LION E-Mobility AG: new partnership with SVOLT

EQS-Media / 23.08.2023 / 11:11 CET/CEST

New partnership with SVOLT enables LION Group to manufacture the advanced 2nd generation battery packs

Zug (Switzerland)/Hildburghausen (Germany), 23.08.2023 - LION Smart Production GmbH, a wholly owned subsidiary of LION E-Mobility AG for the production of electrical energy storage systems and lithium-ion battery system technology announces the formation of a partnership with SVOLT, one of the global leading producers for battery cells

The scope of the agreement is to allow LION Smart to supply both NCM (NMX) High Energy as well as LFP Battery Packs to its clients. Within the cooperation it is expected that LION will start shipping new packs with the SVOLT cells in the second half of 2024.

“With the new cells based on the latest cell chemistry we can now diversify our portfolio to better address our market segments of mobility as well as storage. Our mobility-customers will get approximately 20% more energy in the same package enabling them to sell higher range vehicles to their end customers. Our customers from the stationary market will get a battery pack with higher charging cycles at a strong competitive pricing”, stated Winfried Buss, CEO and Managing Director of the LION Smart group companies.

The collaboration is starting immediately with a custom development of an SVOLT cell based on LION Smart packaging and the integration into the LION Smart battery pack. In the second half of 2024 it is expected that LION will start shipping the new packs with the new SVOLT cells to the first customers. To achieve this short time to market, the SVOLT cell supply will initially start through an import from a SVOLT plant in China, however in 2025 production in Europe is possible to shorten the supply chain and to reduce CO2 emissions within the logistic chain.

“Within our strategy to develop our company into a relevant battery pack manufacturer, we have completed the first step with the takeover of the SE09 Battery and the successful launch of a LION Smart owned production. In the next step this cooperation with one of the top global cell suppliers will enable us to upgrade the LION Smart SE09 Battery pack with cutting edge technology on battery cells. This will be the future basis to generate new customers and subsequently contribute to the growth of the company in the next years”, stated Alessio Basteri, Chairman of the Board from LION E-Mobility AG.

About LION E-Mobility AG:

LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology. The company holds 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG also holds 100% of the shares in LION E-Mobility North America Inc., LION Smart North America Inc. and 100% of the German LION Smart Production GmbH.

www.lionemobility.com

Responsible for the press release: Board of Directors LION E-Mobility AG

LION Smart Production GmbH

Winfried Buss
CEO

LION E-Mobility Investor Relations

Frank Schönrock
Phone: +49 (0) 173.70 25 315
E-mail: frank.schoenrock@lionemobility.com | ir@lionemobility.com | www.lionemobility.com

Disclaimer:

Statements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or tatements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or performance are not considered historical facts and may therefore be forward-looking statements. Forward-looking statements are based on the expectations, estimates and plans at the time the statements were made, and therefore involve a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated become. LION E-Mobility AG is under no obligation to update the forward-looking statements in this press release.

End of Media Release

23.08.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

LION E-Mobility AG

Chamerstrasse 172

6300 Zug

Switzerland

Phone:

+41 (0)41 500 54 11

Fax:

+41 (0)41 500 54 12

E-mail:

info@lionemobility.com

Internet:

www.lionemobility.com

ISIN:

CH0560888270

WKN:

A2QH97

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Tradegate Exchange

EQS News ID:

1709853

End of News

EQS Media

1709853 23.08.2023 CET/CEST