Statement regarding negotiations to acquire technology and production licenses
Garching near Munich, 04 October 2021 – LION Smart GmbH, a wholly-owned subsidiary of LION E-Mobility AG, confirms that negotiations to acquire technology and production licenses from BMW AG in the field of high-voltage battery systems, aiming to start its own series production of battery systems are still ongoing. The company is still in constructive talks with the manufacturer.
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.
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