Lion Electric’s journey from unicorn to scrapyard is nearly complete. The Quebec EV maker, once valued at $4.7 billion, is reportedly being scooped up for a fire-sale price of $6 million—just enough to cover parts. The buyer? Unknown. Details? Mostly sealed.
But insiders say it’s a liquidation deal, with little left for big-name creditors like the Caisse de dépôt, which poured in $15 million. Buyers may fear service gaps post-bankruptcy. Lion’s not talking; its spokesperson declined comment. After years of hype and government support, the electric bus pioneer’s road ends in silence.
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