Company: Lion E-mobility
Listings :German exchange Xetra and Frankfurt
Ticker:  $LMIA and $LMI
Market cap at time of publication: 28 million Euro
Stock price at time of publication: $3 Euro
Business: Supplier of electrical energy storage and lithium-ion battery system technology
Website: https://lionsmart.com/en/company-news/

ESGFIRE comment: We made an incorrect assessment recently where we sold our shares in Lion E-mobility at 2.5-2.75 Euros. We have today repurchased our shares at an average price of 3,82 Euros since the company revealed today that they have received a huge order from one of their Canadian clients worth close to 50 milion Euro for 2022. this is almost twice the market cap of the company before this news. Our incorrect assessment was that the company would be losing their canadian customers since Vicinity Motors had chosen a second supplier of batteries but as today’s order showed we were wrong in this assumption. Therefore Lion e-mobiity re-enters the ESGFIRE portfolio as of today 17/11 2021. Press release in full below.

Baar (CH), November 17, 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 secured a major order for the supply of battery packs from one of its larger
Canadian customers.

The sales volume of this order was agreed for 2022 and amounts to around €48.4 million.
By winning this major order, LION Smart continues to successfully drive its battery pack
integration business forward, confirming its ambitious growth targets for the coming years.

Winfried Buss, Managing Director of LION Smart GmbH, said: “Winning this major order
confirms that we have chosen the right strategy around our important business of supplying
battery packs. We are proud to set a new milestone for 2022 with this major increase
compared to the previous year in sales and look forward to further successful cooperation
with our customer in the future.”

 

 

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