Lion Electric Secures $38M Grant For 97 School Buses And Related Charging Infrastructure
Portfolio Pulse from Benzinga Newsdesk
Lion Electric has received a $38M grant to supply 97 electric school buses and associated charging infrastructure. This grant will support the company's growth in the electric vehicle market, particularly in the school transportation sector.
January 10, 2024 | 10:40 pm
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POSITIVE IMPACT
Lion Electric's $38M grant for electric school buses and charging infrastructure is a positive development, likely to boost revenue and enhance its market position in the electric vehicle sector.
The grant is a significant financial boost for Lion Electric, directly contributing to its revenue and growth in the electric vehicle industry. It also reinforces the company's commitment to sustainable transportation, which is likely to be viewed positively by investors and could lead to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100