Canada’s electric truck and bus manufacturer Lion Electric Co. is up against a deadline this weekend to find new investors amid a cash crunch and an EV market that’s in turmoil.
The St-Jerome, Que.-based company said on Nov. 18 that it had received a two-week extension of its credit agreement with three lenders, as well as temporary relief on the conditions of a loan provided by the Caisse de depot et placement du Quebec and Finalta Capital Inc.
