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Content tagged with: Lion Electric

Lion Electric defaults on debts, to seek creditor protection

Tyler Choi Transportation Lion Electric Greater Montreal Dec. 17 2024

The Lion Electric Company (LEV-T) announced this morning it expects to seek creditor protection after its credit and loan facilities expired, leading the electric vehicle manufacturer to discuss restructuring and a formal sales and investment process.

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.

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