LEV - Earnings call 3 2023 | Lion Electric Co

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good morning, ladies and gentlemen. Welcome to Lion Electric's Third Quarter 2023 Results Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Isabelle Adjahi, Vice President, Investor Relations and Sustainable Development. Please go ahead, Ms. Adjahi.

Isabelle Adjahi

our press to Today, Quarter differ Marc Please I you CEO, release in Nicolas Welcome Call. any in Results Bedard, We note everyone. Coulombe, forward-looking Founder; Language] Richard invite to information that may which the information implied this in contains our [Foreign am that results. such Brunet, regarding and assumptions and those impact that morning, morning's actual our Lion's Financial our include MD&A, XXXX Third Conference various materially our our discussion from Good our actual Chief results and language and review could estimates could cautionary important Officer. other statements. President; here with risks and factors,

Marc me Marc? With turn begin. to over it to let that,

Marc Bedard

$X.X volume, went in continued average well, Thank margin X% positive higher clearly expenses, everyone. a you, margin pleased and to selling our gross million approximately basically doubled that in this SG&A over we negative deliveries, $XX.X EBITDA from the negative increasing that XXXX revenues we goal X% with had XXXX, our to we by negative driven QX price profitability. QX showing to of and a gross our We to cost mostly our as report control. gross significant from are revenues Isabelle. achieved remains favorable to record same morning, improvement year. QX, and margins, QX Today, Good Compared in focus million of

focus deeply a its my acknowledge works aspects driven space. me in and more customers have execution the Canada. or vehicles It our leadership EV of products across got acceleration States than business, all over miles position acquainted million named Nicolas, recent road, and significant is now operations the strategic the demonstrating of X,XXX with operations our than more also was of with commercial who elaboration being appointments. on to we achievement, Lion's the Also, XX leadership President years pleasure main past million sales and kilometers, the the XX United X and and the with on

Richard, who Financial of finance objectives was a positive his Richard executive has of will with for our growth lot years flow. success our X XX in appointed years projects and the last support instrumental Officer. roles been driving Chief profitability free cash leverage to in

I will capital objectives we now our an to profitability have optimize provide focus decisions and key on on update several made usage.

of school the existing commercial our to On the prioritize bus will Lion our LionX the the platforms. the production integration commercial products we bus and on postpone of Batteries side, timely production our of high-demand

us not the our to LionX vehicles we begin both finally, as entry both have with decision Power the the started for on our in Nikola great And litigation news and the tractor with LionX On to mid-XXXX. side, using of to bus will school Motors customer deliveries. truck market truck batteries result and their we production these soon LionD supply will us Romeo batteries thus Lion own commercial respect truck, with and its postponing the

buses Now to to place capacity reach in a operations. manufacturing the have In X,XXX infrastructure of turning Joliet, we plants now our school production year. and per

also During units. I started as the QX, LionD mentioned, commercial buses. up just we continued And of to LionC of production production ramp the have we

to of we is occur year. final up the of certification expect progressing well, end power certification and production during per up our current ramp The we the continue to over for year to of battery quarter. X,XXX X.X line process allows reach before packs Lion capacity vehicles. us the packs to production The hour gigawatt plant, and battery At our production of the Lion

is building and being inventory. The certification With currently a allows a as respect inspection for as This as warehouse vehicles innovation a to efficiency. optimize used predelivery batteries, center us site and and testing space and our available operational for our center. to leverage

soon and to see using a track delivery the will as vehicles our take our innovation customers for showroom Additionally, center center our on and delivery. start and we test test

X we expand year. completed a been will the nutshell, of In this the investments have manufacturing capacity our for be and to CapEx targeted by able to our end levels projects our growth

commercial On ask operations I dive note, performance. that now to Nicolas our will into

Richard Before of the financial our QX discuss will to highlights turning results. it

