Amazon has partnered with Canadian Electric Vehicle company Lion Electric. Lion Electric's SPAC, Northern Genesis Acquisition Corp., briefly rallied on the news, but at the time of publication, shares are trading slightly lower on the day.
- The SEC filings show that Amazon Logistics will purchase 2,500 Lion 6 and Lion 8 electric trucks from Lion Electric.
- Lion Electric will also provide maintenance and training to Amazon.
- The partnership will give Amazon the right to buy 15.8% of the company.
- Lion Electric is a Canadian EV maker.