The court-appointed monitor says potential buyers and liquidators are interested in Quebec’s electric vehicle manufacturer Lion Electric.
A new report to the Quebec Superior Court states that a letter of intent was received earlier this month, but not how many.
The report states that 169 potential investors have been approached as part of creditor protection procedures and 15 parties that may be interested in liquidating the company’s assets.
Seven of those 15 visited Lion Electric manufacturing sites in Canada and the US.
Lion Electric gained protection from creditors in December, seeking buyers with a restructuring plan that focuses solely on school buses and brings all manufacturing back to Quebec.
This morning, a judge in the Quebec Superior Court agreed to extend the protection of the company’s creditors to April 4, but those bidding for the company must make an offer by March 7th. Not there.
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