. Giroux will oversee human resources, focusing on organizational development and employee engagement as the company expands its workforce in North America. CEO Marc Bedard emphasized the importance of aligning human resources with business strategy to maintain a competitive edge in the zero-emission vehicle industry. Giroux brings over 25 years of HR experience from various industries, including automotive and aviation.

The Lion Electric Company (NYSE: LEV) announced the release date for its 2021 second quarter financial results, scheduled for August 13, 2021, before market opening. A conference call will follow at 8:30 a.m. (Eastern Time) on the same day to discuss the results. Lion Electric specializes in manufacturing all-electric medium and heavy-duty urban vehicles, including trucks and buses, and is known for its commitment to zero-emission transportation solutions. Investors can access the conference via phone or a live webcast on the company’s website.

The Lion Electric Company (NYSE: LEV) has appointed Francois Beaulieu as Chief Information Officer, effective June 7, 2021. Beaulieu will oversee Lion's digital initiatives and optimize IT investments, crucial as the company expands its product portfolio and manufacturing capabilities. With over 30 years of experience in various industries, including as CIO at Cogeco, Beaulieu's expertise is expected to enhance Lion's information systems. Lion Electric is a leader in manufacturing all-electric medium and heavy-duty vehicles, focusing on sustainable transportation.

Lion Electric Company (NYSE: LEV) has announced a battery manufacturing plant and innovation center in Mirabel, Quebec, with groundbreaking set for June 2021. The facility will cover 1.6 million square feet and represents a CAD $185 million investment, expected to produce 5 gigawatt hours of batteries annually—enough to power about 14,000 electric trucks and buses. The plant aims to enhance Lion's control over battery production and create up to 250 direct jobs, further promoting electrification in the region.

The Lion Electric Company (LEV) reported Q1 2021 results with significant growth in vehicle deliveries, increasing to 24 from 2 in the corresponding period last year. Revenue surged to $6.2 million, up $5.0 million year-over-year. However, the company experienced a negative gross profit of $1.8 million and increased administrative and selling expenses. The order book stood at 817 vehicles valued over $225 million, highlighting strong demand amid challenges from the COVID-19 pandemic. Lion also announced key management hires and progress on its U.S. manufacturing facility.

Lion Electric Company (NYSE: LEV) has received the largest order in its history from First Student, who is set to acquire 260 all-electric LionC school buses. This significant order positions First Student as the leading operator of zero-emission school buses in North America. Deliveries are scheduled from the second half of 2021 to the first half of 2023 and will support First Student's subsidiary, Transco, in Quebec. The deal marks a pivotal step towards enhancing electrification and sustainability in student transportation.

Lion Electric (NYSE: LEV) has been chosen to take part in the Heritage-Romeo Power Fleet Electrification Program. This initiative, led by Heritage and Romeo Power, aims to electrify fleets with an initial order of five all-electric trucks for a validation program. If successful, Heritage plans to acquire an additional 100 trucks over four years, including 80 Lion8 and 20 Lion6 models, starting production in 2022. This partnership emphasizes reducing greenhouse gas emissions and promoting zero-emission vehicles across North America.