LION E-Mobility AG presents product roadmap and mid-term sales targets at
virtual Capital Markets Day

EQS-News: LION E-Mobility AG / Key word(s): Capital Markets Day
LION E-Mobility AG presents product roadmap and mid-term sales targets at
virtual Capital Markets Day

26.04.2024 / 08:59 CET/CEST
The issuer is solely responsible for the content of this announcement.

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LION E-Mobility AG presents product roadmap and mid-term sales targets at
virtual Capital Markets Day

Zug (Switzerland), 26 April 2024 - LION E-Mobility AG (LION; ISIN:
CH0560888270), a leading battery pack manufacturer specializing in
e-mobility and energy storage solutions, hosted its Capital Markets Day
yesterday, spotlighting the dynamic evolution of the company, LION's
innovative battery pack solutions and the market opportunities affirming the
company's ambitious growth trajectory.

Dr. Joachim Damasky, CEO of LION: "Our Capital Markets Day highlighted
LION's commitment to advancing battery technology through immersion cooling.
With its skilled team, LION is poised to revolutionize sustainable energy
solutions and realize significant growth in the mid to long term."

Evolution of LION
LION has evolved from a battery consulting and testing entity to a premier
battery pack integrator and manufacturer. With a cutting-edge production
facility meeting automotive standards and an annual capacity of around
45,000 packs, the company has established itself as a trusted supplier
regarding safety, quality, and reliability.

LION's value proposition
LION offers a comprehensive range of battery solutions, covering design,
engineering, production, and after-sales support. Operating a fully
automated production facility compliant with automotive standards, the
company ensures excellence in quality and efficiency.

Market and customers
LION's batteries packs are gaining momentum, especially in Europe's electric
city bus markets and North America's electric truck markets. With electric
city bus registrations expected to exceed 40% market share in 2023, LION is
strategically poised to capitalize on the growing demand for CO2-neutral
public transport and decreasing battery costs.

Immersion cooled battery: Unleashing full power potential
With its new immersion liquid cooling technology, LION enables peak power
output for high-performance battery applications. At the Capital Markets Day
the management highlighted immersion cooling as a game-changing technology,
unlocking the maximum power potential of high-energy NMC battery systems.
Its high C-rates enable potent discharge and charge applications using
compact, lightweight batteries. This innovative cooling solution offers
extended cycle times and enhanced safety by halting propagation through
immersion cooling of each cell. The technology is currently being used in
Tier 1 and OEM demonstrators.

Battery roadmap and key initiatives
Starting in Q4 2024, LION plans to introduce optimized battery designs for
specific markets, leverage existing production lines, and qualify multiple
cell manufacturers. The company intends to broaden its battery product
families with various energy capacities. The LION new product family
features NMC technology with significant energy density improvements for
e-mobility applications and storage applications utilizing LFP technology
with a cycle life exceeding 8,000 cycles.

Dr. Ulrich Eichhorn, Technical Advisory Committee of LION: "Immersion
cooling is not just a technology; it's a revolution in unleashing the full
power potential of batteries. LION's innovative approach doesn't just cool;
it empowers. As LION expands its battery portfolio and fine-tunes designs
tailored to specific markets, it stands at the forefront of revolutionizing
energy density and reliability benchmarks in both e-mobility and storage
sectors."

Sales ambition
Over the past three years, LION has transitioned from a pack-reseller to a
battery pack developer and producer with an expanded product range. As
already announced, the company expects sales in 2024 to reach EUR60 million to
EUR65 million, representing growth of around 11%. On the basis of the market
opportunities and the sales strategy LION has set ambitious sales targets
for the coming years. The company is aiming for sales to increase
significantly of up to EUR200 million by 2028.

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 | www.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.


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26.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        LION E-Mobility AG
                   Chamerstrasse 172
                   6300 Zug
                   Switzerland
   Phone:          +41 (0) 41 749 40 75
   E-mail:         info@lionemobility.com
   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:    1890105

End of News EQS News Service
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1890105 26.04.2024 CET/CEST