Lion Electric Company (LEV)

[WeTheMarket]

Lion Electric Highlights the Benefits of Zero-Emission Vehicles at its Flagship Experience Centre in Terrebonne, Quebec
September 07 2021 - 12:31PM, PR Newswire (US)
https://ih.advfn.com/stock-market/NYSE/the-lion-electric-LEV/stock-news/85998512/lion-electric-highlights-the-benefits-of-zero-emis

MONTREAL, Sept. 7, 2021 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its flagship Experience Centre in Terrebonne, Quebec. The announcement has been made with Lion CEO – Founder, Marc Bedard, and the Mayor of Terrebonne, Marc-André Plante.

The newest location in Lion's North American network of Experience Centres is designed to showcase the benefits of Lion's heavy-duty electric vehicles and demonstrate the benefits 100% electric trucks and buses can deliver in terms of performance, quality and ease of maintenance. Lion's Experience Centres offer customers a one-stop shop with access to all the equipment and resources needed to transition towards an all-electric fleet, while demonstrating the reliability and real-world performance of its medium and heavy-duty trucks. In addition to Lion's vehicles, this new Experience Centre serves as a showcase for LionEnergy's charging infrastructure solutions and the innovative telematics technology of LionBeat, among other products and services.

A Blueprint for Lion's Growing Network of Experience Centres
Lion's Terrebonne Experience Centre serves as a one-stop-shop for the distribution of vehicles, repair, maintenance, shipping spare parts and more. The Experience Centre has been designed to optimize product demonstration and training and is the home base of a customer support team that incorporates of some of the best transportation electrification expertise in North America.

This Experience Centre measures approximately 48,000 sq-ft, including six service bays, a large array of LionEnergy vehicle charging stations, four garage doors for service, as well as a large office space.

The Terrebonne Experience Centre – now Lion's 8th location in North America – becomes the blueprint for subsequent facilities as Lion continues to expand its network of Experience Centres in Canada and the U.S.. Lion is therefore establishing the first and largest network of zero-emission service and training Centres entirely dedicated to the electrification of medium and heavy-duty transportation in North America.

All-in on Electrification
Today's announcement is just one example of Lion's rapid growth. Lion recently announced the construction of a battery plant and an innovation centre in Mirabel, Quebec, which plans to produce batteries as early as the second half of 2022. Last March, Lion also announced the construction of a vehicle manufacturing plant in the United States which is expected to produce its first vehicles on a similar schedule.

Additionally, the government of Quebec has set a goal of electrifying 65% of school buses in the province by 2030. Lion sees this announcement as a highly ambitious endeavour that will benefit Quebec's economy and environment.

To date, the company has delivered more than 400 all-electric heavy-duty vehicles in North America, with more than 13 million kilometers driven since 2016. All of Lion's vehicles are specifically designed for electric propulsion from the ground up and are currently manufactured at Lion's North American plant, which has a production capacity of 2,500 electric buses and trucks per year.

Quotes

« We are very pleased to welcome Lion to Terrebonne. Lion brings with it a positive impact on our economy as well as our environment. We are confident that the Experience Centre will be a model and inspiration for the clean transportation industry in our city and our region. Congratulations to Lion for all its efforts and the work done so far, we look forward to seeing 100% electric buses and trucks on our local roads today and into the future! »
— Mr. Marc-André Plante, mayor of Terrebonne

«?The opening of this 8th Experience Centre is a new and important step in Lion's continued growth. This centre not only allows us to demonstrate the capabilities and strengths of our vehicles, but also brings us closer to our customers. At Lion we find it extremely important to work closely alongside our clients in their transition towards electrification and this centre helps us to do just that, with all of our services under one roof. We are proud to continue to be a leader in electrification not far from home here in Terrebonne».
— Marc Bédard, President and Founder, Lion Electric

ABOUT LION ELECTRIC

Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles all the key components of its vehicles, including chassis, battery packs, truck cabins and bus bodies.

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

Lion Electric, The Bright Move
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