Quarterly updates from electric school bus manufacturer Lion Electric, covering revenues and sales and delivery reports.
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.
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 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.
The company delivered 105 vehicles and reported revenue of $29.5 million for the quarter – up $12.8 million compared to the same period last year.
The roundtable focused on how reducing carbon emissions can help lead to energy neutrality and how green jobs are the future for the manufacturing industry.
The U.S. Department of Energy's new memorandum of understanding seeks to explore and evaluate technical and economic feasibility for bidirectional charging infrastructure.
Four key partnerships will bring on new fully electric refrigerated, dry freight, and aluminum stake body options for the Lion6 urban truck.
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