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EQS-Ad-hoc: LION E-Mobility AG / Key word(s): Disposal
LION E-Mobility AG: Sale of stake in TÜV Süd Battery Testing GmbH
06-Nov-2024 / 17:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
LION E-Mobility AG: Sale of stake in TÜV Süd Battery Testing GmbH
Zug (Switzerland), November 6, 2024. LION Smart GmbH, a 100% subsidiary of LION E-Mobility AG, a leading battery pack manufacturer specializing in e-mobility and energy storage solutions, sold its 30% stake in TÜV Süd Battery Testing GmbH to the joint venture partner TÜV SÜD AG. The sale will have a positive effect on the company’s cash position and earnings. The proceeds from the sale will primarily be used to repay outstanding liabilities.
Responsible for the release: Board of Directors LION E-Mobility AG
Alessio Basteri, Chairman of the Board
End of Inside Information
Information and Explanation of the Issuer to this announcement:
Additional information:
Dr. Joachim Damasky, CEO of LION E-Mobility AG said: “The sale marks the end of a very fruitful collaboration. We wish TÜV Süd AG continued all the best with this very successful company and remain in close contact with them. We are now looking forward to focusing on the immersion battery technology and further developing our production facility in Hildburghausen.”
About LION E-Mobility AG:
LION E-Mobility AG is a manufacturer of lithium-ion battery packs. The company offers customized plug-and-play solutions for electric vehicles as well as for stationary and industrial applications. With a current annual production capacity of 2 GWh, LION is ideally positioned to address the growing demand for high-performance energy storage solutions.
The company operates highly automated module assembly lines at its own production facility in Germany. LION's battery packs offer the highest standards in terms of safety, quality, and reliability.
Founded in 2011, LION E-Mobility AG (ISIN: CH0560888270, WKN: A2QH 97) is listed on the stock exchanges in Munich, Frankfurt, and Hamburg.
www.lionemobility.com
LION E-Mobility Investor Relations
Kirchhoff Consult
lion@kirchhoff.de
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.
06-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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