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Greater Montreal

Lion Electric selling innovation centre for $50M to lower debt

Tyler Choi Transportation Lion Electric Greater Montreal Dec. 6 2024

The Lion Electric Company (LEV-T) will be selling its innovation centre in Mirabel, Qué. to the Montréal–Trudeau International Airport for $50 million to pay off debts that have been weighing down the company.

Lion Electric gets creditor extension, temporarily lays off 400 employees

Tyler Choi Transportation Lion Electric Greater Montreal Dec. 2 2024

Lion Electric Company (LEV-T) temporarily laid off more than half its workforce and received a two-week extension on credit and loan facilities, as it seeks options to stay afloat.

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