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Joliet, Illinois Facility Planned to Begin Production in Second Half of 2022 with Annual Capacity of up to 20,000 Zero-Emission Vehicles
MONTREAL, May 7, 2021 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ( Lion or the Company ), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has selected Joliet, Ill., for the construction of its U.S. manufacturing facility. The new facility will represent the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the U.S. and Lion s biggest footprint in the market, giving the company the ability to meet the increasing demand in the marketplace for Made in America zero-emission vehicles, while simultaneously bringing production closer to its customers. As part of its agreement with the government of Illinois, Lion has committed to an initial investment of at least U.S. $70 million over a 3-year period.
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