Lion Electric Co. says it is laying off hundreds more workers as part of a plan to staunch its financial losses.
The Lion Electric Company logo is seen outside their assembly plant in Saint-Jerome, Que., Monday, Aug. 21 2023. THE CANADIAN PRESS/Christinne Muschi
The Montreal-based company says the layoffs are part of a plan to better align its costs with current demand. The plan also involves ramping down production of electric trucks, creating a new product line to sell its battery packs to third parties and potentially leasing out a big chunk of its plant in Joliet, Ill.
The Montreal-based company says the layoffs are part of a plan to better align its costs with current demand. The plan also involves ramping down production of electric trucks, creating a new product line to sell its battery packs to third parties and potentially leasing out a big chunk of its plant in Joliet, Ill.
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