CA - Lion Electric Struggles To Make EV Buses Profitable
2024-03-07 13:13:50 ET
Summary
- Lion Electric, a manufacturer of all-electric vehicles, is struggling to make a profit and is burning through cash.
- The company has a large addressable market in the US for school buses and medium and heavy-duty trucks.
- Despite its financial challenges, Lion Electric has the backing of patient investors and could become a takeover target for larger companies.
Summary
· Lion Electric provides multiple all-electric vehicles to school bus and truck fleet owners in the United States and Canada
· The total addressable U.S. market for school buses and medium and heavy-duty trucks is $110 billion annually combined ...
Lion Electric Struggles To Make EV Buses Profitable