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The Biden Administration signed a $160 million contract with a Canadian firm to build 435 electric school buses, which is over $360,000 per bus. But the company, Lion Electric, delivered fewer than half of the buses before declaring bankruptcy. What's more, many of the buses that were sent to school districts had structural problems that made them hazardous. China has an export ban on graphite used to make batteries for electric vehicles, and Western firms are struggling to build batteries, and the vehicles, which they have never tried to build before. But the problems at Lion run far deeper than the supply chains for the battery. Poor design, manufacturing defects that resulted in power steering and brake failures, and even "defective windshields" plagued buses that were sent to school districts in Maine. China has over a decade of experience mass producing electric buses of all types. Large electric buses from Chinese factories typically cost under $100,000 each, and come with long warranties. Closing scene, Hong Kong-Zhuhai-Macau Bridge Resources and links: Top Biden EV Bus Maker Nears Bankruptcy, Leaving School Districts and Tens of Millions of Taxpayer Dollars in Limbo https://freebeacon.com/energy/bidens-... Lion Electric to get nearly $50 million in EV incentives — much more than expected https://www.chicagobusiness.com/manuf... Our View: Failure of Lion electric school buses is – at the very least – twofold https://www.pressherald.com/2024/12/0... Waste of the Day: $95 Million Worth of EV Buses Were Never Delivered https://www.realclearwire.com/article... LION ELECTRIC ANNOUNCES FURTHER WORKFORCE REDUCTION IN THE CONTEXT OF ONGOING CCAA PROCEEDINGS https://www.sec.gov/Archives/edgar/da... The Lion Electric Company (LEVGQ) https://finance.yahoo.com/quote/LEVGQ/ Reuters, China, world's top graphite producer, tightens exports of key battery material https://www.reuters.com/world/china/c... China’s New Graphite Restrictions https://www.csis.org/analysis/chinas-...