The Lion Electric Company (LEV) Investor Presentation summary

business overview

• Over 14 years dedicated to all-electric medium and heavy-duty vehicle R&D and manufacturing, with 2,100+ vehicles deployed and 28M+ miles driven.

• Product lineup includes purpose-built electric school buses and trucks, all designed and assembled in-house with proprietary chassis, body, and battery systems.

• Offers a full turnkey solution for fleet electrification, including vehicle selection, charging infrastructure, grants, financing, training, maintenance, and telematics.

• Operates 12 experience centers across the U.S. and Canada to support customer transition to electric fleets.

• Recognized as a leader in the all-electric school bus market, with 1,800+ buses delivered and a strong order book.

product portfolio and manufacturing

• School bus lineup includes LionC, LionD, and LionCE, optimized for electrification with predictable routes and significant charging downtime.

• Medium- and heavy-duty truck lineup features Lion5, Lion6, and Lion8 platforms, offering favorable TCO versus diesel even without subsidies.

• Canadian manufacturing facility near Montreal has a 2,500-vehicle annual capacity (1,500 trucks, 1,000 buses).

• U.S. Joliet, IL plant offers 2,500-bus annual capacity and proximity to major North American markets.

• Mirabel, QC battery plant produces 1.7 GWh annually, enough for ~5,000 vehicles depending on mix.

market and regulatory environment

• Well positioned to benefit from major regulatory programs: $5B EPA Clean School Bus Program, $932M EPA Clean Heavy-Duty Vehicles Program, $500M California ZESBI, and Canada’s $3B annual public transit fund.

• Awarded grants for 224 school buses and charging infrastructure, with additional direct applicants representing further order potential.

• Regulatory tailwinds and incentives are key drivers for order book conversion and market expansion.