Quebec ready to support Lion Electric if the private sector joins in [Video]

Quebec remains open to loosening its purse strings once again to support Lion Electric, which is experiencing major financial difficulties, but only if the private sector is part of the equation.

Christine Fréchette, Minister for the Economy and Energy, said on Monday that the Quebec manufacturer of electric buses is currently holding discussions “with potential private partners.”

“I see that there is a willingness on the part of other private players to invest in the company. Will that be enough to get us in? We want to see players other than the public around the table,” she said in a press scrum on the sidelines of an event organised by the Chamber of Commerce of East Montreal.

Fréchette reiterated that the Quebec government “would be prepared to hand over money if the business plan is sound and if there are players other than the public sector.”

In particular, Quebec has …