Lion Electric Shares Rise on $38 Million Clean Energy School Bus Program Grant Award in U.S.
11 Januar 2024 - 4:44PM
Dow Jones News
By Adriano Marchese
Lion Electric shares climbed Thursday morning after the company
said that it was awarded a grant of $38 million for new electric
buses and charging infrastructure in the U.S.
At 10:00 a.m. ET, shares trading in Toronto gained 5% to 2.51
Canadian dollars ($1.88).
The manufacturer of zero-emission vehicles said late Wednesday
that the grant is for 97 school buses and related charging
infrastructure, which is part of the U.S. Environmental Protection
Agency's latest round of awards under the Clean School Bus
Program.
In addition to this round of financing, the EPA is currently
accepting applications for the 2023 Clean School Bus Rebate
Program, it said, and that the agency expects to award at least
$500 million in funding under this round by April 2024.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 11, 2024 10:29 ET (15:29 GMT)
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