Investor Presentation December 2023

Lion Electric at a Glance BUON ELECTRIC Key facts First-mover in all-electric medium and heavy-duty urban vehicles Developing medium and heavy-duty all-electric vehicles and systems for 13+ years: fully focused on electric technology only • 1,600+ vehicles on the road and over 19M miles (30M km) driven on our platforms Multiple tier-1 clients in both trucks and buses Vehicles attributes Purpose-built for electric, with our own chassis, bus body, truck cabin, and proprietary battery system technology Favorable TCO vs. diesel Manufacturing footprint Factory in St-Jerome with 2,500 vehicles annual manufacturing capacity Joliet, Illinois plant with 2,500 vehicles annual manufacturing capacity and estimated annual capacity of 20,000 vehicles at full scale(1) Battery plant in Mirabel with 1.7 GWh annual manufacturing capacity and estimated annual capacity of 5 GWh at full scale (1) Workforce of ~1,500 employees Experience and service centers p.5 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 MANUFACTURING FACILITY IN JOLIET, IL BATTERY PLANT IN MIRABEL, QC LION6 & LIONC LION LION MANUFACTURING FACILITY IN ST-JEROME (MONTREAL), QC SCHOOL BUS LION6 LION6 Established EV company with 1,600+ vehicles on the road today, a book of tier-1 clients and a full turnkey solution for all aspects of fleet electrification. ⑦LION ELECTRIC

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