Lion Electric reports US$21.7M Q1 loss compared with US$15.6M loss a year earlier

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pThe Lion Electric Co. says it lost US$21.7 million in its latest quarter compared with a loss of US$15.6 million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products./p

The Lion Electric Co. says it lost US$21.7 million in its latest quarter compared with a loss of US$15.6 million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products.

Revenue for the quarter totalled US$55.5 million, up from US$54.7 million in the first quarter of 2023.

 

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