The electric-vehicle maker’s Toronto-listed shares climbed to a high of $24.67 apiece by midday Friday, up from $21.96 at the open. (The Logic)
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The electric-vehicle maker’s Toronto-listed shares climbed to a high of $24.67 apiece by midday Friday, up from $21.96 at the open. (The Logic)
Talking point: Quebec-based Lion’s debut comes as other Canadian auto manufacturers turn more attention to EVs. Linamar said in its earnings report yesterday that more than a third of new business in the first quarter was for EVs. Lion said it will use the US$490 million in proceeds from going public to build an automated battery factory in its home province, and to bulk up its U.S. manufacturing capacity. On Friday, the bus maker revealed more details about its 900,000-square-foot U.S. plant, which will cost Lion at least US$70 million over the next three years. Lion said the plant will make school buses and freight trucks, and create at least 745 jobs in Joliet, Ill., southwest of Chicago.
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