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    Etienne Larochelle

    Research Analyst at Desjardins

    Etienne Larochelle is an Associate at Desjardins, specializing in equity research with a focus on the mining sector, particularly lithium companies. He has provided analysis and coverage for firms such as Lithium Ionic Corp, issuing research reports and investment ratings that contribute to Desjardins' advisory operations. Larochelle holds the Chartered Financial Analyst (CFA) designation, reflecting solid professional credentials, though published performance metrics, success rates, and external analyst rankings are not currently available. He began his tenure at Desjardins prior to October 2024, and his professional background is focused on research and analysis roles within the financial services industry.

    Etienne Larochelle's questions to LEV leadership

    Etienne Larochelle's questions to LEV leadership • Q2 2024

    Question

    Larochelle questioned the negative truck bookings in the quarter and the future demand outlook. He also asked for an update on the progress and timeline for subleasing a portion of the Joliet facility.

    Answer

    The company explained that truck order cancellations were primarily timing-related. They are aligning manufacturing with slower near-term demand while focusing on large fleets for the long term. Regarding the Joliet facility, they are in discussions to sublease the truck portion and aim to finalize a deal by year-end to save approximately $5 million annually.

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