/PRNewswire/ Pomerantz LLP is investigating claims on behalf of investors of Northern Genesis Acquisition Corp. III ("Northern Genesis" or the "Company").
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Lion Electric Co. is moving at lightspeed.
Since May, the St. Jerome-based electric truck and bus company has listed publicly on both the New York Stock Exchange and the Toronto Stock Exchange, closed a merger with a special purpose acquisition company Northern Genesis Acquisition Corp. that raised about $500 million, and announced a new manufacturing facility in Illinois, to add to an existing facility in Quebec.
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“Some people say they lost the year from COVID, but I cannot say that,” said Marc Bedard, chief executive and founder of the company, who also received a new grandchild during that time.
Following today s successful TSIA and JIH votes, GIX and DHFT are set to vote on their mergers tomorrow. Alkuri Acquisition is taking Babylon Health public.
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St-Jérôme’s Lion Electric Co. unveiled its biggest order Monday, sending its shares rocketing higher.
First Student Inc., North America’s largest student transportation provider, agreed to buy 260 all-electric Lion-built school buses for an undisclosed amount. The purchase agreement, the biggest by a single customer in Lion’s 13-year history, will make Cincinnati-based First Student the top operator of zero-emission school buses in Canada and the United States. First Student’s Transco unit will operate the buses in Quebec.
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Lion Electric Announces U.S. Manufacturing Facility in Illinois
May 12, 2021 at 8:20am ET ++ It is poised to be the largest all-electric medium and heavy-duty vehicle plant in the country.
Lion Electric, a Canadian manufacturer of all-electric trucks and buses, announced that it will build a new U.S. manufacturing facility in Joliet, Illinois.
This new plant is expected to have production capacity of
up to 20,000 all-electric buses and trucks annually, which will make it the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the country.
The construction will start in the second half of 2021, while the production would be possible from the second half of 2022. The plan is to produce all kinds of Class 5 to Class 8 trucks and buses.