Nicolas Brunet

but We the Canada vehicles XXX in vehicles QX, in This of trucks. the school quarterly buses where U.S. XXX The to deliveries buses XX majority purpose-built we a Marc. were also of EV number clean XXX program. record the of customers. a new of you, EPA's delivered is school those deliveries, Thank overall in delivered U.S. and and for delivered were consisting XXX part several U.S. record bus deliveries vast in school

the buses. in under school Lion's program EV to leadership EPA pleased are We demonstrated U.S. prompt deliveries make

first we twice Cumulatively, of the delivered over almost same same XXX delivered of time vehicles, year. last total for XXX the a the year, X vehicles months the

million. announced X,XXX Highland conditional from to and Friday. mentioning school LionC at buses, trucks is charging respect Energy $XXX book, X,XXX that's Worth this for order order it With totaling we Electric the which XXX million Lion past with book XX vehicles, currently stands a at stations, representing buses, the XXX $X

the August EPA including as which book XXX the and programs related We affected drove electric interest all $XXX to funding delays in XXXX in discussed order which clients as a earlier of by grant well order for customer result are from programs of This in momentum deferral as significant subsidy of units and vehicle ahead positive awards various funding factors, from applications mostly including million under QX program, cancellations decisions. awards of purchase attractive XXXX. quarter's LionA buses anticipate removal customer the platform stemming was awaiting school a the expected

where appealing such requiring as scheduled applications $XXX January programs with by orders Potential of New announcement award in York, Quebec million, Several increase rebate recently states under per school $XXX,XXX Colorado, capacity. from which could California, EPA available the April bus beyond program to with on set program of XXXX funding budget an and [indiscernible] demand program, $XXX,XXX bus market, with the in renewed bus XXXX. the Texas, depending school per battery of Michigan subsidy the and EPA XXXX, momentum was bus, drive the a for

Separately, satisfactory This accelerate government, under by and process laws purchase momentum in the transportation in supported space are for program. of this of dialogue and Successful states with of generate approval we the applications the ETF completion placed the Canadian is further increasing further passing school deliveries bus federal applications new an school sector. to deployments ongoing number bus could the enable the timely orders. potential of sizable co for would electrification

players this electrification. X road, purpose-built on billions still at with just subsidy Lion the out LionX interest. market. of market early of existing significant few we deployments accelerating vehicle commencing, upcoming while our programs the On the electrification fleet stands truck Class units a and remain Leveraging one very aimed monitoring school we we X customer in in generate and massive critical at are stage Like prospects is to upcoming bus the very truck closely expect sector, in our to enthusiastic side, as about the platform, of

and transition continue and Lion desire as well customer as electrification emerging this to conclude, believe regulation subsidy address To positioned to is we well attractive strong experience engagement fleet EV on to upcoming underpinned we programs to demand. very by special

note, performance. Richard now financial that will our On discuss Richard?

Richard Coulombe

our negative volume, $XX favorable position. as This Thank mix CapEx. revenue as update resulting represents gross average an product you, of revenue last liquidity I to will XXX% close period then start with by to selling well on This In versus QX and million. commenting discuss sales I delivered in year. growth cost coupled we vehicles, record QX on almost continued year compared Nicolas. will margins led of of XXX X.X% in same prices results, previous including QX, compared XXXX. X.X% the the discipline and to XX% to increase in

quarter, share-based SG&A was the compensation noncash $XX before million. For

last as on SG&A cost our and due XX% from percentage trend flow continue As containment we year focus compensation before maintaining positive we are a This cash disciplined objectives. reaching share-based to efforts. a at profitability of XX% to over is free noncash decreased to looking the revenue,

to from net mostly improved million, QX $XX a of decrease million million XXXX. assets, Additions to to XXXX. million $XX.X $X.X EBITDA intangible to in negative $X to compared $XX Adjusted when negative amounted million related QX in R&D

the to compared to $XX $XX million, significant for last million $X amounted projects. initial our plant have foreseeable year. We, leading million expenditures to the spend combined and CapEx of targeted $X us maintenance capital Joliet the We on $XX expenditures mostly minimal their Capital in in approximately CapEx the the as and anticipate to campus, QX for campus, Joliet for growth investment Lion capacity continue expect these million therefore, our Lion level. future, of projects decrease including a reached as main million conclusion

to us execute provides flexibility plan. $XXX turning successfully with capital continue resources. additional proceeds net resulting which of In and our Now in closed million we financings $XXX QX, or liquidity million to to gross

As in our liquidity stood capacity of $XX September million. $XX $XXX immediate our at million XX, XXXX, debt borrowing the stood our quarter, million, immediate balance revolver. cash $XXX of the on million end At and at in consisting of

to and product with continue XXXX Finally, decreasing as on move budgetary capital structure. working process, Back improving forward internal Marc. you, management we our cost our focus we to optimizing costs,

