Entered into a new credit agreement with a syndicate of lenders providing for a committed revolving credit facility in the maximum principal amount of $100 million, to be used for working capital, capital expenditure requirements and general corporate purposes.We have also retained Pomerleau, a flagship corporation in the Canadian construction industry, as project manager and general contractor for the construction of the battery plant and innovation center. Formal announcement of the YMX International Aerocity of Mirabel, Quebec as the site selected for the construction of the Company's battery plant and innovation center initiation of the preliminary work (geotechnical and environmental analysis, as well as permitting) and JR Automation, a Hitachi company, retained for battery manufacturing automation and equipment selection.Approximately 80% completion in the construction of the shell building of the 900,000 square-foot Joliet, Illinois manufacturing facility, with vehicle production expected to begin in the second half of 2022 Colliers International retained as construction project manager and Merkur retained as advisors to assist with global project planning as well as for the selection and commissioning of production equipment.4 new Experience Centers expected to be in operation during the second half of the year.Significant progress in recruitment, with total company headcount of approximately 900 employees as of the date hereof, along with key strategic hires.for 30 LionA school buses, and a repeat purchase order for 35 LionC buses from the Prince Edward Island provincial government. The order book also includes a new order from Amazon for 15 Lion8 Tractor trucks, a new order from Zūm Services Inc.Initial truck orders from notable new clients such as: Green Mountain Power, Day & Ross, Zūm, and Casella Waste Systems.LionEnergy order book 1 of 73 charging stations as of August 12 th, 2021, representing a combined total order value of approximately $1.0 million.
The net loss for Q2 2021 includes $167.7 million related to non-cash share-based compensation, non-cash increase in the fair value of share warrant obligations, and transaction costs. Net Loss of $178.5 million in Q2 2021 as compared to a net loss of $1.3 million in Q2 2020.Selling expenses of $13.3 million, up $12.5 million, as compared to $0.9 million in Q2 2020, primarily as a result of significant increase in non-cash share-based compensation of $10.0 million, the expansion of Lion's salesforce, as well as an increase in expenses associated with Lion's Experience Centers.Administrative expenses of $50.0 million, up $48.9 million as compared to $1.1 million in Q2 2020, primarily as a result of significant increase in non-cash share-based compensation of $44.5 million, an increase in expenses reflecting Lion's transition to being a public company, and the expansion of Lion's head office capabilities in anticipation of an expected increase in business.Gross profit of $0.9 million, down $0.1 million, as compared to $1.0 million in Q2 2020.Revenue of $16.7 million, up $10.6 million, as compared to $6.1 million in Q2 2020.Delivery of 61 vehicles, a significant increase, as compared to the 22 delivered in the same period last year.13, 2021 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its financial and operating results for the second quarter of fiscal year 2021, which ended on June 30, 2021.
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