LION Smart receives major contract to supply battery packs for 2022
Baar, 17 November 2021: 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 secured a major order for the supply of battery packs from one of its larger Canadian customers.
The sales volume of this order was agreed for 2022 and amounts to around €48.4 million.
By winning this major order, LION Smart continues to successfully drive its battery pack integration business forward, confirming its ambitious growth targets for the coming years.
Winfried Buss, Managing Director of LION Smart GmbH: “Winning this major order confirms that we have chosen the right strategy around our important business of supplying battery packs. We are proud to set a new milestone for 2022 with this major increase compared to the previous year in sales and look forward to further successful cooperation with our customer in the future.”
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, particularly in the field of electrical energy storage and lithium-ion battery system technology. The company owns 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 joint venture with TÜV SÜD AG. LION E-Mobility AG also holds 100% of the shares in LION E-Mobility North America Inc.
Responsible for the press release: Board of Directors LION E-Mobility AG
LION E-Mobility Investor Relations
Frank Schönrock (WeberShandwick)
Phone: +49 (0) 1737025315
Phone: +41 (0) 41 500 54 11
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.