Lion Electric Bags Conditional Order From Groupe Séguin For 55 School Buses

Lion Electric Co (NYSE:LEV) received an order from Groupe Autobus Séguin for 55 electric school buses, including 45 LionA and 10 LionC models, to be delivered by 2025. The financial terms were not disclosed.
The 100% electric school buses order comes following the 60 vehicles that Autobus Séguin previously acquired in January 2021.
The new buses will be used on school routes in the Montreal and Laval regions in the province of Quebec.
The order is conditional upon the satisfactory funding grant under the Quebec government's School Transportation Electrification Program and the Canadian federal government's Zero Emission Transit Fund.
Price Action: LEV shares are trading higher by 1.31% at $11.57 during the pre-market session on Thursday.