The Lion Electric Company - LEV STOCK NEWS

The Lion Electric Company (NYSE: LEV) announced its participation in key investor conferences in March 2022. The events include the 34th Annual Roth Conference on March 14 in Dana Point, CA, the virtual 2022 Desjardins Diversified Conference on March 17, and the virtual 50th Annual Scotia Howard Weil Energy Conference on March 22. Lion Electric is recognized for manufacturing zero-emission vehicles, including all-electric trucks and buses, and is committed to enhancing urban transportation. For more details, visit the company website.

The Lion Electric Company (LEV) reported its Q4 and fiscal year 2021 results, highlighting a revenue increase of 69.6% to $22.9 million compared to Q4 2020. Vehicle deliveries rose to 71 from 46 year-over-year. Despite a gross profit drop to $2.2 million, net earnings surged to $28.3 million, primarily due to a $46.6 million gain in share warrant obligations. For the year, total revenue reached $57.7 million, a 142.9% increase, while net loss narrowed to $43.3 million from $97.4 million in 2020. As of year-end, Lion held $241.7 million in cash and has over 2,300 vehicles on order valued at approximately $575 million.

The Lion Electric Company (NYSE: LEV) has formed a partnership with Cox Automotive Mobility to enhance customer service for Lion's all-electric medium and heavy-duty vehicles across the U.S. This agreement follows a successful pilot program initiated in 2021 and allows Lion customers access to Cox's 25 maintenance centers, 1,000+ technicians, and nearly 800 mobile service trucks. The collaboration aims to provide more convenient support and bolster customer experience as the demand for electric vehicles grows. Lion is committed to ongoing training for Cox technicians on high-voltage system maintenance.

The Lion Electric Company (NYSE: LEV) has launched LionCapital Solutions, a new division offering tailored financing solutions for the medium and heavy-duty electric vehicle market. This initiative aims to simplify the financing process and maximize access to funding for customers transitioning to all-electric fleets. Led by William Blanchard, LionCapital Solutions will integrate financing with Lion's existing ecosystem, which includes vehicle maintenance and charging infrastructure. CEO Marc Bedard emphasizes the significance of this move in supporting zero-emission vehicle adoption.

The Lion Electric Company (NYSE: LEV) announced it will release its fourth quarter and fiscal year 2021 results on February 24, 2022, after market close. A conference call will be held on February 25, 2022, at 8:30 a.m. EST to discuss the financial results. Lion Electric is a leading manufacturer of all-electric urban vehicles, including commercial trucks and buses, contributing to a sustainable future. The company is recognized as a North American leader in electric transportation, with shares listed on the NYSE and TSX under the symbol LEV.

The Lion Electric Company (NYSE: LEV) has secured its new production facility in Joliet, Illinois, expected to be the largest site for zero-emission medium and heavy-duty vehicles in the U.S. upon completion. With an anticipated annual capacity of 20,000 vehicles, this facility will create approximately 1,400 clean energy jobs over the next four years. Additionally, Lion has appointed Richard Coulombe as Senior VP for Strategic Initiatives and Eric Pansegrau as General Manager of the Joliet Plant, both key to driving the company's growth as production begins in 2022.

Lion Electric Company (NYSE: LEV) announced a conditional purchase order for 200 all-electric LionC school buses from Langs Bus Lines, with deliveries scheduled from 2022 to 2026. The order's fulfillment is dependent on obtaining grants from the Canadian government's Zero-Emission Transit Fund, which allocates $2.75 billion over five years for the electrification of public transit. This partnership aims to enhance sustainable transportation options in Ontario and reflects growing momentum for zero-emission vehicles in the region.

Lion Electric Company (NYSE: LEV) announced its addition to the S&P/TSX Composite Index effective December 20, 2021. This milestone is significant for the company as it enhances its visibility to more investors and improves stock liquidity. The S&P/TSX Composite Index is a key benchmark in the Canadian equity market, indicating Lion's growing presence in electric transportation. CEO Marc Bedard highlighted that this inclusion could potentially broaden the investor base through index funds.

Lion Electric Company (NYSE: LEV) announced a conditional order for 55 all-electric school buses from Groupe Autobus Séguin, including 45 LionA and 10 LionC models, set for delivery by 2025. This follows a previous order of 60 vehicles in January 2021, of which 10 are currently operational. The new order is contingent upon funding from the Quebec government's School Transportation Electrification Program and the Canadian federal government's Zero Emission Transit Fund. The collaboration emphasizes Lion's role in advancing zero-emission transportation in Quebec.