DGAP-News: LION E-Mobility AG / Key word(s): Research Update/Sustainability LION E-Mobility AG: LION Smart GmbH informs about project progress with Tier-1 Supplier 2021-06-16 / 08:02 The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- PRESS RELEASE LION Smart GmbH informs about project progress with Tier-1 Supplier Baar (CH), Garching, June 16, 2021 - LION Smart GmbH, a wholly-owned subsidiary of the LION E-Mobility AG, informs: As part of a joint development project with one of the world's leading Tier-1 supplier, LION has completed all agreed development tasks. The final test series on the LIGHT Battery and its subsystems, including climatic tests, has fully met the expectation of all parties involved. As part of the LIGHT Battery development project with the Tier-1 supplier, various module constellations have been delivered in the first quarter of 2021, in total 80 modules. All modules delivered were manufactured and tested, as part of a small series production, in Garching. The supplied modules and batteries were integrated into test vehicles and meet the expectations of both companies so that the development contract and the project could be completed and successfully handed over. The capacity of the supplied battery modules is approximately 85 kWh and powers two integrated electric motors, each with an output of 200 kW. During the successful project implementation, the Tier 1 supplier ordered additional systems and development support in the area of Battery Management Systems (BMS). Both companies are in constructive talks about further cooperation, LION will inform about the results in due course. 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
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2021-06-16 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: 1208411 End of News DGAP News Service =------------
1208411 2021-06-16
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June 16, 2021 02:03 ET (06:03 GMT)