Lion Electric announced the successful final certification for its medium duty, or MD, battery pack, the LionBattery MD, a lithium-ion battery pack specifically designed for the company’s medium duty trucks and school buses. Lion, in collaboration with third-party testing partners, conducted stringent testing to fulfill the certification requirements. The LionBattery MD pack is now certified to meet the most rigorous criteria and safety regulations in the automotive industry. The LionBattery MD packs are currently manufactured at Lion’s battery production facility. Today, with an annual manufacturing capacity of 1.7 gigawatt hours, the plant is capable of powering 5,000 of Lion’s commercial vehicles per year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LEV:
- What You Missed This Week in EVs and Clean Energy
- Lion Electric to reduce workforce by 150 employees, or 10% of total headcount
- Lion Electric price target lowered to $2 from $3 at Barclays
- Lion Electric reports Q3 EPS (9c), consensus (9c)
- LION ELECTRIC POSTS RECORD REVENUE AND GROSS PROFIT FOR THE THIRD QUARTER OF 2023