On its first day of public trading, Canada’s Lion Electric Co. made good on a pledge to expand manufacturing in the U.S., investing $70 million to convert a partially finished warehouse in Joliet, Illinois, into a plant to build electric trucks and buses.
At least 745 new jobs are expected to be created over the next three years.
Lion, based in St. Jerome, Quebec, is expected to receive about $490 million after expenses in a business combination completed Thursday with Northern Genesis...
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