An investment group, led by Canadian real-estate tycoon Vincent Chiara, submitted this bid. This comes after the Board has been actively seeking capital in order to restructure the business.

Immediately the Trump regime withdrew the country from the Paris Agreement as well as the UN Framework Convention on Climate Change. This is all under the mandate of “Unleashing American Energy” whilst reducing the stranglehold of climate change policies on American industry.

In late December 2024, Lion Electric obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA) in Canada and filed for Chapter 15 bankruptcy in the United States.

The company cut 300 jobs in the U.S. and Canada amid financial pressure as it seeks profitability. The cuts came in the manufacturing and administrative segments of the business.

There was plenty to report from the 2024 edition of the Advanced Clean Transportation (ACT) Expo held at the Las Vegas Convention Center between May 20-23.

Currently in series production in Joliet, Illinois, the 127,000 pound (or 57.6 tonnes GVW) truck is powered by a TM4 Sumo electric powertrain from Dana and is fitted with a 630 kWh battery pack which provides a range of 275 miles (440kms) on a single charge.

New York Mayor, Eric Adams, announced USD 77 million in federal funding for the New York School Bus Incentive Program (NYSBIP), which provides subsidies to help NY school districts fund the acquisition of 180 new electric school buses.

The company cut 150 jobs in the U.S. and Canada amid financial pressure as it seeks profitability. The cuts came in the manufacturing and administrative segments of the business.

By the end of 2023, the factory will be producing up to 2,500 electric school buses a year whilst employing 1,400 new staff members.

The ‘Lion5’ cab-chassis is categorised by Lion Electric as a Class 5 vehicle, but in fact it is being offered in configurations up to 26,000 lbs gross vehicle weight rating (i.e., the upper limit of Class 6).

Lion Electric is to offer a lithium-ion battery pack, produced at its Mirabel facility in Quebec, with final certification of the product set to take place in Q1 2023 before going into series production.

Maumee, Ohio-based Dana Inc has entered an agreement with Lion Electric Co of Saint-Jérôme, Canada, to supply its electric trucks and buses with drive components. The agreement covers electric motors, inverters, controllers, axles, and driveshafts for all of Lion’s electric platforms.