Lion Electric

Lion Electric announced plans to build a new U.S. manufacturing facility in Joliet, Illinois, with an initial investment of at least $70 million. The plant will have an annual capacity of 20,000 all-electric medium and heavy-duty vehicles and is expected to create 745 jobs.

Lion Electric announced the construction of a battery manufacturing plant and innovation center in Quebec. The $185 million CAD facility will produce battery packs and modules, with operations planned to begin in early 2023.

Meritor announced a three-year supply agreement with Lion Electric to supply Blue Horizon 14Xe integrated ePowertrains for Lion Electric Class 8 tractors, with production starting mid-2021.

The Lion Electric Company announced a merger agreement with SPAC Northern Genesis Acquisition Corp., with a US$200 million private placement, expected to list on NYSE under ticker LEV at a US$1.9 billion valuation.