Lion Electric Ord Shs T.LEV

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

Industrials

The Lion Electric Company is a manufacturer of zero-emission vehicles. The Company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. It is engaged in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies. Each Lion vehicle is purpose-built for electric and entirely 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 are divided into three main platforms, namely the Lion5, the Lion6, and the Lion8, and its line-up of all-electric buses can be divided into two main platforms, namely the LionC and LionD buses. It complements its product offering with various services, including sales support, full-service training, charging infrastructure assistance and maintenance support.

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Lion Electric Ord Shs

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Post by Dibah420on Nov 13, 2024 7:58am

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From POW: That's all?

Third Quarter

The net loss from standalone businesses was $107 million, compared with net earnings of $2 million in 2023. The net loss in the third quarter of 2024 includes a negative contribution from Lion of $30 million, including a non-cash impairment charge of $11 million on the Corporation's investment in Lion, which reflects a decline in market value at September 30, 2024, and a negative contribution from LMPG of $93 million, primarily related to the Corporation's share of a non-cash impairment charge recognized on goodwill by LMPG. The negative contributions from Lion and LMPG were partially offset by a positive contribution from Peak of $16 million.