Garching, August 12, 2020 – LION Smart GmbH was able to generate revenues of 4,416 k EUR in Q2 2020 alone – a significant increase compared to the revenues of 2,032 k EUR in Q1. This was mainly due to the positive business with our North American customers, as well as additional development orders.

Lithium-ion battery development order for LION Smart

LION Smart GmbH, a 100% subsidiary of LION E-Mobility AG, has been commissioned by one of the world’s leading Tier 1 suppliers to further develop the LIGHT Battery and the system-relevant components for cooling, electrics and electronics (battery management system). The development contract has a volume of several million Euro.

Zug, July 9, 2020 – We like to announce that the management of LION E-Mobility AG and Christian Kutscher, Managing Director at LION Smart GmbH (Munich) and advisor to the board of LION E-Mobility AG (Zug), have agreed upon a discontinuation of their cooperation. Christian Kutschers contract had ended on June 30, 2020. Thomas Hetmann will remain as sole managing director of LION Smart GmbH.

At today’s Annual General Meeting in Zug (Switzerland), the shareholders of LION E-Mobility AG approved the annual financial statements of the company, consisting of the balance sheet, P&L and annex, which has received an unqualified audit opinion from the auditing company KPMG. The Board and management of the company were fully discharged.

Canadian customer increased its demand of battery packs to be delivered from 8.5 million euros to almost 10 million euros in 2020. Furthermore, LION E-Mobility through its subsidiary LION Smart GmbH,  is negotiating with the customer about a further increase in quantities for  2020 and beyond. The increased orders will strengthen the positive business trend in the current fiscal year.

HGB quarterly figures of LION Smart GmbH as of March 31, 2020 – positive quarterly result of EUR 189 thousand with sales revenue of EUR 2,033 thousand – positive EBIT of EUR 186 thousand

LION E-Mobility AG announces that the revenue of LION Smart GmbH with customers increased significantly in the 2019 financial year compared to the previous year. Revenue in the 2019 financial year was EUR 1.595 million. Compared to EUR 0.966 million in 2018, this is an increase of 65,11%.

LION E-Mobility AG (“LION”), a listed Swiss holding company with strategic investments in the field of electrical energy storage and lithium-ion battery system technology, has appointed another CEO of the operating subsidiary LION Smart GmbH (“LION Smart”).

LION E-Mobility AG announces that the revenues of LION Smart GmbH with customers have increased significantly compared to the previous year. They will be in a range of EUR 1.70 – 1.90 million compared to EUR 0.94 million from 2018.

Dear LION E-Mobility Investors,
We cordially invite you to participate in our next Investor Conference Call on Thursday, March 12th at 11:00 am CET to provide you with an update on the agreement signed between LION E-Mobility AG and Sogefi.