Sustainable Business News (SBIZ)
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Category: Transportation

Volkswagen to make $69M investment in lithium explorer Patriot

Tyler Choi Transportation Batteries Quebec Dec. 18 2024

Volkswagen Group will be investing $69 million into Vancouver-based Patriot Battery Metals Inc. (PMET-T) for a 9.9 per cent stake in the company and a lithium offtake deal to supply its Ontario electric vehicle battery factory.

Lion Electric defaults on debts, to seek creditor protection

Tyler Choi Transportation Lion Electric Greater Montreal Dec. 17 2024

The Lion Electric Company (LEV-T) announced this morning it expects to seek creditor protection after its credit and loan facilities expired, leading the electric vehicle manufacturer to discuss restructuring and a formal sales and investment process.

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