Marc Bedard

Thank you, Richard.

we our let the performance conclude market open our are me for about QX the in questions, and with EV Before saying by we the unfolding positioning. line thrilled pleased that opportunities and

we achieve to focus place, right elements is strategy achieve Our the we objectives. are our the have commitment and that positive right and to cash free and confident flow, profitability the right in

you your attention this Thank for morning.

questions. the line open now Let's for

Isabelle Adjahi

questions. for will now the we open Operator, Instructions] lines [Operator

Operator

Instructions] [Operator

Marc Bedard

have ahead. think . a please George, I we from go George. question

George Gianarikas

to of How that we the -- about great momentum on in terms margin quarters the gross of ask forward? you going the think sustainability a wanted showed. few the next couple of quarter. Congratulations modeling margins I gross about your should

Marc Bedard

that take question, you the George. Thank I'll one. for

gross QX achieved to X.X% XXXX. a in increase as we negative record substantial of QX and in XXXX compared X.X% QX, margin in a so representing So a X.X%

and we we some and positive the management. priority is EBITDA require We're Lion. achieving revenue definitely cost but continue at positive -- obviously in growth as free clearly sustaining up. cash ramp focus volatility gross management tight direction, It continued #X see and could to So right margin on flow would

deliveries currency platform IND gradual this gross our commercial on temporarily our integration Lion could New affect Battery the margin. model of quarter LionX and and the starting in

be to We the driving organization continue productivity focused very reducing at within working product cost. our on and

George Gianarikas

as And second my question, a again, maybe is just housekeeping. then

remind should we couple assume You CapEx your is for you forward, mentioned few less just firm years? more of us of the Can what that complete. maintenance the level next CapEx growth or going for the

Marc Bedard

aiming at year. It's CapEx maintenance really we're be CapEx. Should now, single-digit for pretty be largely Right minimal. going to next

George Gianarikas

is the you number millions Single-digit mentioned?

Marc Bedard

Correct.

Operator

D.A. Mike now We have Shlisky of Davidson.

Michael Shlisky

your So right Do nice running when Illinois, to now, established really plant any view to you're well a you have looking Quebec. with as up visibility and going point, your quarter is obviously, X be in least in at this now? good giving enough right as -- production is guidance you us deliveries your at rate might be some . consistent about start what how

Nicolas Brunet

Mike, don't morning I'll All forward. won't provide timing still and one have no any one. we we're there's -- change, mode. assessing things we're this -- but internally. will, going us Nick decision take for to to guidance that is guidance update here. in provide We we're set always right The this Look, ramp-up when mean, an I

Michael Shlisky

Okay.

little the of behind we that that Okay. the Was truck last is project Maybe little resolved? couple there into do to tractor. about? just of getting thinking the expect bit that the you whole there talk from how once guess And a should I develop as the and quarters as about guided that a cover most you Nikola you scenes bit a curious can over I'm high battery, finalized. to be LionX case cost

Marc Bedard

terminated Well, with -- respect that basically with to them -- know now. you Nikola the through well, the Motors, right we've going

to have be we using those we expecting on battery the against against batteries the against need certified is Romeo. and to But the is will you, going choice HD early the I now our whole proceedings to next But will be Mike, on LionX it. amazing. year, tractor. back civil DT, And question I proceeding able your market This no use tractor, Nikola. tell And LionX obviously, mean, in batteries. own on So

trucks. We a will to on kilowatt be those of put lot able hour

will range well. we So as have lot of a

of be So I the further for proceedings obviously, question able we're mean, that But product. the root comment now. because Nikola to expecting Motors, will right back not mean going very good we of to going respectively, demand, I on your on

Michael Shlisky

Okay. Fair enough.

