MONTREAL, Jan. 3, 2025 /PRNewswire/ - The Lion Electric Company (NYSE:LEV) (TSX:LEV) ("Lion" or the "Company") announced today a reduction of its workforce through temporary layoffs of approximately 150 employees, in both Canada and the United States, across all departments within the organization. Following this workforce reduction, Lion will have approximately 160 employees who will mainly focus on assisting Lion's customers with the maintenance and servicing of school buses and trucks. The Company was required to implement this workforce reduction in the context of its ongoing proceedings under the Companies' Creditors Arrangement Act ("CCAA") as per the terms and conditions of the debto

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. The Company and its subsidiaries

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. In its application for an initial order, the Company seeks the approval of a formal sale and investment s

Company to initiate restructuring proceedings under the CCAAMONTREAL, 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 Capi

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 se

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

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. Trading in the Company's common shares — ticker symbol LEV — and another series of warrants with an expiration date of December 15, 2027 – ticker symbol LEV.WS.A – will continue

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

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"). Q3 2024 FINANCIAL HIGHLIGHTS Revenue of $30.6 million, down $49.7 million, as compared to $80.3 million in Q3 2023.Delivery of 89 vehicles, a decrease of 156 vehicles, as compared to the 245 delivered in Q3 2023.Gross loss of $16.0 million, as compared to gross p

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. (Eastern Time) to discuss the results. To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 946933. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Investors" section. An ar

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25-NSE - Lion Electric Co (0001834974) (Subject)

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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"). Q3 2024 FINANCIAL HIGHLIGHTS Revenue of $30.6 million, down $49.7 million, as compared to $80.3 million in Q3 2023.Delivery of 89 vehicles, a decrease of 156 vehicles, as compared to the 245 delivered in Q3 2023.Gross loss of $16.0 million, as compared to gross p

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. (Eastern Time) to discuss the results. To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 946933. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Investors" section. An ar

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"). Q2 2024 FINANCIAL HIGHLIGHTS Revenue of $30.3 million, down $27.7 million, as compared to $58.0 million in Q2 2023.Delivery of 101 vehicles, a decrease of 98 vehicles, as compared to the 199 delivered in Q2 2023. Less vehicles were delivered due to the impact of the

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. (Eastern Time) to discuss the results. To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 940640. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Investors" section. An arc

MONTREAL, May 8, 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 first quarter of fiscal year 2024, which ended on March 31, 2024. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS"). Q1 2024 FINANCIAL HIGHLIGHTS Revenue of $55.5 million, up $0.8 million, as compared to $54.7 million in Q1 2023.Delivery of 196 vehicles, a decrease of 24 vehicles, as compared to the 220 delivered in Q1 2023.Gross loss, reflecting higher manufacturing costs due to th

MONTREAL, April 23, 2024 /CNW/ - 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 first quarter 2024 results on May 8, 2024, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m. (Eastern Time) to discuss the results. To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 431009. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Investors" section. An archive of t

MONTREAL, April 23, 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 first quarter 2024 results on May 8, 2024, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m. (Eastern Time) to discuss the results. To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 431009. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Investors" section. An archi

MONTREAL, Feb. 29, 2024 /CNW/ - 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 fourth quarter and fiscal year ended on December 31, 2023. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS"). Q4 2023 FINANCIAL HIGHLIGHTS  Revenue of $60.4 million, up $13.7 million, as compared to $46.8 million in Q4 2022.Delivery of 188 vehicles, an increase of 14 vehicles, as compared to the 174 delivered in Q4 2022.Gross loss of $9.1 million as compared to a gross loss of $4.8 millio

MONTREAL, Feb. 29, 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 fourth quarter and fiscal year ended on December 31, 2023. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS"). Q4 2023 FINANCIAL HIGHLIGHTS  Revenue of $60.4 million, up $13.7 million, as compared to $46.8 million in Q4 2022.Delivery of 188 vehicles, an increase of 14 vehicles, as compared to the 174 delivered in Q4 2022.Gross loss of $9.1 million as compared to a gross loss of $4.8

MONTREAL, Feb. 15, 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 fourth quarter and fiscal year 2023 results on February 29, 2024, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m. (Eastern Time) to discuss the results. To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 863541. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Invest

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DA Davidson downgraded Lion Electric from Buy to Neutral and set a new price target of $1.00 from $1.50 previously

National Bank Financial downgraded Lion Electric from Outperform to Sector Perform and set a new price target of $2.75

R. F. Lafferty initiated coverage of Lion Electric with a rating of Buy and set a new price target of $7.00

BMO Capital Markets initiated coverage of Lion Electric with a rating of Market Perform and set a new price target of $2.00

Barclays initiated coverage of Lion Electric with a rating of Equal Weight and set a new price target of $3.00

Northland Capital initiated coverage of Lion Electric with a rating of Outperform and set a new price target of $5.00

Canaccord Genuity downgraded Lion Electric from Buy to Hold and set a new price target of $2.50 from $8.00 previously

B. Riley Securities initiated coverage of Lion Electric with a rating of Buy and set a new price target of $5.00

DA Davidson initiated coverage of Lion Electric with a rating of Buy and set a new price target of $7.00

ROTH Capital initiated coverage of Lion Electric with a rating of Buy and set a new price target of $13.00

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. In its application for an initial order, the Company seeks the approval of a formal sale and investment s

MONTREAL, May 15, 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 held its annual meeting of shareholders (the "Meeting") as a virtual meeting. A total of 124,783,928 common shares (representing approximately 55.16% of all issued and outstanding common shares of the Company) were represented online or by proxy at the Meeting. Lion hereby announces that shareholders of the Company (the "Shareholders") voted in favour of all items of business put forth at the Meeting by the Company. The complete voting results for each item of business at the Meeting are presented be

MONTREAL, Sept. 11, 2023 /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 Nicolas Brunet has been appointed as President, effective as of today. In his new and expanded role, Nicolas will work alongside Marc Bedard, CEO-Founder, on the elaboration and execution of all strategic aspects of the business, with a focus on accelerating sales across the United States and Canada, and oversee all commercial operations. Prior to that, Nicolas served

MONTREAL, May 30, 2023 /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 held its annual meeting of shareholders (the "Meeting") as a completely virtual meeting. A total of 128,697,659 common shares (representing approximately 58% of all issued and outstanding common shares of the Company) were represented online or by proxy at the Meeting. Lion hereby announces that shareholders of the Company (the "Shareholders") voted in favour of all items of business put forth at the Meeting by the Company. The complete voting results for each item of business at the Meeting are pres

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. In her most recent role as Director of Fleet Sales and Operations at ElectraMeccanica, Dunn oversaw all sales and

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 held its annual meeting of shareholders (the "Meeting") as a completely virtual meeting. A total of 109,982,408 common shares (representing approximately 58% of all issued and outstanding common shares of the Company) were represented online or by proxy at the Meeting. Lion hereby announces that shareholders of the Company (the "Shareholders") voted in favour of all items of business put forth at the Meeting by the Company. The complete voting results for each item of business at the Meeting are prese

MONTREAL, Feb. 18, 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 the launch of LionCapital Solutions, a new division dedicated to providing customers with flexible financing solutions specifically tailored to the medium and heavy-duty electric vehicle market. Leveraging Lion's existing vehicle financing alternatives, LionCapital Solutions will commercialize a programmatic financing offering that can be deployed at scale and is specifically desi