Lion Electric Achieves Final Certification for LionBattery MD Pack

MONTREAL, Dec. 7, 2023 - The Lion Electric Company NYSE: LEV TSX: LEV, a frontrunner in the production of zero-emission vehicles, is proud to announce the successful acquisition of the final certification for its LionBattery MD Pack. This marks a significant milestone for the innovative medium duty ('MD') battery pack, confirming its compliance with rigorous industry standards and readiness for market deployment. As an integral component of the company's all-electric medium- and heavy-duty vehicles, the certification paves the way for further adoption of sustainable transportation solutions.

Impact on Lion Electric's Market Presence

With headquarters located in Saint-Jérôme, Canada, Lion Electric's dedication to electrifying urban transit is reinforced by its latest achievement. The certification not only boosts investor confidence represented by the company's stock tickers NYSE: LEV and FOREX: BGN, but also projects Lion Electric as a competitive player in the North American electric vehicle (EV) industry.

Strategic Advantages of the LionBattery MD Pack Certification

The LionBattery MD Pack is designed to offer optimal performance for medium-duty electric vehicles, which are increasingly becoming the vehicles of choice for urban commercial transportation. The final certification assures customers of the pack's safety, reliability, and efficiency, providing Lion Electric with a leverage to expand its market share in the burgeoning EV segment.

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