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LION E-Mobility: Delivery of first battery packs with high performance SVolt technology expected in Q4 2024 - Seite 2

According to the cooperation agreement, the production of NMC (NMX) High Energy and LFP cells for LION´s Generation 2.0 battery packs will be ramped up in Europe in 2025 to secure a shorter supply chain and a more environmentally-friendly logistics. The SVolt battery cells will also provide for an improved performance of the LION cells in a market that is expected to grow by more than 33 % per annum until the end of the decade. This upward movement is driven by long-term factors like the US Inflation Reduction Act, the strong increase in EV infrastructure investments, the ongoing electrification trends in all vehicle types as well as sinking cell costs accompanied by improved battery performance.

 

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 Production GmbH, a manufacturer of battery packs, LION Smart GmbH, a developer of battery packs and battery management systems and LION Smart North America Inc. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG.

www.lionemobility.com

 

LION E-Mobility Investor Relations
Kirchhoff Consult
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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.