As of December 2024, Marie-Ève Labranche, a Lion spokesperson, stated: "Lion is not being liquidated, but is rather undertaking various restructuring measures, including a sale and investment solicitation process."
According to the Electric School Bus Initiative, as of the end of 2023, Lion Electric had over 1,600 electric school buses delivered in the USA, plus nearly 1,800 commissioned vehicles.
Focusing on school buses only would mean reducing production by a factor of 5 and repatriating all manufacturing to Quebec, writes Car et Bus News.
Trade media Ttnews noted, at that time, that "The company posted a net loss of $19.9 million in the third quarter of 2023, compared with a net loss of $17.2 million in the same period a year earlier."
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