Operator

Poirier Benoit have now We Bank. Capital from Desjardins

Benoit Poirier

Yes.

lower if bus there -- orders purchase looking but remove the LionA, for looking from there XXX was the removed the that comment backlog, . bus and -- side. is bus order you it momentum on on ability like your looks Just about just some purchase your the you Could bidding sorry, truck on side the more at your booking to XXXX? in XXX was pipeline the side, secure

Marc Bedard

I'll in during moving number the parts Ben, this are order a of certainly. take Yes, book Look, one. quarter. the there

put place As await you placing postponement. or what are as volatility mentioned, But removal in they're know most timing subsidy the programs related before of units renewed the order. their to customers XXX important the was caused that's the expected the the that by being programs, of the are allocations some the there's what and one also to are LionA

that right, allocation coming expected to I And earlier some see end we to the think in customers reemphasize in continue X towards of in I in That's of federally from strong and fleet allocation the important and upcoming of bus of electrification. -- funding, early X that's see allowance order beginning engagement between mentioned for next QX the are $XXX somewhere to year. customers EPA April. expected awards million school we U.S. or it's which flow. catalysts the

subsidy hopefully the that In when And we paid is the will, a extended, -- could that per bus on that near-term us big which operators depending was obtain a approval for to Quebec now on in pause, per news where deliveries based talked if that market being the and approvals. is extended There's previously as lead the program renewed. was the was school capacity. obviously good us, can we to the it subsidy ETF increased up bus $XXX,XXX for $XXX,XXX -- more market when was it battery the and program about get the there here, you

that purchase at state the flows, at funding a order and also believe, But there's alternatives then will we well level. various drive number of more provincial as and the

continue environment, book we the volatility demand some quarter-to-quarter can good very feel but a subsidy overall, So programs in the on create to order those basis. about

Benoit Poirier

order bus subsidy? the is what And Okay. which to timing Ireland, approval Canadian regard ZETF with the respect the the to from is final with conditional, for

Marc Bedard

But point the orders, obviously, ZETF, now number say we're the in Yes. the very in that it's we that progressing are hope pinpoint of we larger well of dialogue. are it's specific to and each, -- to difficult a timing We specific mean the I on live the right what orders near for time. but have in that a queue tough it's live. to term,

Operator

Barclays. Dan have Levy now of We .

Unknown Analyst

bit had U.S. benefits Josh on I in went we're accordingly. increase mix on a for any a today. line I quick Dan's U.S. question up quite that an from also the ticked up sales? and if this ASP saw getting quarter volumes

into or potential any if wondering there's Canada? benefit the correlation from versus I was U.S. So increasing sales

Marc Bedard

U.S. a market in we units The yes, tend more sell The higher different. differences of regulatory Josh. in a relative typically market auctions. intricate -- environment less is, Yes, where capacity, there's market, energy, more Obviously, is onboard between there's the with it space. to province more the to in market U.S. battery the is Canadian short

match customer more and keep in sell is Obviously, to to... market a And the Canadian and our that average vehicles mind, the have over selling higher price. options it's about the to more so that are XXx market, tend we U.S. with do U.S. goal in

Unknown Analyst

was regulatory like the of seeing some And as on bumping those heavy-duty fleet among a California and some the other demand like on up I consider states any of more slower advanced medium you any or there? maybe inclinations EV potential if the wondering And whether potentially have states trucks. we're somewhat follow-up, a credits per will uptake cream the

Marc Bedard

for the days a If truck there's XX And the space, me X this as saying player I the be this would registered. the year, right? truck the space. is that Lion than data, Class really at based were mean, in June less EV vehicles sentence, look, by let market the on still -- you at look there in fourth of start the X,XXX

very players a product out there. positive purpose-built So legislation. we're critical importantly, seen we few -- the with mass of with one and some have There

about -- California You is side. positive that's advanced talked certainly development. a This the regulation more on

we but We the And typically, it seen regulation we're the certainly just market subsidy as market at direct if hoping manufacturing yes, programs. that, the seen and you visibility don't ramp very clients the significantly increase we're accommodate be remains we've in into is have that the again, this things is user. to markets, case will up, following to other hopeful and exactly of beginning, the and will, it as modification, over when the capacity we've to Altogether, well. have time product for and

Operator

We Chen Markets. have question next with Tamy our BMO from Capital

Tamy Chen

Can go Is the What's the required. the there's delays? revisions -- it some subsidy causing or of application, back program, you the nuances ZETF. again the Canadian to just additional

And so there's a on from just delay understand to perspective. what's trying there? an I'm been administrative just going

