DGAP-News

LION E-Mobility AG: Management of LION E-Mobility AG acquires shares in own company

DGAP-News: LION E-Mobility AG / Key word(s): Acquisition LION E-Mobility AG: Management of LION E-Mobility AG acquires shares in own company 19.11.2020 / 08:00 The issuer is solely responsible for the content of this announcement. Baar (CH), November 19, 2020 - LION E-Mobility AG, a publicly listed Swiss holding company with strategic investments in the field of electrical energy storage and lithium-ion battery system technology, announces that multiple Board of directors of Lion E Mobility AG have acquired shares of the company. The necessary notifications to the regulatory authorities have been made.

"These investments are sending a clear signal that we share a belief in the success of LION", says Alessio Basteri, Chairman of the Board of Directors of LION E-Mobility AG, and continues: "LION Smart GmbH, the operating subsidiary of LION E-Mobility AG, has developed excellently under the leadership of Thomas Hetmann in this challenging year, against the background of the global pandemic and stagnating or declining economic activity. We have a good order pipeline, current industrial partners at our side and are making significant progress on our ongoing projects. To give all shareholders an overview of our progress so far and our plans for the coming year, we plan to provide more information to our investors in the coming weeks".

Thomas Hetmann, Managing Director of LION Smart GmbH and also Board Member of LION
E-Mobility AG, adds: "Despite Covid-19, this year we have worked on building the sales pipeline, expanding and adding to our workforce. Through our current projects we have further developed our technology and battery solutions and worked even more closely with our partners. As hopefully the threat from Covid-19 recedes with the promise of vaccine, we are ready and funded for the next phase of our journey in 2021 and beyond".

About LION E-Mobility
LION E-Mobility is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the area 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 also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG is also 100% owner of LION E-Mobility North America Inc.