US EditionNo more public money for Lion Electric, Quebec government says
- Lion Electric, an electric-vehicle manufacturer headquartered in St-Jérôme, Quebec, is facing uncertainty after seeking creditor protection in December 2024.
- The Quebec government decided against further public funding following Lion Electric's recovery plan, which it said did not justify additional investment despite prior contributions.
- In 2021, Lion Electric opened a large production plant near Joliet, Illinois, aiming to produce over 10,000 electric vehicles annually and create about 1,400 jobs.
- The company is auctioning off equipment from the Joliet facility, with an inspection scheduled for May 14, 2025, and a public auction on May 15, signaling operational challenges.
- This situation suggests significant challenges for Lion Electric's future viability, despite interest from Quebec investors needing $20 million in government aid to acquire the company.
23 Articles
23 Articles
No More Public Money for Lion Electric, Quebec Government Says
The Quebec government says it won’t invest more public money in Lion Electric, putting the electric-vehicle maker’s future in doubt. Economy Minister Christine Fréchette said in a statement Wednesday evening that it wouldn’t be responsible to inject more government funds into the struggling company. She said that while the province has a duty to support Quebec businesses, Lion’s recovery plan recently submitted to the government “did not justify…
Public Auction Next For Joliet's Failed Lion Electric Bus Manufacturer
Public Auction Next For Joliet's Failed Lion Electric Bus Manufacturer - Joliet, IL - On May 7, 2021, Gov. J.B. Pritzker came to Joliet to reveal that Canada's Lion Electric will open its first United States plant in Joliet.
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