Lion Electric to get nearly $50 million in EV incentives from State of Illinois — much more than expected – Crain’s*
Lion Electric is getting nearly $50 million in state incentives for its electric-bus factory outside Joliet, significantly more than originally expected. Lion began manufacturing buses in late 2022 and completed a 900,000-square-foot factory in Channahon last year. To receive the payroll tax credits, Lion will have to create 608 full-time jobs by the end of next year and 1,228 jobs by the end of 2028, according to recently filed state documents. The company declined to say how many workers it has in Channahon now.