Marc Bedard

Yes, application is specific program is the that one Tamy. Look, by ZETF application. very

that both big bus approval are have ones the every believe, different. it's for for bus. are, the big the the school we the so because those for the first transit school The that school recall queue we in and ones program first is buses. And orders is And

appropriate of to appropriate government that directly clients to -- ourselves the within parameters and asks And get out so to to our program. the the there's of the clients need turns. federal our point dialogue between find the the I

by believe approved hopefully ones resolution. first burden once -- good an And yes, again, administrative the large is that. And a hopeful are can We that And that that. that bespoke get it's things application there's accelerate from there to so obviously, we're application. we'll very

Tamy Chen

see. I

And LionX the Okay. school the bus, bus.

sorry, So I prioritize in understand deferred LionX I the your school want book, is you as post made higher make or understand want deferred decision the the I other XXX to order you correctly. bus? XXX I -- so to to products? that units make just was sure sure customer the And that the on demand that just

Marc Bedard

the the you we as focus. this it's when know and matter believers focus and strong We're bus, high-demand commercial production a the related you LionX focus as is of to of on products to Yes, decided were saying. school

So market, the LionX coming it's also bit most little and a it's to the -- and the LionX the LionD LionC, later.

a So and cost all matter focus control. of

Richard Coulombe

the if those with in address order removing just order or felt order But to order. if period, the defer or And book. I LionC there's part, just longer order from us units the it as was the see customers those remove from book we're review, undertaking to it convert book desire a to prudent LionD to our a the the dialogue we

Operator

Riley We Chris now have Financial. Souther, B.

Christopher Souther

I kind I facilities. Joliet starting of just here? bit of wanted on what have of And the output production any hit of give then little to kind mix to the sense a Could between touch is out a X you the us follow-up.

Marc Bedard

Yes. the well. Chris, going yes, is cadence

remember capacity for X,XXX also trucks Montreal, in have capacity And capacity we we X,XXX an Montreal, a buses X,XXX of manufacturing You in buses will manufacturing a had Joliet. probably of basis. on we annual have and in

we is more for lot So the supply was And the have there is the last probably years. was no chain going question on supply getting the X well. But stable. cadence chain. yet a very discussion And that

well. a So suppliers stable, as the been redundancy of it's working on and more getting lot we've a lot

So it's well. going quite

delivered, country the is there. the you pace are goal the really that So is as to our increase to the needed. know we're and goal where buses getting being also in manufacture And

that Canadian on more is as we'll on very with equipped But X,XXX we're we get we're buses bigger to in pace U.S. the obviously, side. be than deliver. the able now market. And the I very, orders less buses XXx to the doing So market Nick earlier, side, capacity manufacturing right as the well U.S. we're increase of the Canadian mean, was saying doing U.S.

Christopher Souther

Yes.

up the manufacturing Or not the in country . quarter, facility? Just deliveries that, so like quite to school by there with the the of the side? of matched third geography on bus we are yet clarify kind U.S.

Nicolas Brunet

By and large. Yes.

Christopher Souther

it. Got

kind increase, that. at pricing I'm looking if big I then a And margin to had the of with piece Okay. do think

that we much As between the how stage? trend side just kind the you we have sense as price there continued a hop kind production of we X be more? the we of is can And U.S. on -- any kind side, of that of get this ASP increase in U.S. premium kind ramping bake just And kind the with at talk to higher of should can up have? delta what cost of opportunity in through want then I'll back. on I

Nicolas Brunet

the really selling is there Yes. an about Chris, price in for mentioned options energy no It's material as onboard have Canada we difference producing at I it's -- we least about the in vehicles. that earlier, about equal price it that no and in in the the or there's difference between U.S. producing have build,

it more options So I energy. the a of U.S. about to mix is couldn't rule vehicle on of Canada. And thumb really versus point than and

Operator

National next Rupert now have We question of Bank. Merer the from

Rupert Merer

a of the drove that that. if how give next the color a combination Wondering what On you on few imagine working over capital in your do you batteries some capital, I quarters? working vehicles. evolving bit And can little increased quarter. see and

Nicolas Brunet

you take one. for I'll the Thank that question.

don't last strategy Marc And capital, in through. given we out, working of the that as chain prices our today, or I connected also one a place production, preparing we for there's LionX, LionD, introduction but obviously, supply platform, portion in the that's the the we're the we anymore. working very increase -- the year so of into of also integration So so. strategy our with inventory batteries in overstocking focused our you, somewhat the of tell capital have can pointed on with growth driving we're need directly necessarily this went of is some the own increase the we're this

we're and in expect very we more around capital capital, turning on quarters. . So focused to working reducing see few the really day now, next right

