Grants and Contributions:

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Title:

Project Eclipse

Agreement Number:

815991

Agreement Value:

$49,950,000.00

Agreement Date:

Aug 19, 2021 - Apr 30, 2041

Description:

This project will support the establishment of a new electric vehicle battery assembly plant and Centre of Expertise in Mirabel, Quebec to design and configure electric vehicle batteries for use in company plants.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The project will help create a new electric vehicle battery assembly plant and a Centre of Expertise in Mirabel, Quebec to design and configure electric vehicle batteries for use in company plants. The outcomes of this project will contribute to the Strengthened Climate Plan's Net Zero Accelerator initiative.

Location:

Saint-Jérôme, Quebec, CA J7Y5G2

Reference Number:

033-2021-2022-Q2-815991

Agreement Type:

Other transfer payment

Report Type:

Grants and Contributions

Recipient Business Number:

844624296

Recipient Type:

For-profit organization

Additional Information:

This amendment has been completed to extend the project agreement end date from 2040-04-30 to 2041-04-30. This is a partially repayable contribution.

Amendment Date

Mar 28, 2023

Recipient's Operating Name:

The Lion Electric Company

Recipient's Legal Name:

The Lion Electric Company

Federal Riding Name:

Mirabel

Federal Riding Number:

24048

Program:

SIF Stream3- Attraction

Program Purpose:

-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

336120

Amendments:

See Amendments