Trending...
- 2025 Packaging State of the Industry: U.S. Expands, Canada Maintains Strong Base - 116
- Health Insurance Benefits for American Indians
- Why Have PPO Plans Vanished from Nevada's Individual Market?
MONTREAL, June 13, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the successful final certification for its heavy-duty ("HD") battery pack, the LionBattery HD, a lithium-ion battery pack specifically designed for the Company's purpose-built heavy-duty trucks.
Lion, in collaboration with third-party testing partners, conducted stringent testing to meet the certification requirements. The LionBattery HD pack is now certified to meet the most rigorous criteria and safety regulations in the automotive industry.
These 105 kWh proprietary battery packs will power the Lion8 Tractor, an all-electric Class 8 commercial truck, which was unveiled on May 21, 2024, during the Advanced Clean Transportation (ACT) Expo in Las Vegas.
Lion had previously announced in December 2023 the certification of its medium-duty ("MD") battery pack, the LionBattery MD pack, specially designed for the company's medium-duty trucks and school buses.
"At Lion, our commitment to pushing innovation to new heights is exemplified by the development of our state-of-the-art batteries, like the LionBattery HD for heavy-duty trucks. This advancement underscores our dedication to excellence, reliability and safety, solidifying our leadership role in North America's transportation electrification landscape, as the battery serves as a critical component of the vehicle," stated Marc Bedard, CEO-Founder of Lion. "With major battery development milestones behind us, we will now focus on optimizing the integration of both the LionBattery MD and HD packs on our vehicles, which should ultimately translate into production efficiency," Marc further emphasized.
More on nvtip.com
The LionBattery HD and MD packs are manufactured at Lion's state-of-the-art battery production facility. Today, with an annual manufacturing capacity of 1.7 gigawatt hours, the plant is capable of powering 5,000 of Lion's commercial vehicles per year.
ABOUT LION ELECTRIC
Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws and within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"), including statements about Lion's beliefs and expectations and other statements that are not statements of historical facts. Forward-looking statements may be identified by the use of words such as "believe," "may," "will," "continue," "anticipate," "intend," "expect," "should," "would," "could," "plan," "project," "potential," "seem," "seek," "future," "target" or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements may contain such identifying words. The forward-looking statements contained in this press release are based on a number of estimates and assumptions that Lion believes are reasonable when made. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. For additional information on estimates, assumptions, risks and uncertainties underlying certain of the forward-looking statements made in this press release, please consult section 23.0 entitled "Risk Factors" of the Company's annual management's discussion and analysis of financial condition and results of operations (MD&A) for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission, including the Company's interim MD&As. Many of these risks are beyond Lion's management's ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and risk factors identified in the Company's annual MD&A for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.
More on nvtip.com
SOURCE The Lion Electric Co.
Lion, in collaboration with third-party testing partners, conducted stringent testing to meet the certification requirements. The LionBattery HD pack is now certified to meet the most rigorous criteria and safety regulations in the automotive industry.
These 105 kWh proprietary battery packs will power the Lion8 Tractor, an all-electric Class 8 commercial truck, which was unveiled on May 21, 2024, during the Advanced Clean Transportation (ACT) Expo in Las Vegas.
Lion had previously announced in December 2023 the certification of its medium-duty ("MD") battery pack, the LionBattery MD pack, specially designed for the company's medium-duty trucks and school buses.
"At Lion, our commitment to pushing innovation to new heights is exemplified by the development of our state-of-the-art batteries, like the LionBattery HD for heavy-duty trucks. This advancement underscores our dedication to excellence, reliability and safety, solidifying our leadership role in North America's transportation electrification landscape, as the battery serves as a critical component of the vehicle," stated Marc Bedard, CEO-Founder of Lion. "With major battery development milestones behind us, we will now focus on optimizing the integration of both the LionBattery MD and HD packs on our vehicles, which should ultimately translate into production efficiency," Marc further emphasized.
