Lion Electric Co., a Canadian manufacturer of electric trucks and buses, is currently facing a critical situation as it seeks new investors due to a significant cash shortage.

Lion Electric recently announced that it has obtained a two-week extension on its credit agreement with three lenders. In addition, the company has received temporary relief on the conditions of a loan from the Caisse de Depot et Placement du Quebec and Finalta Capital Inc. These measures have been taken as Lion Electric works towards stabilizing its financial situation and attracting the necessary funding to continue its operations.