LION ELECTRIC ANNOUNCES SUCCESSFUL FINAL CERTIFICATION OF ITS LIONBATTERY HD BATTERY PACK

Core Viewpoint - Lion Electric has successfully achieved final certification for its LionBattery HD battery pack, which meets stringent automotive industry safety and performance standards [1][6]. Group 1: Product Development - The LionBattery HD is a lithium-ion battery pack designed specifically for heavy-duty trucks, enhancing the company's product offerings in the electric vehicle market [6]. - Lion Electric had previously announced the certification of its medium-duty battery pack, the LionBattery MD, in December 2023, indicating a focus on multiple vehicle classes [2]. Group 2: Manufacturing and Capacity - The LionBattery HD and MD packs are produced at Lion's advanced battery production facility, which has an annual manufacturing capacity of 1.7 gigawatt hours, sufficient to power 5,000 commercial vehicles each year [9]. Group 3: Market Position and Vision - Lion Electric is recognized as a leader in the North American electric transportation sector, manufacturing all-electric commercial trucks and school buses, and is committed to innovation in zero-emission vehicle technology [3][4]. - The company emphasizes the societal and environmental benefits of transitioning to all-electric vehicles, aiming to improve overall quality of life [4].