Categories Earnings, Other Industries

Dana will supply parts for Lion Electric Co’s all-electric urban Class 8 truck

Atlanta-based Dana Inc (DAN) on Monday announced that Canadian electric vehicle maker Lion Electric Company chose Dana as a preferred supplier of traditional and electrified components for its all-electric urban Class 8 vehicle, the Lion8 truck.

According to the NYSE-listed firm, Lion’s truck boats of Dana’s ‘TM4’ direct drive system and traditional ‘Spicer’ driveline components.

Lion Electric is a Canadian company founded in 2008, specialized in Class 5-8 trucks, full-size school buses, and other vehicles for public transport. It launched its first electric bus in 2016. Since then, more than 200 zero-emission school buses by the company ply the roads of North America.

Dana to supply parts for Lion Electric Company Class 8 electric truck
The Class 8 truck from The Lion Electric Company — Lion8 (Courtesy: Official Brochure)

Last week, on March 11, The Lion Electric Co unveiled the Lion8 urban truck According to the Canadian firm, the truck would be commercialized this Fall and the first vehicle would be delivered to beverage giant Société des Alcools du Québec (SAQ).

Dana Commercial Vehicle Driveline Technologies President Mark Wallace said, “Dana’s collaboration with Lion Electric further solidifies our strategic initiatives as the leader in e-Propulsion. The Lion8 moves beyond simply testing these advanced technologies with the ability to order clean, electric-powered vehicles today.”

“We are very proud that The Lion Electric Co. is ready to commercially launch its first all-electric Class 8 urban truck now. Day after day, the expertise, passion, and vision of our partners, suppliers, and employees continue to impress me. Thanks to them and the industry that fully supports the electrification of transportation, we were able to make possible what everyone said was impossible!” added The Lion Electric Co. CEO Marc Bédard.



Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Coca-Cola (KO) Q1 2021 earnings release

The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The

Earnings calendar for the week of April 19

The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500

Undeterred by crisis, Bank of America stays in expansion mode

Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage

Add Comment
Viewing Highlight