Lion Electric Investor Presentation Deck

Lion Electric at a Glance KEY FACTS First-mover in all-electric medium and heavy-duty urban vehicles Developing medium and heavy-duty all-electric vehicles and systems for 12+ years: fully focused on electric technology only 600+ vehicles on the road and over 10 million miles driven on our platforms ■ ■ ■ M VEHICLES ATTRIBUTES Purpose-built for electric, with our own chassis, bus body and truck cabin, proprietary battery system technology ■ ■ ■ " MANUFACTURING FOOTPRINT Factories in Montreal and Mirabel with existing combined capacity of 2,500 vehicles- per-year at scale ■ Multiple tier-1 clients in trucks (Amazon, Pride Group, IKEA, CN, etc.) and in buses (STA, First Student, National Express, Transdev, LA USD, ZUM, etc.) ■ 7 purpose-built electric truck and school bus models available for purchase today 5 new models expected to be launched by the end of 2022 Demonstrated favorable TCO vs. diesel ▪ Production at highly automated 5GWh battery factory in Mirabel on track to begin in H2 2022 Rapidly growing workforce of ~1,100 employees EXPERIENCE AND SERVICE CENTERS ■ Beginning of production in second half of 2022 at Joliet Illinois plant, which has a 20,000 vehicles-per-annum capacity at scale 3 12 experience centers across the U.S. and Canada ▪ Full turnkey solution for fleet electrification, including vehicle selection, charging infrastructure, grants support, financing, training, maintenance and telematics RENDERING OF BATTERY PLANT & INNOVATION CENTER IN MIRABEL, QC 16.14 DEMERS MANUFACTURING FACILITY IN JOLIET, IL ONS MAN eFX AMBULANCE IN PARTNERSHIP WITH DEMERS AMBULANCES LION - MANUFACTURING FACILITY IN MONTREAL, QC LION6 & LIONC ESTABLISHED EV COMPANY WITH REAL VEHICLES ON THE ROAD TODAY, A GROWING BOOK OF TIER-1 CLIENTS AND A FULL TURNKEY SOLUTION FOR ALL ASPECTS OF FLEET ELECTRIFICATION LION ELECTRIC

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