Lion continues to ramp up electric truck deliveries

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Lion Electrical posted a internet lack of $17.2 million within the third quarter, however continued to extend deliveries of its electrical vans and buses.

It generated income of $41 million, up from $11.9 million yr over yr, and delivered 156 autos within the quarter.

“For the fourth quarter in a row, we delivered a document variety of autos within the historical past of Lion. This proves that the change to electrification is going on, at present,” mentioned Marc Bedard, CEO and founding father of Lion. “As we’re nearing the beginning of business manufacturing at each our U.S. manufacturing facility and our battery plant, we’re excited by these essential milestones, which symbolize a significant step ahead in our progress technique.”

Deliveries of 156 autos have been up in comparison with 40 in Q3 2021. Lion says it now has greater than 800 autos on the street having generated greater than 10 million miles. Its order guide consists of 2,408 autos, together with 323 vans, in addition to 239 charging stations.

It at present operates 12 Expertise Facilities within the U.S. and Canada. Lion now employs about 1,350 folks, 300 of that are in its engineering and R&D departments.

Lion6 battery-electric truck
Lion6 (Picture: John G. Smith)

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