Lion Electric is restructuring to focus exclusively on school bus manufacturing, aiming for profitability by producing 550 buses annually.
An electric school bus passes by the Lion Electric battery manufacturing plant for medium and heavy vehicles in Mirabel, Que., on April 17, 2023. Lion Electric wants to focus on building school buses rather than trucks as part of a restructuring plan that would return all manufacturing operations to the province. An investment document distributed to potential buyers says the company could be profitable if it produces 550 buses a year at its manufacturing plant in St-Jérôme, Que.
, northeast of Montreal. Lion Electric entered creditor protection last month after going through several rounds of layoffs in 2024 and halting operations at its plant in Illinois. A report filed in Quebec Superior Court on Friday says 136 potential buyers have been approached so far, as well as 11 firms that could be interested in acquiring company assets on a piecemeal basis. The company announced more layoffs last week and said its remaining 160 workers would focus on helping clients with the maintenance of school buses and trucks
Lion Electric School Buses Restructuring Manufacturing Creditor Protection
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