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Lion Electric Ord Shs T.LEV

Alternate Symbol(s):  LEV | LEV.WS | LEV.WS.A | T.LEV.WT | T.LEV.WT.A

The Lion Electric Company is a manufacturer of zero-emission vehicles. The Company designs and manufactures all-electric school buses, midi/minibuses for special needs or urban transit, as well as urban trucks. Each Lion vehicle is purpose-built for electric and designed and assembled in-house, with its own chassis, truck cabin or bus body, battery technology with modular energy capacity and Lion software integration. Its purpose-built all-electric trucks can be divided into four main platforms based on gross vehicle weight rating (GVWR), namely the Lion5, Lion6, the Lion8 and the Lion8 Tractor trucks, and its line-up of all-electric buses consists of Type A, Type C and Type D buses. Its medium and heavy-duty electric vehicles (EVs) are specifically designed to address the needs of the sub-250-mile mid-range urban market. It complements its product offering with various services, including sales support, full-service training, charging infrastructure assistance and maintenance support.


TSX:LEV - Post by User

Comment by Dibah420on Nov 08, 2023 3:40pm
174 Views
Post# 35724411

RE:Conference call

RE:Conference call I didn't have time for the c.c.   But your query was answered in the published comments here on SH.  The Joliet sales have been woeful.
We were promised production end of 2022 ( yes we got one prototype bus) but  in the last 10 months of 2023 Joliet has lagged St Jerome given that J is many many times larger and consuming most of the capex.
I am concerned that in the upcoming elections whether in US or in Canada a change in governments could threaten the extremely generous subsidies without which I fear a collapse in sales.
We experienced it here in Ontario when the (now scandal ridden) Doug Ford govt was elected they slashed almost every "green" subsidy in sight just because it had a Liberal provenance,



"For the three months ended September 30, 2023, revenue amounted to $80.3 million, an increase of $39.4 million compared to the corresponding period in the prior year. The increase in revenue was due to an increase in vehicle sales volume of 89 units, from 156 units (108 school buses and 48 trucks; 140 vehicles in Canada and 16 vehicles in the U.S.) for the three months ended September 30, 2022 to 245 units (220 school buses and 25 trucks; 132 vehicles in Canada and 113 vehicles in the U.S.) for the three months ended September 30, 2023."
Cheers


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