Lion Electric Bags Order For 35 Electric School Buses From Prince Edward Island For Undisclosed Sum

Lion Electric Co LEV has received an order for 35 LionC school buses from the province of Prince Edward Island (P.E.I.). Financial terms were not disclosed.
The vehicles will join the 12 LionC buses already operating in the province.
Lion will also provide 35 Level 2 charging stations to P.E.I. as it builds out its electric vehicle infrastructure.
The purchase was made in part using funds from the governments of Canada and Prince Edward Island, who are contributing over $6.3 million to the clean school bus project.
P.E.I. has an eventual goal of replacing the entirety of its 332-school bus fleet with electric school buses.
Price Action: LEV shares closed higher by 6.01% at $15.53 on Tuesday.