Rupert Merer

see much vehicles get of ZETF awaiting funding? Is funding, could there inventory And to related you some capital working that are coming out? in that when you

Marc Bedard

Yes. been Nick are is there's approvals. also that last lagging so there approval the that a are yes, couple from that we here of and out XX just earlier, we pointed quarter that someone waiting definitely see to were them Lion Well, some, be as some will there's waiting has with delivered, get uptake as there

Rupert Merer

talked Great. can the in And then you color about chain on the some we supply fact about comments, And that on the us cost secondly, are we've reduction. you say, prepared seeing where is Wondering in drive easing. seen the about And now, talked and are reduction focus last the out give and your on give inflation that earlier a years? also, where if cost you a if opportunities future? few you're to the today over comment costs in the and could you inflation to if

Marc Bedard

reducing Yes, Rupert, cost on Marc. this focused we're as is the know. you

be we going see there the all inflation future. places of there's But will there's lot inflation there mean, help. Obviously, be didn't us where now hitting where So still many are right a lot a know. places of the I to -- benefits. the in as we savings

reducing getting also going and of this is in Obviously, investments that. up, lot are R&D. now. stable. many I volume down. we be place One and I many, more going in that to the in the cost will in with First past will invested significantly, We've this where be our future, is And It's amortization tell the need the for lot of processes good. a we've the this R&D been benefit R&D doing mean all, better. a of fixed the years, then starting manufacturing and we is see you

the of looking saw in cost that percentage speaking And has And been SG&A control, also like reducing at are next quarters you stable. of we well. over the SG&A as very probably the sales

SG&A same we've example, year about to able for net of with amount the last expenses. the to double compared year So this been

as about a we It's vehicles, million year, all bringing last a focus negative focus with our in sold products. XXX it's vehicles. This negative on the probably EBITDA of $X.X you of of the costs. had year, well So we the on EBITDA XXX we Rupert, QX down about saw that had And those and $XX million. margin,

So you I very that everyone think that to can see is good you're very seeing but it's thing believe reach math. I don't And is the model proof that said this we that past, that is profitability. can in scaling high well. volume need do scaling business well. the the now, the the And very we

Rupert Merer

in margins get Great. the for color, this Definitely solid quarter. Marc. I'll Thanks Congrats. queue. back the

Operator

the the have We Sinha final question from on with Capital. Abhishek Northland line registered

Abhishek Sinha

Yes.

Just quarters margin, on you gross your positive wondering, margin. gross X consecutive have of

given your be U.S. up lumpy be the here going So positive we on ramp margins could I would margins business. understand ASPs whatnot? the in of forward the nature during the and But and can -- the higher from assume that

Marc Bedard

see going movements Yes. Abhishek we're earlier, in mentioned some to margin. gross

talking talking with I in though. new QX the to saying the at beginning next So those that as mean, margin is And the one under are near really year margin helping LionD. LionX this going not the very that it's the earlier, Well, the the the in the starting margin volume, mean, is of is we it's about this year, future. as and as good about of we're deliveries, the also products obvious we're the tracker. And launch but I the just of obviously, platforms -- was LionX I gross be

for or volatility gross we because So of next margin the X in X some quarters expect the those items.

Abhishek Sinha

we sector? see landscape I under some mean of Got it. Could stress. M&A peers you in the on comment the the are

any focused here? evaluating such how are guys you Just on wondering organic from are just growth opportunity mostly

Marc Bedard

as customers a focus. focused our fully we're mean commercial having margin. and I -- our business. increasing very managing well. were on mean I operation on is We're the with -- efficient We meetings our this our managing

So we're -- items right we're XXX% focused on those now.

So we're not this. looking . at

Operator

no the line. have We questions on further

So back it any for to final remarks. hand Ms. Adjahi I'd like to

Isabelle Adjahi

and discussion, really call continuing everyone, for free Have today. We may nice have. the Thank thanks, Well, questions you. me please a for look follow-up any day. joining the forward to contact you to

Operator

you you a I now for does Please call. day, confirm your for may conference this have Thank joining. and disconnect. lovely can rest conclude of today's

Lion Electric (LEVGQ) 7 Nov 232023 Q3 Earnings call transcript