Lion Electric Bags Conditional Purchase Order From Langs Bus Lines For 200 Electric School Buses

Lion Electric Co LEV has received a conditional purchase order for 200 all-electric LionC school buses from Langs Bus Lines. Financial terms were not disclosed.
The deliveries will begin gradually in 2022 and will continue through 2026.
Langs Bus Lines Limited operates over 600 school buses and minibusses throughout Southern Ontario.
The purchase order is conditional upon the satisfactory grant of non-repayable contributions to Langs Bus Lines under Infrastructure Canada's Zero-Emission Transit Fund (ZETF).
Price Action: LEV shares are trading higher by 2.67% at $10.00 during the pre-market session on Tuesday.

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