Lion Electric Investor Event Presentation Deck

Rationale Behind the Battery Plant $ VERTICAL INTEGRATION OF THE MOST SIGNIFICANT COST COMPONENT ON OUR EVS Significant improvement in Battery Cost 32 REDUCED SUPPLIER DEPENDENCY Management of potential cell shortage, better pricing " INCREASED DESIGN FLEXIBILITY Perfect EV weight and Balance Increased onboard kWh CON LION STRONG POSITIONING FOR FUTURE INNOVATION First-mover advantage with disruptive technologies LION ELECTRIC

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