Lion Electric

How it happened

Lion Electric was a Canadian maker of electric school buses and trucks, valued at ~$4B after going public via SPAC in 2021. Slower-than-expected EV adoption, production and cash-flow problems, and heavy losses overwhelmed the company; it sought creditor protection under the CCAA in December 2024, with its shares collapsing roughly 98% from peak. Glassdoor reviews charted the unraveling from the plant floor: employees described leadership starting too many projects without finishing the core ones, near-yearly restructurings, and repeated layoff rounds that sapped morale. Around the filing, reviewers pointed to deepening financial instability and budget cuts, echoing the disorganization and repeated layoffs many had described through the year.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.