Lion Electric Takes Possession Of 20,000 Annual Vehicle Capacity Illinois Facility

The Lion Electric Company (TSX: LEV) started the year with major updates. The automaker announced that it has taken possession of its upcoming production facility in Joliet, Illinois.

The firm said the manufacturing facility has an expected annual production capacity of up to 20,000 vehicles, claiming it will “represent the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the U.S.”

Our production from the Joliet plant will support the national demand for zero-emission electric school buses, paratransit buses, and trucks ranging from Class 5 to Class 8,” said CEO Marc Bedard.

Improvement work is currently ongoing and the company is targeting the first vehicles from the facility by H2 2022.

The Lion Electric Company last traded at $12.27 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Recommended

Steadright Begins Preliminary Economic Assessment On TitanBeach Project

Three Miners Trapped Underground At Newmont’s Red Chris Mine

Related News

Lion Electric: The Third Electric Vehicle Maker To Lay Off Employees This Week

Lion Electric (TSX: LEV) this morning disclosed its decision to downsize its workforce, marking the...

Thursday, April 18, 2024, 10:21:35 AM

Lion Electric Pitches To Assist School Districts In Securing Funding From The US$5 Billion Federal Electric Bus Program

The Lion Electric Company (TSX: LEV) announced on Thursday that it is preparing to assist...

Friday, April 29, 2022, 11:33:00 AM

Well Health, Hut 8 Mining Removed From S&P/TSX Composite In Favor Of Energy Firms

In the words of Bob Dylan, the times they are a-changin’. It appears that Canadian...

Saturday, June 4, 2022, 11:05:00 AM

Lion Electric Gets Conditional Purchase For 1,000 Electric Buses From Student Transportation Of Canada

The Lion Electric Company (TSX: LEV) announced this morning the receipt of the conditional purchase...

Monday, October 25, 2021, 09:22:00 AM

Lion Electric To File For Creditor Protection After Defaulting On Debt

Canada’s Lion Electric Company (TSX: LEV) is throwing in the towel. The electric vehicle maker...

Tuesday, December 17, 2024, 09:00:07 AM