Lion Electric Co. Stock Analysis LEVGQ

The Lion Electric Co. manufactures zero-emission vehicles, which creates, designs, and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit, and mass transit markets. The company is headquartered in Saint-Jerome, Quebec and currently employs 1,350 full-time employees. The company went IPO on 2021-05-07. The firm provides comprehensive support from fleet electrification to infrastructure installation. Each Lion vehicle is purpose-built for electric and entirely designed and assembled in-house, with its own chassis, truck cabin or bus body, proprietary battery technology with modular energy capacity and Lion software integration. Its medium and heavy-duty electric vehicles (EVs) are specifically designed to address the needs of the sub-250-mile mid-range urban market. Its line-up of purpose-built all-electric trucks is divided into three main platforms based on gross vehicle weight rating (GVWR), namely the Lion5, the Lion6, and the Lion8 (used for the Lion8 (straight) and the Lion 8 Tractor truck. The firm complements its product offering with various services, including sales support, full-service training, charging infrastructure assistance and maintenance support.