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KANSAS CITY, Mo. and MONTREAL, April 23, 2021 /PRNewswire/ - Northern Genesis Acquisition Corp. ( NGA ) (NYSE: NGA), a U.S. publicly-traded special purpose acquisition company and The Lion Electric Company ( Lion ), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced that today NGA s stockholders approved the previously announced business combination transaction with Lion, and each of the other proposals considered and voted upon at the meeting. NGA is expected to file with the Securities and Exchange Commission (the SEC ) a Form 8-K disclosing the final voting results.
In light of the recent SEC statement regarding accounting and reporting considerations for warrants issued by special purpose acquisition companies (SPACs), NGA expects to file as soon as practicable an amendment to its annual report on Form 10-K for the year ended December 31, 2020 (the Amended Form 10-K ) reflecting the reclassification o
Northern Genesis Acquisition Corp (NYSE:NGA) in a $1.8-billion deal.
The company will be trading above $50 per share in 2024, Benzinga s Mitch Hoch said Wednesday on the YouTube show SPACs Attack.
Lion Electric has a lot working for it, Hoch said, adding that the company has multiple streams of revenue.
He pointed to the company s projected sales in 2024 of 20,000 vehicles and 50% vehicle production cost reduction as drivers for the stock.
Lion Electric projects that it will have annual revenue of more than $3.5 billion in 2024.
IKEA Canada Electrifies Last-Mile Delivery Fleet with Lion6 Trucks
April 16, 2021
Northern Genesis Acquisition Corp., a special purpose acquisition company, says its proposed business combination partner, The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, has received a purchase order from Second Closet, IKEA Canada’s partner, for 15 Lion6 heavy-duty zero-emission trucks.
Second Closet, a technology-enabled logistics and last-mile delivery provider, will begin integrating zero-emission trucks into its fleet for IKEA home deliveries in several markets across Canada.
The IKEA and Second Closet co-branded EV trucks that will service last-mile deliveries for IKEA locations in Boucherville, Quebec, Etobicoke, Ontario, Richmond, and British Columbia are scheduled to roll out in the fall. IKEA says this will enable it to achieve 20% of its zero-emission delivery goals. The retailer is committed to reaching its 2030 goal to become a circular
IKEA to electrify last-mile delivery in Canada with Lion Electric
Retailer’s delivery partner, Second Closet, will purchase electric vehicles from Quebec-based manufacturer
0 313 3 minutes read IKEA Canada and its last-mile delivery partner Second Closet will purchase all-electric trucks from Lion Electric to be used for home deliveries.(Photo: CNW Group/IKEA Canada)
IKEA and its last-mile delivery partner in Canada, Second Closet, will deploy 15 all-electric Lion Electric trucks this fall in Canada.
The vehicles making deliveries for IKEA Canada will operate in Bocherville, Quebec; Etobicoke, Ontario; and Richmond, British Columbia. They are Lion6 heavy-duty zero-emission vehicles and will play a significant role in IKEA’s broader sustainability effort, the company said.
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IKEA and its last-mile delivery partner in Canada, Second Closet, will deploy 15 all-electric Lion Electric trucks this fall in Canada.
The vehicles making deliveries for IKEA Canada will operate in Bocherville, Quebec; Etobicoke, Ontario; and Richmond, British Columbia. They are Lion6 heavy-duty zero-emission vehicles and will play a significant role in IKEA s broader sustainability effort, the company said. Electrifying our last mile delivery service is an important step in our journey to become climate positive by 2030, especially with the rapid acceleration of our online business over the past year, said Michael Ward, CEO and chief sustainability officer of IKEA Canada. We are pleased to work with Second Closet and Lion Electric, two great Canadian innovators, to support us in meeting our customers [needs] with people and planet in mind.