“Our government will not invest in electric lion. Christine Fréchette, the Minister of Economy, Innovation and Energy, took part in the BUEBEC electric bus and the electric truck builder from December.
This is a difficult decision, but responsible
Justified Minister X considered the day at the end of the day on Wednesday.
Recently a Quebec flag and link in the battery sector is an important link, the electric lion is now very high economic difficulty. The company is on the verge of bankruptcy.
Lion Electric won the support of his creditors in December and would only lead to the restructuring plan that would be focused on buses in December and bring all the manufactures in Quebec.
Quebec media was launched by a group of investors. It was made up of Vincent Chiara, Pierre Wilkie entrepreneurs and the Financial Claude Boivin wanted to re-injection funds to revive the lion.
To do this, however, they asked for government support for $ 20 million.
It is a company here, offering an innovative product and helped energy transition. The government is in charge of contributing to the growth of Quebec companies
He remembered the minister.
We believed in the potential of the lion, but the subject did not justify the reuse of important government amounts.
Unfortunately, observation is essential: how many new summaries of the lion would not be responsible.
The Quebec government has now lost $ 177 million in electric lions. The Canadian government is likely to see $ 30 million in public funds.
A brave fast
Agricultural growth, many trucks … Many problems have been publicly mentioned to explain the company’s former lion and former staff, however, he ordered a bright future in the context of transport electrification.
Last February, a Radio-Canada survey also revealed that the electric vehicle manufacturer had his application that he had the magnitude of the book.
Soon, hundreds of small shareholders launched collective action, the company had the wrong investors and distort reality on his financial health, which caused artificial inflation in the value of qualifications.
Inclusion in the stock market in 2021, the action of the electric lion lost more than 99% of its value. It’s worth less than a penny today.
2025-05-01 00:53:00
