Northern Genesis and Lion Electric to Make Lithium-Ion Battery Packs in Quebec

Northern Genesis Acquisition Corp of Montreal, QC has announced that its proposed business partner, The Lion Electric Company, plans to manufacture batteries in Quebec. The facility is expected to begin operations in early 2023 and will produce battery packs and modules made from lithium-ion cells. Lion is a manufacturer of all-electric trucks and buses.

The project and its development represent an investment of about CDN$185 million by Lion. The Quebec provincial and federal governments will contribute CDN$50 million each.

With a planned yearly production capacity of 5 gigawatt-hours in battery storage. Lion will be able to electrify approximately 14,000 medium and heavy-duty vehicles annually. The manufacturing plant and innovation center will offer Lion many strategic advantages, including a reduction in its battery system production cost as well as a stable line of procurement of battery packs.

Volume 35, Issue 05

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