The transaction marks the beginning of a new approach focused on the local market and a product line dedicated exclusively to electric school buses.
MONTREAL, May 23, 2025 /CNW/ – A group of seasoned investor-entrepreneurs has officially acquired the company LION, formerly known as “Lion Electric”. This announcement follows the approval of the transaction by the Superior Court of Quebec. The acquisition keeps the company rooted locally and prevents the takeover of a strategic industrial asset by foreign interests.
The new owners plan to streamline operations by focusing exclusively on electric school buses, fully assembled locally and intended for the Quebec market. This will allow LION to resume production, continue supporting its hundreds of clients, and ensure maintenance of the approximately 1,000 electric school buses currently operating in the province.
All warranties offered to customers on these vehicles will be honoured. Maintenance services and the supply of parts will gradually resume, taking into account a transition period required to relaunch operations.
