EV Startups on a Rough Road: Lion Electric Becomes the Latest Casualty
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Lion Electric (LEV) has filed for bankruptcy protection following financial struggles, including unsuccessful funding attempts and debt defaults.
December 18, 2024 | 4:00 pm
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Lion Electric has filed for bankruptcy protection due to financial difficulties, including failed funding attempts and debt defaults.
The filing for bankruptcy protection indicates severe financial distress, likely leading to a negative impact on LEV's stock price. The company's inability to secure funding and defaults on debt repayments highlight its financial instability.
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