Lion Electric opened its sprawling 900,000-square-foot plant near Joliet in 2023, touting the potential for 1,400 new jobs.
The Quebec-based electric school bus maker found eager customers in Illinois school districts, which wanted to take advantage of generous federal grants, reduce pollution and give kids a cleaner, quieter ride to school.
But the bad news about Lion, which has been building for months, got worse Monday, with a court-appointed monitor saying there is a “very high” likelihood that the company will be liquidated, according to the Globe and Mail and other outlets.
“It’s a bit of a sad story, because it’s the right company with an interesting product,” said Yan Cimon, a professor of business strategy at the…
