EQS-News

LION E-Mobility: Delivery of first battery packs with high performance SVolt technology expected in Q4 2024

EQS-News: LION E-Mobility AG / Key word(s): Alliance/Product Launch LION E-Mobility: Delivery of first battery packs with high performance SVolt technology expected in Q4 2024 05.03.2024 / 09:06 CET/CEST The issuer is solely responsible for the content of this announcement. LION E-Mobility: Delivery of first battery packs with high performance SVolt technology expected in Q4 2024

• First SVOLT cell samples to be provided in May – first shippings to customers expected in Q4 2024
• Intensified cooperation with SVolt in knowledge-management and R&D
• Improved cell performance and shorter time-to-market for rapidly growing demand

Zug (Switzerland), 5 March 2024 – LION E-Mobility AG, a leading battery pack manufacturer specializing in e-mobility and energy storage solutions, has specified and timelined the already announced collaboration with SVolt after the inspection of the test samples in China. Thus, SVolt will develop two new cells directly for LION Smart, a fully-owned subsidiary of LION E-Mobility AG. The first samples are to be delivered to LION in May 2024. Shipping of the battery packs with the SVolt cell technology is expected to start in Q4 2024. The high performance battery packs will integrate both NCM (NMX) High Energy as well as LFP cells.

In addition, the two partners agreed on an intensified cooperation. In this respect, LION and SVolt will regularly exchange information on technological innovations and co-operate in the development of new battery packs. This will lead to shared knowledge and boosted sales for LION Smart with SVolt products in Europe and it also encompasses future technologies and developments.

Dr. Joachim Damasky, CEO of LION: “SVolt is one of the leading technology companies in Battery industry due to its quality and performance and as such fits perfectly to our high-quality approach. This extended partnership gives us the opportunity to deliver in time exactly what the rapidly growing market needs: Top performance and a very short time-to-market, also guaranteed by our flexible and highly automated battery pack production.”