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Quebec refuses to reinvest in Lion Electric

83 pointsby Kon-Peki12 days ago

8 comments

ccppurcell12 days ago
Wait I don't understand is this just an excuse? Is this a slightly more subtle example of an "anti" movement being emboldened by what's happening in the US, despite the same legal framework not applying? Like the anti abortionists in Europe are on the rise. Or is there a legitimate reason that it depends a bit on US policy?
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pluc12 days ago
We just completely lost all investments in Northvolt so the government is being very careful with high profile investments into renewables, especially when we've bankrolled them before and they couldn't deliver.
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Kon-Peki12 days ago
&gt; Public Auction Due to closure of US EV Manufacturing facility – Short Notice!<p><a href="https:&#x2F;&#x2F;workingmancapital.com&#x2F;auction&#x2F;lion-electric-chicago-facility&#x2F;" rel="nofollow">https:&#x2F;&#x2F;workingmancapital.com&#x2F;auction&#x2F;lion-electric-chicago-...</a>
Animats12 days ago
They&#x27;ll have to buy from BYD, like everybody else.
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mg12 days ago
Electric buses are not just about the environment.<p>They are also so much more comfortable.<p>Less noisy, less rattly.<p>I would think it makes society healthier to have quieter, less annoying ways to commute.
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plorg12 days ago
Huh. I suppose that bus contract probably does make up a sizeable amount of their business. I last saw them at a trade show where they had their class 5 and 6 cab over truck chasses. There was a huge push for EV package delivery, for which that size was ideal. Their offerings looked pretty polished compared to the competition. I would think the CARB rules (and those in the other states that follow CARB) would stir a bit more demand for Lion&#x27;s product offerings, but I can see what Quebec would be hesitant about such a company operating internationally in the r current political environment.
knowitnone12 days ago
&quot;the group was seeking government aid of about $24 million to relaunch the company.&quot; sure, let&#x27;s throw away another $24 million in a company that failed
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0xbadc0de512 days ago
Government should not be backstopping poorly run companies from the consequences of their failure to execute. That will only encourage further irresponsibility.
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