The Globe and Mail reports in its Wednesday, Dec. 18, edition that Lion Electric is facing insolvency and seeking creditor protection. The Globe's Nicolas Van Praet writes that based in Saint-Jerome, Que., Lion has over 2,200 electric vehicles on the road but is now confronted with a court-supervised restructuring. The company's overly ambitious plans have come under scrutiny, marking it as the second Quebec EV company to face such challenges in six months, following Taiga Motors' July filing. HEC Montreal business school professor Louis Herbert says the capital Lion raised in 2021 led the company to make "significant investments that weren't necessarily critical." He says, "They were very audacious and they took very big risks," even while their product was not perfectly developed. Lion is working to secure more capital from investors and address over $400-million in debt. The company warned that failure to raise funds or negotiate with lenders could lead to non-compliance with its credit and loan agreements. Talks involving the Quebec government continued but failed to secure a deal before the Dec. 16 deadline for credit agreements with three lenders, including National Bank of Canada.