Quarterly updates from electric school bus manufacturer Lion Electric, covering revenues and sales and delivery reports.
The first batteries made at the plant in Mirabel are expected to power the company's LionC and LionD school buses and Lion5 trucks.
The LionC bus at Bend-La Pine Schools can travel up to 125 miles when fully charged.
The Montreal-based electric vehicle company reported $46.8 million in revenue for the fourth quarter and overall annual revenue of $139.9 million, with more than 500 vehicles delivered.
Lion Electric has reached an agreement with Mitsubishi HC Capital Canada and ENGS Commercial Finance Co. to provide vehicle financing through LionCapital Solutions.
Certification of the proprietary battery pack made at the company's battery manufacturing facility in Maribel, Quebec, is expected in the first quarter of 2023.
The LionC zero-emission bus went to Maine, funded during the first round of the Environmental Protection Agency’s effort to kickstart interest in cleaner school buses.
The company delivered 156 vehicles, up 116 compared to the same period last year, with $41 million in reported revenue.
The milestone marks the company's first "made in the U.S.A." school bus now that the new facility in Joliet, Ill., is up and running.
The electric vehicle manufacturer showed off its Joliet, Ill., facility to guests including U.S. Sen. Dick Durbin, U.S. Rep. Bill Foster, and Illinois Gov. J.B. Pritzker.
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