Que. government says there’s no more public money for Lion Electric
May 1, 2025
Economy Minister Christine Fréchette said in a statement on Apr. 30 that the government wouldn’t be responsible for injecting more funds into the struggling company.
The Quebec government says it won’t invest more public money in Lion Electric, putting the electric-vehicle maker’s future in doubt.
Economy Minister Christine Fréchette said in a statement on Apr. 30 that the government wouldn’t be responsible for injecting more funds into the struggling company.
She said that while the province has a duty to support Quebec businesses, Lion’s recovery plan recently submitted to the government “did not justify” more public funding.
The company, headquartered in St-Jérôme, Que., sought creditor protection in December and has since been seeking a buyer.
Reports this week said a group of Quebec investors was interested in buying the company, which manufactured electric school buses and trucks, but needed $20 million in government aid — a proposal that was presented to Premier François Legault’s caucus this week.
The Quebec government has already invested $177 million in Lion Electric.
