Lion Electric Company (LEV) has released an update.
Lion Electric Company has reported a significant increase in both quarterly and annual revenues for 2023, with vehicle deliveries up as well, despite facing a net loss and impairments related to two of its minibus models. The company has over 1,850 electric vehicles on the road and a robust order book valued at approximately $500 million. Operational adjustments include the launch of commercial production for LionD units and the successful completion of battery pack certifications for medium-duty trucks.
For further insights into LEV stock, check out TipRanks’ Stock Analysis page.
