Lion Electric Investor Event Presentation Deck

Battery Plant and Innovation Center in Mirabel, QC 36 CAPEX Battery Plant and Innovation Center expected total capex of C$185mm Total project costs include: ● ● Building construction (Lion to be owner of buildings) o R&D (battery modules and packs) o Equipment purchase and installation Capex spend expected to accelerate starting Q4 2021 FUNDING ● ● CON LION Approximately $80mm (C$100mm) in funding support from the O Canadian Federal Government and from the Quebec Government o Term between 15 and 20 years o Low interest rate o 30% of loans balance is forgivable, subject to Lion meeting certain conditions Remainder (~$70mm) to be funded via cash on hand LION ELECTRIC

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