Lion Electric Manufacturing USA Files for Chapter 15 Bankruptcy

Lion Electric Manufacturing USA, Inc. filed for Chapter 15 bankruptcy protection in Illinois court, according to a court filing.

• The company is subject of a provisional liquidation proceeding in Canada
• NOTE: Chapter 15 bankruptcy protects a company’s US assets while restructuring arrangements are worked out elsewhere
• NOTE: Earlier, Lion Electric Files Application for Creditor Protection
  • Lion Electric Expects Bankruptcy Filing Amid EV Pushback

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