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Lion Electric Company (NYSE: LEV) has appointed Brian Piern as Chief Commercial Officer, effective June 7, 2021. Piern will focus on expanding the company’s market share and nurturing client relationships in the zero-emission fleet technology sector. His prior experience includes significant roles at XL Fleet Corp and Element Fleet Management. CEO Marc Bedard expressed confidence in Piern's ability to lead Lion during a pivotal time for heavy-duty electric vehicles. The company is a leader in the manufacturing of all-electric urban vehicles and is committed to advancing zero-emission transportation.
The Lion Electric Company (NYSE: LEV) will announce its 2021 first quarter results on May 17, 2021, before market opens. A conference call and webcast to discuss the results will occur on the same day at 8:30 a.m. (Eastern Time). Investors can join the call by dialing (236) 714-3941 or (833) 329-1697 (toll free) or via a live webcast. Lion Electric specializes in manufacturing all-electric medium and heavy-duty urban vehicles, focusing on innovation and zero-emission solutions to enhance urban transportation and environmental quality.
Lion Electric Company (NYSE: LEV) has announced plans to build a 900,000 sq-ft manufacturing facility in Joliet, Illinois, aimed at producing zero-emission vehicles. The facility is expected to begin operations in the second half of 2022 with an annual production capacity of up to 20,000 electric buses and trucks. Lion is investing at least $70 million over three years and anticipates creating 745 clean energy jobs. This strategic expansion will position Lion to meet the growing demand for electric commercial vehicles and support U.S. decarbonization goals.
Northern Genesis Acquisition Corp. (NGA) announced stockholder approval for its business combination with The Lion Electric Company. This deal will allow Lion's shares to trade under the symbol 'LEV' on NYSE and 'LEV.WT.' for its warrants. NGA plans to file an amendment to its Form 10-K reflecting changes in the classification of its warrants due to new SEC guidance. The closing of this combination is contingent on meeting specific regulatory and procedural requirements.
Lion Electric has appointed François Duquette as the new Vice President, Chief Legal Officer and Corporate Secretary, effective April 12, 2021. Duquette brings over 20 years of international business experience, previously serving at Caisse de dépôt et placement du Québec. His role will involve overseeing legal and regulatory affairs while providing strategic counsel to the management team. This appointment comes as Lion prepares for its new chapter as a public company, anticipated to list under the ticker symbol LEV on the NYSE following its merger with Northern Genesis Acquisition Corp.
Lion Electric secured an order for 10 all-electric school buses from the Los Angeles Unified School District (LAUSD), cementing its position in California's zero-emission vehicle market. These buses provide a range of 155 miles and feature an integrated wheelchair lift. This order follows a prior delivery to Twin Rivers Unified School District and is backed by funding from the California Energy Commission's School Bus Replacement Program. Lion Electric has delivered over 300 electric buses, accumulating over 6 million miles since 2016. The company is expected to merge with Northern Genesis Acquisition Corp., trading under the symbol 'LEV'.