LION E-Mobility AG / Key word(s): Incoming Orders
LION Smart receives development order for Battery integration
Zug, 04 February 2021 - LION Smart GmbH, a wholly owned subsidiary of LION E-Mobility AG and developer of electrical energy storage and lithium-ion battery system technology, has received a development order for battery integration. The client is a US-based leading global component manufacturer for the commercial vehicle industry; the name of the customer was not disclosed.
The contract covers engineering and integration services in the areas of mechanical and electrical customization, software and the integration of battery packs into the customer's applications. The proven, safe and reliable 400V application based on BMW-i3 batteries will be used. The battery packs and associated components of the 400V application will be designed to be configurable in terms of energy capacity for different application scenarios and vehicle types.
The order has a volume in the mid six-figure euro range and is scheduled for completion in Q2/2021. After successful completion of the development order, both parties will discuss further cooperation, which include the supply of battery.
Information and Explanation of the Issuer to this News:
'When using customized battery systems in the heavy-duty sector, reliability and robustness are what count most,' says Thomas Hetmann, CEO of LION Smart. 'We now have extensive experience in similar development projects and are very pleased with this order. These development orders with the option for a later series business are proof of the scalability of our business unit.
About LION E-Mobility AG
LION E-Mobility AG is a Swiss listed holding company founded in 2011 with promising strategic investments in the e-mobility sector, in particular in the field 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 GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a joint venture with TÜV SÜD AG.
About LION Smart GmbH
LION Smart GmbH is an innovative development service provider for original equipment manufacturers (OEMs) and suppliers to the automotive industry and other branches of industry. The company operates test benches and test laboratories for electrical storage devices together with TÜV SÜD AG in the form of a joint venture (TÜV SÜD Battery Testing GmbH). As a high-quality engineering service provider, LION Smart GmbH also offers consulting services in lithium-ion storage technology and maintains its own research and development programme in this field. The company supports its customers in the integration into the respective vehicle concept and works closely with research institutes and universities.
Responsible for the content of the press release: Board of Directors of LION E-Mobility AG.
04-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
LION E-Mobility AG
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