The Lion Electric Co. Receives Largest Order to Date
August 31 2020 - 10:15AM
CN (TSX: CNR) (NYSE: CNI) and The Lion Electric Co. announced today
that they have signed a Memorandum of Understanding for CN to
acquire 50 zero-emission trucks by CN as part of its fleet of
trucks for intermodal use. The trucks will be used in CN's
intermodal terminals in urban areas to reduce greenhouse gas
emissions.
In April of 2019, CN launched a pilot program to
test the use of custom-built electric trucks engineered by
Quebec-based The Lion Electric Co. These zero-emission trucks,
slated for intermodal use, will be tested in a variety of
situations and environments across the CN network, from urban
delivery, container shuttle service, to port operations. The Lion
trucks do not produce any noise pollution and will remove 100 tons
of greenhouse gas emissions from the road annually.
“By focusing on electric vehicles, CN and Lion
are playing a leadership role in the transition to the economy of
the future. This will help fight climate change and creates good
jobs here. It's exactly the kind of investment needed for a
greener, more innovative economic
recovery.” -
The Honourable Pablo Rodriguez, Leader of the Government in the
House of Commons
“The Quebec government believes in a sustainable
economic recovery. I am pleased that The Lion Electric Company and
CN are able to work together to contribute to the electrification
of transportation, which is a very effective way to reduce
greenhouse gas emissions in Quebec. We can be proud of these two
companies that want to do business and showcase our know-how while
fighting climate change.”
-
Benoit Charrette, Minister of the Environment and the Fight Against
Climate Change
“CN is showing leadership by acquiring 50
all-electric Lion trucks. This order, the largest for Lion Electric
Co. yet, is a sign of confidence in our company and that now is the
time for the electrification of heavy transportation. Aside from
being zero-emission, I believe the Lion electric trucks will be an
invaluable addition to CN’s operations. I hope this deal inspires
everyone who is looking for an economical, sustainable and
environmental transportation solution to switch to electric
vehicles.” -
Marc Bédard, President and Founder of The Lion Electric Co.
“CN has been headquartered in Montreal for more
than 100 years and our company employs several thousand people in
Quebec, so we are very pleased to support innovation in Quebec.
This agreement is also part of our commitment to encourage economic
recovery and reduce the carbon footprint of the global supply
chain. The regulatory regime put in place by the federal government
ensures an environment conducive to such investments.”
- Jean-Jacques Ruest, President and
Chief Executive Officer, CN
About CNCN is a world-class
transportation leader and trade-enabler. Essential to the economy,
to the customers, and to the communities it serves, CN safely
transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. As the only railroad connecting Canada’s Eastern and
Western coasts with the Southern tip of the U.S. through a
19,500-mile rail network, CN and its affiliates have been
contributing to community prosperity and sustainable trade since
1919. CN is committed to programs supporting social responsibility
and environmental stewardship.
About The Lion Electric Co.The
Lion Electric Co. is an innovative manufacturer of zero-emission
vehicles. We create, design, and manufacture all-electric class 5
to class 8 commercial urban trucks and all-electric buses and
minibuses for the school, paratransit, and mass transit markets.
Lion is a North American leader in electric OEM and designs,
builds, and assembles all its vehicles’ main components: chassis,
battery sets, truck cabins and bus bodies.
Always actively seeking new reliable
technologies, Lion vehicles have unique features that are
specifically adapted to its users and their everyday needs. We
believe that transitioning to all-electric vehicles will lead to
major improvements in our society, environment, and overall quality
of life.
Contacts:MediaJonathan
AbecassisSenior ManagerMedia Relations514-399-7956 |
InvestorsPaul ButcherVice-PresidentInvestor
Relations514-399-0052 |
|
|
The Lion Electric Co.Patrick Gervais – Vice
President Marketing and Communications
Patrick.gervais@thelionelectric.com 514-992-1060 |
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