More on nvtip.com
- New Leadership and Renovations Usher in Next Chapter for Sunrise Manor
- Who Will Win the 2025 WNBA Finals? OddsTrader Shares Live Betting Odds and Projections
- Geeks5g Creative Marketing: The Powerhouse Behind Business Growth
- Jackery Forges Strategic Alliance with Desay Battery at RE+2025
- Agemin Unveils Breakthrough AI Model for Biometric Age Estimation, Setting New Standards in Online Child Safety
The LionBattery HD and MD packs are manufactured at Lion's state-of-the-art battery production facility. Today, with an annual manufacturing capacity of 1.7 gigawatt hours, the plant is capable of powering 5,000 of Lion's commercial vehicles per year.
ABOUT LION ELECTRIC
Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws and within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"), including statements about Lion's beliefs and expectations and other statements that are not statements of historical facts. Forward-looking statements may be identified by the use of words such as "believe," "may," "will," "continue," "anticipate," "intend," "expect," "should," "would," "could," "plan," "project," "potential," "seem," "seek," "future," "target" or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements may contain such identifying words. The forward-looking statements contained in this press release are based on a number of estimates and assumptions that Lion believes are reasonable when made. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. For additional information on estimates, assumptions, risks and uncertainties underlying certain of the forward-looking statements made in this press release, please consult section 23.0 entitled "Risk Factors" of the Company's annual management's discussion and analysis of financial condition and results of operations (MD&A) for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission, including the Company's interim MD&As. Many of these risks are beyond Lion's management's ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and risk factors identified in the Company's annual MD&A for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.
More on nvtip.com
- Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
- 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN
- Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
- DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available
- Nespolo Mechanical Helps New Mexico Families Save Thousands on Heating Costs This Fall
SOURCE The Lion Electric Co.
Filed Under: Business
0 Comments
Latest on nvtip.com
- Sloan's Lake Dental Launches New Website to Enhance Patient Experience and Access to Modern Dental Care
- Only 3 Weeks Left till the Start of the OpenSSL Conference 2025
- ENTOUCH Completes $50 million Funding Round
- Teaming Agreement with Emtel Energy USA to Advance Thin-Film PV Energy Storage Capabilities; NASA agreements for Solar Space Tech; Ascent Solar $ASTI
- Nebuvex Acknowledges Platform "Too Secure" for Anonymous Traders; Institutional Investors Disagree
- From Tokyo to Berlin: FreeTo.Chat Unites Cultures with the World's First Confession VRX — EmojiStream™
- Visier's Vee for Microsoft Copilot Named a Top HR Product of the Year by HR Executive
- AZETHIO Launches Multi-Million Dollar User Protection Initiative Following Unprecedented Platform Growth
- Matecrypt Observes South American Cryptocurrency Adoption Surge Amid Economic Shifts
- Phinge Will Revolutionize E-Commerce & Seller Marketplaces on Netverse with Verified, Real-time Selling & A Rewards-based Same-as-cash Payment Option
- Assent Uncovers Over 695 Unique PFAS Across Global Supply Chains as Regulations Increase
- Cryptocurrency Quarterly Trading Volume Surpasses $15 Trillion Record High as BrazilNex Acknowledges Industry 'Growing Pains' Amid Market Speculation
- AHRFD Initiates Legal Proceedings Against Anwalt.de for Publishing Defamatory and False Content
- Novella Launches Potent Whole-Cell Strawberry Ingredient at SSW
- New Analysis Reveals the Complex Forces Driving the 'Great Human Reshuffle'
- Elevate Unveils GroundComm X30 at 2025 International GSE Expo in Las Vegas
- The Fabulous Tunnel Walk Debuts at Allegiant Stadium
- NEW power supply release from Kepco Dynatronix - HSP Advanced
- St. Augustine Honors Hispanic Heritage Month
- Innocan Pharma's Poster on its Liposomal Synthetic CBD Technology Generates Interest at PAINWeek Conference USA - English Israel - English