Canadian electric truck and bus startup Lion Electric is cutting 150 jobs, about 10% of its head count, in the U.S. and Canada as it seeks to reach profitability.
“Although this was a very difficult decision and we are sad to part ways with valued employees, this initiative was the right thing to do for the business at this point in time,” Marc Bedard, CEO and founder of Lion, said in a news release.
Lion is far from alone in making hard decisions around electrification. Several electric vehicle...
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