Highlights:
- GCWR: up to 127,000 lbs - highest of the electric vehicle (EV)
truck market
- Driving Range: up to 275 Miles (440 kilometers)
- Battery Capacity: up to 630 kWh
- Level III Charge Time (DC): charging to 80% SOC in 1.5
hours
- Powered by Lion's Heavy-Duty battery packs (high-energy-density
proprietary 750V battery system)
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LAS
VEGAS, May 21, 2024 /PRNewswire/ - The Lion
Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"),
a leading manufacturer of all-electric medium and heavy-duty urban
vehicles, unveiled today the Lion8 Tractor, an all-electric Class 8
commercial truck, during the Advanced Clean Transportation (ACT)
Expo, one of the largest conference and trade shows highlighting
the most advanced transportation technologies and clean fuels
available in the marketplace today.
"The Lion8 Tractor embodies our commitment to pushing the
boundaries of possibility in modern freight transportation," stated
Marc Bedard, CEO-Founder of Lion.
"We are thrilled to introduce a vehicle that not only meets but
surpasses the rigorous demands of today's transportation needs as
it sets a new standard in the EV truck market, combining
performance, efficiency, and environmental sustainability. Our
purpose-built electric vehicles stand as the cornerstone of our
vision for a sustainable future."
Setting New Standards For An Unmatched Performance
Engineered for unparalleled performance and operational
efficiency, the Lion8 Tractor, which is expected to be commercially
available mid-2024, emerges as the industry frontrunner with the
highest gross combination weight rating (GCWR) in the EV truck
sector, boasting up to 127,000 lbs.
With a battery capacity of up to 630 kWh (Lion's Heavy-Duty
battery packs), providing a range of up to 275 miles (440
kilometers), the Lion8 Tractor is meticulously designed for both
power and endurance. Charging to 80% SOC (state of charge) at max
power can be accomplished in approximately 1.5 hours, ensuring
maximum productivity.
Featuring a 6x4 axle configuration with two integrated 2-speed
eAxles, the Lion8 Tractor ensures optimized power distribution and
efficiency. Its Lion-engineered cab-forward provides optimal driver
visibility and maneuverability and sets the Lion8 Tractor as the
new benchmark for electric freight transportation.
The Lion8 Tractor is not only powerful. It is also intelligent,
thanks to its high-energy-density proprietary 750V battery system
and its standard Vehicle-to-Grid (V2G) compatibility. Furthermore,
additional features such as Advanced Driver Assistance Systems
(ADAS) and an onboard weighing system further enhance its safety
and operational efficiency.
Revolutionizing Industry Through Experience and
Innovation
With over 15 years dedicated to the development of all-electric
medium and heavy-duty vehicles, Lion stands at the forefront of the
industry. The launch of the Lion8 Tractor at the ACT Expo
underscores Lion's commitment to leading the transition to
zero-emission transportation with the broadest portfolio of Class
5-8 electric commercial vehicles in North
America. Lion has more than 2,000 vehicles on the road, with
over 25 million miles driven (over 40 million kilometers).
As with all of Lion's products, fleets customers considering the
Lion8 Tractor have direct access to the Lion Customer Success team,
who are experts in supporting the transition to zero emissions and
maximizing customer operational success. The support extends from
charging infrastructure with LionEnergy, financing assistance with
LionCapital Solutions and funding support services provided by the
LionGrants team, to driver/maintenance/safety training from
LionAssistance and proprietary EV telematics with LionBeat.
Fleet customers ready to start their electrification journey are
invited to contact Lion Electric
at marketing.lion@thelionelectric.com.
To learn more about the Lion8 Tractor visit: Lion8 Tractor -
All-Electric Class 8 Semi Truck | Lion Electric
(thelionelectric.com)
ABOUT LION ELECTRIC
Lion Electric is an innovative manufacturer of
zero-emission vehicles. The company creates, designs and
manufactures all-electric class 5 to class 8 commercial urban
trucks and all-electric school buses. Lion is a North American
leader in electric transportation and designs, builds and assembles
many of its vehicles' components, including chassis, battery packs,
truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion
vehicles have unique features that are specifically adapted to its
users and their everyday needs. Lion believes that transitioning to
all-electric vehicles will lead to major improvements in our
society, environment and overall quality of life. Lion shares are
traded on the New York Stock Exchange and the Toronto Stock
Exchange under the symbol LEV.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws and within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"), including statements about the Lion8
Tractor performance and efficiency and Lion's beliefs and
expectations and other statements that are not statements of
historical facts. Forward-looking statements may be identified by
the use of words such as "believe," "may," "will," "continue,"
"anticipate," "intend," "expect," "should," "would," "could,"
"plan," "project," "potential," "seem," "seek," "future," "target"
or other similar expressions and any other statements that predict
or indicate future events or trends or that are not statements of
historical matters, although not all forward-looking statements may
contain such identifying words. The forward-looking statements
contained in this press release are based on a number of estimates
and assumptions that Lion believes are reasonable when made. Such
estimates and assumptions are made by Lion in light of the
experience of management and their perception of historical trends,
current conditions and expected future developments, as well as
other factors believed to be appropriate and reasonable in the
circumstances. However, there can be no assurance that such
estimates and assumptions will prove to be correct. By their
nature, forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may
or may not occur in the future. For additional information on
estimates, assumptions, risks and uncertainties underlying certain
of the forward-looking statements made in this press release,
please consult section 23.0 entitled "Risk Factors" of the
Company's annual management's discussion and analysis of financial
condition and results of operations (MD&A) for the fiscal year
2023 and in other documents filed with the applicable Canadian
regulatory securities authorities and the Securities and Exchange
Commission, including the Company's interim MD&As. Many of
these risks are beyond Lion's management's ability to control or
predict. All forward-looking statements attributable to Lion or
persons acting on its behalf are expressly qualified in their
entirety by the cautionary statements contained and risk factors
identified in the Company's annual MD&A for the fiscal year
2023 and in other documents filed with the applicable Canadian
regulatory securities authorities and the Securities and Exchange
Commission. Because of these risks, uncertainties and assumptions,
readers should not place undue reliance on these forward-looking
statements. Furthermore, forward-looking statements speak only as
of the date they are made. Except as required under applicable
securities laws, Lion undertakes no obligation, and expressly
disclaims any duty, to update, revise or review any forward-looking
information, whether as a result of new information, future events
or otherwise.
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SOURCE The Lion Electric Co.