* Lion Electric press release…
The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has selected Joliet, Ill., for the construction of its U.S. manufacturing facility. The new facility will represent the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the U.S. and Lion’s biggest footprint in the market, giving the company the ability to meet the increasing demand in the marketplace for “Made in America” zero-emission vehicles, while simultaneously bringing production closer to its customers. As part of its agreement with the government of Illinois, Lion has committed to an initial investment of at least U.S. $70 million over a 3-year period.
The 900,000 sq-ft facility, for which building ramp up is anticipated in the second half of 2021, is expected to add a minimum of 745 clean energy direct jobs to the region over the next three years, with an annual production capacity of up to 20,000 all-electric buses and trucks. This additional production capacity will aid Lion in scaling electric bus production as the U.S. market moves to electrify a large portion of its school bus fleet, as well as to produce a larger number of heavy-duty zero-emission trucks as governments and operators throughout the U.S. look to decarbonize freight and transportation fleets. Lion anticipates that the first vehicles will roll off the production line in the second half of 2022. […]
The Will County region has a rich history of manufacturing, and Lion plans to build a robust local supply chain within the area. In addition, the Joliet location offers Lion a geographically centralized base of manufacturing and operations, with access to key infrastructure and distribution channels.
* The Patch has a higher jobs number…
“It’s another exciting opportunity here in Joliet and Will County,” remarked Will County Executive Jennifer Bertino-Tarrant during an interview with Joliet Patch on Friday morning.
Joliet’s history included “an old generation of manufacturing” and Friday’s news of Lion Electric opening a large vehicle factory on Youngs Road “welcomes a new generation of manufacturing.
“It’s a great comeback after the pandemic,” Bertino-Tarrant added, saying the Lion Electric construction project marked a $130 million capital investment and 1,400 permanent jobs.
…Adding… A Lion executive said at the press conference that 1,400 jobs would be created over 5 or 6 years.
…Adding… DCEO says the company is receiving an Edge tax credit worth a total of $7.9 million if they put $70 million into capital investments in the site create more than 700 jobs within the first three years of the agreement.
* Pritzker press release excerpt…
“Lion’s historic investment to bring its largest production facility to Illinois represents not only a win for our communities, but a strong step forward in our work to expand clean energy alternatives and the jobs they bring to our communities,” said Governor JB Pritzker. “The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting one million of these cars on the road by 2030. In Illinois, we know that a clean energy economy is about more than just vehicles – it’s about healthier communities and jobs for those who live there. We are excited to welcome Lion to the Land of Lincoln and look forward to their future success here.”
The new 900,000 SF facility represents Lion Electric’s largest dedicated production site in the U.S. The company’s expansion helps respond to increasing demand in the marketplace for “Made in America” zero-emission vehicles, while simultaneously bringing production closer to its customers. Lion’s investments also help bring Illinois closer to its own clean energy goals, with plans to increase adoption of EV’s in the state to one million by 2030.
“Lion is the leader in electric school buses and has always been dedicated to the U.S. market, and our commitment to be close to our customers is one of the core values we have as a company,” said Marc Bedard, CEO and Founder of Lion. “This significant expansion into the U.S. market will not only allow us to drastically increase our overall manufacturing capacity of electric trucks and buses but to also better serve our customers, while adding critical clean manufacturing jobs that will form the backbone of the green economy. I also want to acknowledge the crucial role that P33 and Intersect Illinois, civic groups committed to developing a long-term roadmap for the local tech industry, played in connecting Lion with the Chicago area’s business and civic community to help further commercial traction, as well as engagement with key workforce and supplier partners.”
* One of their school buses…