LION Smart Production GmbH ready to start making packs at its own facility in Hildburghausen

Baar (CH), 01 March, 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, is ready to start the series production of battery packs in its own facility in Hildburghausen.

Pictures (1-6): Lid assembly in battery pack, electric connection in battery pack, automated positioning of modules in the battery housing, automated handover from module production to final assembly, overview pack assembly line, automated welding for module frames

As previously announced the company is on schedule to begin its series production. All machines and equipment are up and running after intense months of testing. The company will now increase production during March.

The first batteries will start being shipped to customers in April. Until then customers will continue to be supplied out of inventory. LION Smart Production GmbH will inform immediately about further development in Hildburghausen.

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 and 100% of LION Smart Production GmbH, a battery pack manufacturer. LION Smart 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. and LION Smart North America Inc..

www.lionemobility.com

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

LION Smart Production GmbH

Winfried Buss

Managing Director

LION E-Mobility Investor Relations

Frank Schönrock (Weber Shandwick)

Phone: +49 (0) 1737025315

E-Mail: frank.schoenrock@lionemobility.com |  ir@lionemobility.com | www.lionemobility.com

Arne Siegner

Phone: +41 (0) 41 500 54 11

E-mail:  ir@lionemobility.com | www.lionemobility.com

Disclaimer:

Statements 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.