LION Smart signs initial series supply contract for BMW batteries with Lion Electric Bus Co.

23.12.2019

LION E-Mobility AG is pleased to announce that the Canadian customer “The Lion Electric Co.” signed a potential multi-million-euro series supply contract of BMW batteries with LION Smart GmbH. Starting next year LION Smart will sell BMW i3 batteries to Lion Electric for the use in school buses and trucks.   

   

LION Smart GmbH, a 100% subsidiary of LION E-Mobility AG, specializes in battery system development, integration and battery lab testing since 2008.   

In addition to its own modular LIGHT Battery system, LION Smart is developing vehicle battery system solutions based on BMW i3 batteries and modules.

The first official integration project with “The Lion Electric Co.”, a commercial vehicle manufacturer (OEM) in Canada already started in June 2019; the framework agreement for series supply has now been signed. 

 

LION Smart will support additional customers from the commercial vehicle sector integrating BMW battery systems for supply in series productions. 

   

If you are interested, please get in contact with Mr. Tobias Mayer, tobias.mayer@lionsmart.com or 

Mr. Sebastian Carl, Sebastian.Carl@bmw.de  

 

About LION Smart GmbH

LION Smart GmbH is an innovative development service provider for original equipment manufacturers (OEMs) and suppliers of the automobile industry and other industry sectors like aviation and maritime. As a partner in system analysis, selection and design of electric energy storage systems like lithium batteries and integration into the specific vehicle concept LION Smarts engineers have a very high level of expertise. LION Smart carries out its own research program in the field of lithium-ion technology with partners like TWT, Airbus, Dassault Aviation, national and international universities as VDL Group. 

 

CEO: Christian Kutscher, christian.kutscher@lionsmart.com

 

About The Lion Electric Co.

The Lion Electric Co. is an innovative manufacturer of zero-emission vehicles. Lion creates, designs, and manufactures all-electric school buses, minibuses for paratransit, shuttle buses, and urban trucks. Lion is North American leader in electric OEM. 

Always actively seeking new technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. 

 

https://thelionelectric.com/en

 

Christian Kutscher

Investor Relation

Telefon: +41 41 500 54 11

E-Mail: ir@lionemobility.com

 

Disclaimer:
This presentation contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to, among other things, the Company's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to currency rates and creditworthiness of customers); Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; changes in laws and regulations; legal and regulatory proceedings; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise, except as required by law.


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