Lion Electric Bags Conditional Purchase Order From Langs Bus Lines For 200 Electric School Buses

• Lion Electric Co (NYSE:LEV) has received a conditional purchase order for 200 all-electric LionC school buses from Langs Bus Lines. Financial terms were not disclosed.
• The deliveries will begin gradually in 2022 and will continue through 2026.
• Langs Bus Lines Limited operates over 600 school buses and minibusses throughout Southern Ontario.
• The purchase order is conditional upon the satisfactory grant of non-repayable contributions to Langs Bus Lines under Infrastructure Canada's Zero-Emission Transit Fund (ZETF).
• Price Action: LEV shares are trading higher by 2.67% at $10.00 during the pre-market session on Tuesday.