Electric Bus Maker Lion Electric Granted Creditor Protection by Quebec Court

Part of the assembly floor at Lion Electric Company's lithium-ion battery manufacturing facility is shown in Mirabel, Que., on Sept. 14, 2023. The Canadian Press/Christinne Muschi

The Lion Electric Co. says it has been granted protection from creditors under the Companies’ Creditors Arrangement Act by the Superior Court of Quebec.

The electric bus maker says it plans to seek recognition of the CCAA proceedings in the U.S. under Chapter 15 of the Bankruptcy Code.