Lion Electric reports US$21.7-million first-quarter loss as company faces higher manufacturing costs

says it lost US$21.7-million in its latest quarter compared with a loss of US$15.6-million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products.

Revenue for the quarter totalled US$55.5-million, up from US$54.7-million in the first quarter of 2023.

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