April 2, 2023

The Queens County Citizen

Complete Canadian News World

100 million investment in Lion Electric

100 million investment in Lion Electric

Great news for Lion Electric des Laurentides, which has received $ 100 million from federal and regional governments to build a new assembly plant for automated battery packs in Saint-Jerome.

Also read: Amazon buys thousands of trucks from Lion de Saint-Jerome

The project, estimated at 23,185 million, will create 135 jobs after the plant is completed in 2023 and 150 in the following years.

Lion, a Quebec company that designs and manufactures fully electric school buses and trucks, currently employs 465 people at its Saint-Jerome plant.

Battery packs assembled at the new plant will be used in Lion electric vehicles. Laurentian, founded by Mark Bedard, hopes to build its new facility to be able to produce 2,500 electric vehicles a year by the end of the project.

Million 100 million investment is being made equally by regional and federal governments. The Canadian government received $ 50 million from the Strategic Innovation Fund and Quebec’s $ 50 million from the Economic Development Fund.

Lion plays a major role in Quebec and the Canadian ecosystem in transport electrification. This plant allows Lion to connect the basic part of our electric vehicle supply chain. Thanks to loans from federal and regional governments, we are able to make what we have previously imported into Canada. Lion, Quebec and Canada will benefit generations to come, both economically and environmentally, ”said Mark Bedard, Founder President of Lion Electric.

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