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Lion Electric built school buses and trucks at plants in Quebec and Illinois and has about 2,200 vehicles on the road, but went through several rounds of layoffs last year and has halted production.

The company, based in St-Jérôme, Que., obtained protection from its creditors in December and is seeking a buyer with a restructuring plan that would focus only on school buses and return all manufacturing to Quebec.

A report to the Quebec Superior Court last month said potential buyers and liquidators were interested in the company, but did not say how many.

Shareholders filed a class-action lawsuit against the struggling company in February, claiming it misrepresented its financial health to investors.

This report by ¹ú²úÓÕ»ó¸£Àû was first published March 7, 2025.