Published 28 days ago • loading... • Updated 25 days ago

Quebec EV company Lion Electric made big promises, but struggled to deliver

Lion Electric Co. Has struggled to deliver on its plans despite being a notable player in the electric vehicle market.
The company has faced significant financial issues, including $500 million in debt and has sought creditor protection to focus solely on school buses.
Investors, including Adam Mulhall, have expressed frustration over unfulfilled promises, such as undelivered orders to Amazon and CN.
Vasundhara Saravade highlighted the challenges faced by electric vehicle companies in Canada, such as high costs and regulatory hurdles, impacting their operations.

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JONATHAN TURLEY

Full Charge: EPA Sent $160 Million to now Bankrupt Canadian Electric Bus Company

There is considerable buzz in Washington about the disclosures of Administrator for the Environmental Protection Agency (EPA), Lee Zeldin on controversial grants by the Biden Administration, including the $50 million environmental justice grant to an organization that believes “climate justice travels through a Free Palestine.” However, one item was particularly notable: $160 million to a Canadian electric bus manufacturer which later announced …

27 days ago

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The Epoch Times

Quebec EV Company Lion Electric Made Big Promises, but Struggled to Deliver

A Quebec company once hailed as a success story in the electric-vehicle transition has struggled to deliver on many of its most ambitious plans. Lion Electric Co. made a name for itself selling electric school buses in Canada and the United States. It later targeted the commercial truck market, advertising agreements with Amazon, Canadian National Railway and IKEA. Headquartered in St-Jérôme, Que., the company opened its first U.S. plant in Illi…

28 days ago·New York, United States

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Rocky Mountain Outlook

+4 Reposted by 4 other sources

Quebec EV company Lion Electric made big promises, but struggled to deliver

MONTREAL — A Quebec company once hailed as a success story in the electric-vehicle transition has struggled to deliver on many of its most ambitious plans. Lion Electric Co.

28 days ago

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La Presse

The Future of Electric Lions: A liquidation or a revival?

A spare part sale or a revival of activities thanks to a new owner: these are the two scenarios that are in front of the electric truck and bus manufacturer Lion Electric, sheltered from its creditors since December 18th.

28 days ago·Montreal, Canada

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IndustryWired

Investing in EV Companies Amid Political Uncertainty

EV Investments Amid Global Instability: Risks & Opportunities In the Year 2025 The electric vehicle (EV) industry has experienced rapid growth in recent years, driven by technological advancements, climate policies, and consumer demand for sustainable transportation. However, political uncertainty can significantly impact EV investments, influencing market stability, regulatory policies, and government incentives. Understanding these factors i…

25 days ago

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