LION Smart informs about LIGHT Battery Update
18.10.2022
Baar (CH)/Garching (GE), 18 October, 2022 – In December of last year LION Smart announced the award an OEM prototype for the first time. An important milestone for our LIGHT Battery. Throughout the year the LION Smart Team worked together with the OEM in designing a prototype of our immersion cooled battery system. The prototype was built and handed over end of Q3/22 to the OEM – as announced by management in our previous investors meetings.
We are pleased to announce that the cooperation with the OEM will continue for the next phase of prototyping for which LION Smart has now received an order. This next prototype shall now be used to demonstrate in-vehicle performance for high energy output.
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. and 100% of the German LION Smart Production GmbH.
Responsible for the press release: BoD LION E- Mobility AG
LION E-Mobility Investor Relations
Winfried Buss
Managing Director
LION E-Mobility Investor Relations
Frank Schönrock (Weber Shandwick)
Phone: +49 (0) 1737025315
E-Mail: ir@lionemobility.com | www.lionemobility.com
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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.
