A Quebec company once hailed as a success story in the electric-vehicle transition has struggled to deliver on many of its most ambitious plans.
Lion Electric Co. made a name for itself selling electric school buses in Canada and the United States. It later targeted the commercial truck market, advertising agreements with Amazon, Canadian National Railway and IKEA.
Headquartered in St-Jérôme, Que., the company opened its first U.S. plant in Illinois in 2023, with an estimated capacity of 20,000 vehicles per year. The Quebec government has invested $177 million in the company, once a star of the province’s EV aspirations….