Leading medium and heavy-duty urban electric vehicle platform targeting significant total addressable market in the U.S. and Canada
- More than 800 vehicles on the road today with more than ten million miles driven
- 7 purpose-built electric truck and school bus models available for purchase today coupled with near-term product launches
- Manufacturing facility near Montreal, Quebec capable of producing ~2,500 vehicles per year1 at full scale
(1) Represents management's estimates of the projected annual vehicle production capacity at the facility after completion of the production ramp-up and scale-up of manufacturing operations.
Winning commercial strategy: established relationships with top tier players and substantial pipeline
- Multi-year purchase agreement for the purchase of up to 2,500 Lion6 and Lion8 trucks at customer’s discretion executed in June 2020
- Visibility on potential vehicles sales, including from purchase orders in hand and a growing sales pipeline
12+ years of all-electric vehicle R&D and manufacturing experience provides in-house industry expertise
- Battery and R&D division comprised of ~300 experienced engineers and technicians
- All vehicles purpose-built for electric in-house, with our own chassis, body/cabin, proprietary battery system technology and 100% Lion software integration
Strategic initiatives for U.S. manufacturing, advanced battery systems and new customer solutions underway
- Built a large-scale U.S. manufacturing facility in Joliet, IL
- Built a highly automated battery factory in Mirabel, QC
- Well-positioned to further differentiate with maintenance, charging infrastructure, sustainable-trucking-as-a-service and V2G customer solutions
Favorable Total Cost of Ownership today; significant improvements expected over time
- Lion believes that Lion’s truck TCO is favorable to comparable diesel vehicles today, with TCO advantage of electric trucks expected to further increase going forward