DGAP-News: LION E-Mobility AG / Key word(s): Annual Report/Miscellaneous 
LION E-Mobility AG: Information of LION E-Mobility AG 
2021-05-14 / 07:40 
The issuer is solely responsible for the content of this announcement. 
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PRESS RELEASE 
Information of LION E-Mobility AG 
Baar (CH), Garching near Munich - LION Smart GmbH considers itself principal and entrepreneur in the Integrated - 
Business segment. In this segment, we fully electrify vehicles provided by the customer. In addition to the extensive 
development services, this includes the all-around support of the respective customer and the vehicle electrification 
using BMW i3 batteries. LION Smart is convinced, the development services and the sale of BMW i3 batteries should be 
seen as one unit and therefore not accounted for separately. 
The legal structuring of the contracts for the fiscal year 2020 ensured for LION Smart not to carry additional risks 
concerning the battery transfer to the customer. The risks are carried by the individual customer, who is independently 
responsible for the collection and logistics of the batteries. 
KPMG believes LION Smart GmbH does not have sufficient control over the batteries before property rights and economic 
ownership transfer to the customer. To this extent, KPMG treats LION Smart GmbH as an agent when supplying the 
batteries. In consequence, only the margin (selling price - purchase price) from this transaction may be recognized as 
revenue. Overall, in KPMG's opinion, the sales revenue of EUR 17.3 million should be reduced by EUR 11.8 million, and 
thus only sales revenue of EUR 5.5 million should be reported. At the same time, the cost of materials should be 
reduced by EUR 11.8 million and reported as EUR 2.2 million. 
The qualified audit opinion for the annual financial statements of LION Smart GmbH relates solely to the presentation 
of sales revenue and the cost of materials. The current state of knowledge indicates that a similar qualification of 
the audit opinion at the level of the voluntary audit of the consolidated financial statements of LION E-Mobility AG is 
to be expected. All other line items in the balance sheet and income statement for the 2020 financial year remain 
unaffected. 
The LION Smart GmbH has decided to accept the qualified audit opinion but considers itself economically unrestricted as 
a principal and entrepreneur. Concerning the fiscal year 2021, the company aims for an unqualified audit opinion. To 
meet the formal requirements (control concept), and to ensure the position of a principal, also under accounting 
requirements we are already working with KPMG and our lawyers, on a catalog of measures to adopt marginal changes in 
the underlying contracts with our customers. 
 
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. 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. 
www.lionemobility.com 
Responsible for the press release: BoD LION E- Mobility AG 
Contact LION Smart GmbH 
Thomas Hetmann 
Managing Director | Board Member 
 
LION E-Mobility Investor Relations LION E-Mobility Investor Relations 
Sebastian Duering                  Matthias Glemser 
Phone: +49 221 94991871            Phone: +49 89 360363247 
Mobile: +49 151 58204309           Email: ir@lionemobility.com 
Email: ir@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. -----------------------------------------------------------------------------------------------------------------------

2021-05-14 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de ----------------------------------------------------------------------------------------------------------------------- 


Language:     English 
Company:      LION E-Mobility AG 
              Lindenstraße 16 
              6340 Baar 
              Switzerland 
Phone:        +41 (0)41 500 54 11 
Fax:          +41 (0)41 500 54 12 
E-mail:       info@lionemobility.de 
Internet:     www.lionemobility.com 
ISIN:         CH0560888270 
WKN:          A2QH97 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Tradegate 
              Exchange 
EQS News ID:  1196483 
 
End of News   DGAP News Service 
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1196483 2021-05-14


 
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May 14, 2021 01:41 ET (05:41 GMT)