Deal Snapshot
Electric Urban Vehicle Maker Lion Electric to Merge with SPAC Northern Genesis Acquisition
Monday 30 November 2020

US-based all-electric medium and heavy-duty urban vehicles manufacturer The Lion Electric Company plans to combine with special purpose acquisition company Northern Genesis Acquisition Corp. (NYSE: NGA), the company said.

The transaction is expected to bolster Lion's position in all-electric medium and heavy-duty urban vehicles by supporting the planned construction of a vehicle manufacturing facility in the US, the continued development of advanced battery systems, the planned construction of a highly automated battery system assembly factory and other general corporate purposes.


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Details
Date Published: 30/11/2020

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