Orders worth EUR 45M give LION Group a very successful start to the year
Baar (CH), 14 February, 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, announced in February that it had already received orders for battery packs totalling EUR 45M for the current financial year 2023 alone. Some of these orders will run for several years. Both mobility and industrial customers for stationary storage have ordered battery packs. Within this mix of orders are demand from companies such as Motiv Power Systems, Fenecon, and Vicinity Motors
Accordingly, LION was able to book more than half of the planned sales for the 2023 financial year of EUR 70-80M announced in the guidance of the company at the end of last year. LION is currently negotiating further potential orders for the year. The company will report as soon as signed.
LION announced at the same time the appointment of a new global sales manager.
“The order intake represents a great start to the financial year. This already proves that our strategy to enter the production of battery packs was the right decison”, said the Managing Director of LION Smart Production GmbH, Winfried Buss. “We are already in the final phase of preparations for the start of our own production in Hildburghausen in Southern Thuringia.”
LION’s Chairman, Alessio Basteri, visted the plant on the 7th of Feb this year and came away saying he was “very impressed with all the progress so far”.
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..
Responsible for the press release: Board of Directors LION E-Mobility AG
LION Smart Production GmbH
LION E-Mobility Investor Relations
Frank Schönrock (Weber Shandwick)
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.