Lion Electric Company (LEV) has released an update.
The Lion Electric Company reported a challenging second quarter for fiscal year 2024, with revenues falling to $30.3 million and vehicle deliveries decreasing to 101 units, amid production slowdowns and subsidy-related delays. The company also announced a significant workforce reduction and operational streamlining as part of an action plan to improve liquidity and meet profitability goals.
For further insights into LEV stock, check out TipRanks’ Stock Analysis page.
