Lion Electric Hosts First Manufacturing Site Visit for Analysts and Institutional Investors



MONTREAL, September 21, 2021 / CNW Telbec / – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy urban vehicles, today hosted the first visit manufacturing sites for analysts and institutional investors.

Marc Bedard, CEO-Founder of Lion, kicked off the event with a recap of the company’s activities, followed by other members of the management team who discussed Lion’s business drivers and long-term growth initiatives. Analysts and institutional investors were also able to visit the Lion manufacturing plant near Montreal, Quebec, and for a detailed review of Lion’s all-electric school buses and trucks.

“We were delighted to host the first visit to the manufacturing site from Lion analysts and institutional investors since we were listed on both the New York Stock Exchange and the Toronto Stock Exchange last May,” commented Marc Bedard. “We took this opportunity to discuss our growth strategy presented previously and to better understand how we have gained expertise in the battery field during 10 years of research and development in battery technology”, a- he added.

A copy of the presentation is available at www.thelionelectric.com under the “Events and Presentation” page of the “Investors” section.

ABOUT LION ELECTRIC

Electric lion is an innovative manufacturer of zero emission vehicles. The company designs, designs and manufactures all-electric class 5 to 8 urban commercial trucks and all-electric buses and minibuses for the school, paratransit and public transit segments. Lion is a North American leader in electric transportation and designs, manufactures and assembles many components of its vehicles, including chassis, battery packs, truck cabs and bus bodies.

Always on the active search for new and reliable technologies, Lion vehicles have unique characteristics specifically adapted to its users and their daily needs. Lion believes the transition to all-electric vehicles will lead to major improvements in our society, our environment, and our overall quality of life. Lion shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

ABOUT LION ELECTRIC

Electric lion is an innovative manufacturer of zero emission vehicles. The company designs, designs and manufactures all-electric class 5 to 8 urban commercial trucks and all-electric buses and minibuses for the school, paratransit and public transit segments. Lion is a North American leader in electric transportation and designs, manufactures and assembles many components of its vehicles, including chassis, battery packs, truck cabs and bus bodies.

Always on the active search for new and reliable technologies, Lion vehicles have unique characteristics specifically adapted to its users and their daily needs. Lion believes the transition to all-electric vehicles will lead to major improvements in our society, our environment, and our overall quality of life. Lion shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

ATTENTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements in this press release that are not statements of historical fact, including statements about Lion’s beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements can be identified by the use of words such as “believe”, “may”, “will”, “continue”, “anticipate”, “intend”, “expect”, “should” “,” Should “,” could “,” plan “,” project “,” potential “,” appear “,” seek “,” the future “,” objective “or other similar expressions and any other statement which predicts or indicates future events or trends or that are not statements about historical matters, although not all forward-looking statements contain such identifying words.

The company has made a number of economic, market and operational estimates and assumptions in the preparation and formulation of certain forward-looking statements contained in this press release. These estimates and assumptions are made by Lion in light of management’s experience and their perception of historical trends, current conditions and expected future developments, as well as other factors considered appropriate and reasonable in the circumstances. However, there can be no assurance that these estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties as they relate to events and depend on circumstances which may or may not occur in the future. Lion believes that these risks and uncertainties include, without limitation, the risks and uncertainties relating to Lion’s business described in the section entitled “Risk Factors” in the Company’s final prospectus dated May 5, 2021 (the “Canadian Prospectus”) filed with the Autorité des marchés financiers (the “AMF”) and the registration statement on Form F-1 (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”) and declared in force on June 14, 2021 and other documents publicly filed with the AMF and the SEC. Many of these risks are beyond the ability of Lion’s management to control or predict. All forward-looking statements attributable to Lion or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and the risk factors identified in the Canadian prospectus, registration statement and other documents filed with of the AMF and the SEC.

Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. In addition, forward-looking statements speak only as of the date on which they are made. Except as required by applicable securities laws, Lion assumes no obligation, and expressly disclaims any obligation, to update, revise or revise any forward-looking information, whether as a result of new information, events future or otherwise.

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SOURCE Lion Electric

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