“Quebec is building expertise in electric transportation,” Premier François Legault said. “Our government is ready to invest to put Quebec on the right side of history in the economy.”
The Quebec and federal governments have announced a combined $100-million investment Lion Electric, a Quebec-based electric bus and transit truck manufacturer.
The money will go toward the company opening a battery assembly plant in Saint-Jérôme. The plant is expected to create 135 jobs when it opens in 2023 and another 150 positions in the longterm.
Quebec Premier François Legault and Prime Minister Justin Trudeau made the announcement at a joint news conference in Montreal on Monday morning. The two governments are putting $50 million each toward the project.
“With Lion, and several other companies, Quebec is building expertise in electric transportation,” Legault said in a statement. “Our government is ready to invest to put Quebec on the right side of history in the economy.”
Quebec Economy Minister Pierre Fitzgibbon called the announcement “a major step in the development of our battery industry in Quebec.”
Lion Electric president Marc Bédard said the new investments will allow the company to start producing parts in Quebec that it previously needed to import.
Lion Electric is predominately known for manufacturing electric school buses. The company was founded in 2008 and employes more than 460 people.
This story will be updated.