Consortium of Quebec Investors to Purchase Lion Electric

Consortium of Quebec Investors to Purchase Lion Electric
Lion Electric Co.'s lithium-ion battery manufacturing facility is shown in Mirabel, Que., on Sept. 14, 2023. The Canadian Press/Christinne Muschi
The Canadian Press
Updated:
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A group of Quebec investors has reached a deal to acquire and relaunch struggling vehicle-maker Lion Electric.

The consortium of investors is led by Pierre Wilkie, a director of the electric-vehicle manufacturer, and Vincent Chiara, president of Montreal real estate developer Groupe MACH.