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Lion Electric Receives Order for 50 100% Electric School Buses from Groupe Campeau

MONTREAL, Canada Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion”
or the “Company”), a leading manufacturer of all-electric medium and heavy-duty
vehicles, announced today that it has received an order for 50 all-electric LionC
school buses from Autobus Campeau in the province of Quebec, with deliveries to
begin by the first quarter of 2023.

The new buses will be used on school routes in the Brownsburg-Chatham,
Gatineau and Rigaud regions and are in addition to the LionC which Autobus
Campeau has been operating in their school bus fleet since 2016.

“We’re quite pleased to continue our collaboration with Autobus Campeau.This
new order is proof that the future of school transportation is electric and we’re
proud to continue our collaboration with an important transportation provider like
Autobus Campeau,” said Benoit Morin, Vice-President Bus Sales – Canada at
Lion Electric.

“We’re proud to continue electrifying our fleet with Lion vehicles and we are seeing
the benefits of driving electric in our operations, with our drivers and with the
students we transport every day,” concluded Jonathan Lauzon, Autobus
Campeau’s General Manager.

About Lion Electric:
Lion Electric is an innovative manufacturer of zero emission vehicles. We think,
design and manufacture all-electric, class 5 to class 8 commercial urban trucks
and all-electric buses and minibuses for the school, paratransit and mass transit
segments. Lion is a North American leader in electric transportation and designs,
builds and assembles many of its vehicles’ components, including chassis, battery
packs, truck cabins and bus bodies.

Always actively seeking new and reliable technologies, Lion vehicles have unique
features that are specifically adapted to its users and their everyday needs. We
believe that transitioning to all-electric vehicles will lead to major improvements in
our society, environment and overall quality of life. Lion shares are traded on the
New York Stock Exchange and the Toronto Stock Exchange under the symbol
LEV. Lion Electric, the brilliant choice. For more information visit Thelionelectric.com

About Autobus Campeau:
Autobus Campeau has been a road transport company since 1961. Our mission
is to provide reliable, safe and competitive road passenger transport solutions by
continually innovating to achieve our vision of becoming the leader in road
passenger transport in Canada.

Our values are loyalty, integrity, diligence, concern for safety, respect and
innovation.Our main activity is school bus transportation. We also offer paratransit,
interurban and charter services for schoolchildren, as well as for any other
individuals or groups.

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