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

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 amendment

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. Dominion Energy, the main electricity provider in Virginia, is supporting public school districts within its Virginia service territory by providing fast-charging solutions to districts that receive Environmental Protection Agency ("EPA") Clean School Bus funding. As part of this program, Dominion Energy facilitates the coordination of utilities, network upgrades

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 18, 2024 /CNW/ - Labatt Breweries of Canada, a leading beverage company committed to sustainability, unveiled today its first zero-emission mobile repair service truck. Thanks to a contribution from the Government of Quebec, this innovative addition to Labatt's delivery fleet represents a step forward in the company's efforts to reduce its energy consumption and greenhouse gas emissions. "The zero-emission mobile repair truck supports our goal of achieving net-zero emissions across all Labatt operations by 2040, coast to coast. It reflects our dedication to inno

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, 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

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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

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 successful final certification for its heavy-duty ("HD") battery pack, the LionBattery HD, a lithium-ion battery pack specifically designed for the Company's purpose-built heavy-duty trucks. Lion, in collaboration with third-party testing partners, conducted stringent testing to meet the certification requirements. The LionBattery HD pack is now certified to meet the most rigorous criteria and safety regulations in the automotive industry. These 105 kWh proprietary battery packs will power the Lion8 Tractor, an all-electr

DA Davidson analyst Michael Shlisky maintains Lion Electric (NYSE:LEV) with a Buy and lowers the price target from $3.5 to $1.5.

BMO Capital analyst Tamy Chen maintains Lion Electric (NYSE:LEV) with a Market Perform and lowers the price target from $2 to $1.

Barclays analyst Dan Levy maintains Lion Electric (NYSE:LEV) with a Equal-Weight and lowers the price target from $2 to $1.

Roth MKM analyst Craig Irwin maintains Lion Electric (NYSE:LEV) with a Buy and lowers the price target from $2.5 to $2.

The Lion Electric Company (NYSE:LEV) reported first-quarter 2024 revenue growth of 1.4% year-over-year to $55.48 million, missing the consensus of $69.16 million. The revenue increase was mainly due to a higher proportion of U.S. vehicle sales, enhancing the product mix, though partially offset by a drop in sales volume from 220 to 196 units over the quarter. Gross loss was $(11.1) million, reflecting higher manufacturing costs due to the introduction of a new product, versus a gross loss of $(2.3) a year ago. Adjusted EBITDA loss was $(17.3) million compared to $(14.5) million loss a year ago. The company reported a wider net loss of $(21.7) million in the quarter, compared to $

Lion Electric (NYSE:LEV) reported quarterly losses of $(0.10) per share which missed the analyst consensus estimate of $(0.09) by 11.11 percent. The company reported quarterly sales of $55.50 million which missed the analyst consensus estimate of $69.16 million by 19.75 percent. This is a 1.46 percent increase over sales of $54.70 million the same period last year.

The California Energy Commission (CEC) has awarded BorgWarner Inc. (NYSE:BWA) and project partners Fermata Energy and The Lion Electric Company (NYSE:LEV) (TSX:LEV) ("Lion Electric") a $3 million grant for an innovative Vehicle-to-Grid (V2G) project. This initiative is set to bring grid-supporting and cost-saving V2G solutions for services provided by American Transportation to California school districts, marking a significant step forward in energy management and the transition to electric school buses.

DA Davidson analyst Michael Shlisky maintains Lion Electric (NYSE:LEV) with a Buy and lowers the price target from $4 to $3.5.

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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

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