Electric Vehicles

EV Maker Lion Electric Soars After Reporting Record Deliveries

Workers complete a Lion 6 electric truck at the Lion Electric assembly plant in Saint-Jerome, Quebec, Canada, on Oct. 13. — Workers complete a Lion 6 electric truck at the Lion Electric assembly plant in Saint-Jerome, Quebec, Canada, on Oct. 13.
Photographer: Christinne Muschi/Bloomberg

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By Mathieu Dion

November 10, 2022 at 10:28 PM UTC

Corrected

November 11, 2022 at 10:58 AM UTC

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Electric truck and bus manufacturer Lion Electric Co. surged 11% after it announced a record number of deliveries in the third quarter.

The company, based in Saint-Jerome, Quebec, northwest of Montreal, delivered 156 vehicles, nearly a fourfold increase the same period last year. But the company must speed up production if it’s going to capitalize on an order book of 2,408 vehicles, valued at $575 million.