Delivery to The Lion Electric Co. starts as planned

03.03.2020

LION E-Mobility AG announces that LION Smart GmbH has started delivery of the BMW battery packs to Lion Electric as planned. The first two batches have already been delivered and paid for, three more will be handed over in March. The total turnover of these deliveries by the end of March thus already amounts up to one million euros, deliveries in the coming months will be at a similar level, with a total order for the full year of around 8.5 million euros. In a first step, these battery packs will be used to equip electrically powered school buses, and then in a second step trucks, other buses and service vehicles.

About The Lion Electric Co.

The Lion Electric Co. is an innovative manufacturer of zero-emission vehicles. Lion creates, designs, and manufactures all-electric school buses, minibuses for paratransit, shuttle buses, and urban trucks. Lion is a North American leader in electric OEM.

Always actively seeking new technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs.

https://thelionelectric.com/en

Investor Relations Contact:

Sebastian Duering

Weber Shandwick

Phone +49 221 94991871

Mobile +49 151 58204309

Email: ir@lionemobility.de

https://www.lionemobility.com

LION E-Mobility AG

Lindenstrasse 16

6340 Baar

Switzerland