Lion Electric (currently NGA)

[GroupePretoria]

The Lion Electric Co. is an innovative manufacturer of zero-emission vehicles. We think, design and manufacture all-electric school buses, midi/minibus for special needs or urban transit as well as urban trucks. Lion positions itself as a leading OEM in transportation electrification in North America. We design, manufacture and assemble all components of our vehicles: chassis, battery packs, cabin and powertrain.
 

Amazon and IKEA are now customers of LION.  NGA is a spac merging with Lion in a week or so.

https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/

 

[Monsieur_dee]

Been following this for a bit. I don't know how to value it & figured itd be easier after the merger went through. Wanted to physically see how their electric bucket trucks & other heavy duty trucks work since I am in the industry. 

They also have a deal with quebec hydro and CN. 

[GroupePretoria]

Québec gouvernement just announced they want to replace current diesel school bus park to electric before 2035.  There is a 250million grant program just put in place.

(French link)

https://lp.ca/bRMJNt

 

 

 

[GroupePretoria]

4 hours ago, Monsieur_dee said:

Been following this for a bit. I don't know how to value it & figured itd be easier after the merger went through. Wanted to physically see how their electric bucket trucks & other heavy duty trucks work since I am in the industry. 

They also have a deal with quebec hydro and CN. 

Yes it is pretty hard to value now.  Peer valuation is so high it makes no senses.  It will be clearer after the merger for sure.  I did initiate a small position and I’m in the wait and check mode.