EV Maker That Defaulted on Debts Seeks Creditor Protection in Quebec Court

A worker installs an installation plate into a battery pack at Lion Electric's lithium-ion battery manufacturing facility in Mirabel, Que., on Sept. 14, 2023. The Canadian Press/Christinne Muschi

The Lion Electric Co. has applied to the Superior Court of Quebec for protection from creditors under the Companies’ Creditors Arrangement Act.

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