LION Smart Production GmbH confirms signing of contract for own production site in southern Thuringia

Baar (CH), June 15, 2022 – LION Smart GmbH, a wholly owned subsidiary of LION E-Mobility AG for the production of electrical energy storage and lithium-ion battery system technology, confirms the signing of the contract for a plant as its own production site in southern Thuringia.

The plant in Hildburghausen has a total area of almost 4500m2, divided into production, storage and administration. Furthermore, the location has an expansion reserve for possible future production expansions. In the next step, LION Smart Production GmbH will relocate its headquarter from Garching to Hildburghausen.

A multi-year rental agreement was concluded, which now gives LION the necessary planning security for its production. After the contract has been signed, the necessary reconstruction of the building can now be started.

As explained during the last investor call, LION Smart Production GmbH has also carried out extensive recruitment activities besides the reconstruction planning on the site.

In addition to the responsible plant manager, additional 8 employees have been hired, completing now the operations team for taking over the production line and on-site training. The new employees will start their work at LION Smart Production in the third quarter, depending on their individual notice period.

LION Smart Production GmbH will provide information on further progress at the production site in due course.

About LION E-Mobility AG:

LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology. The company holds 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG also holds 100% of the shares in LION E-Mobility North America Inc. and LION Smart Production GmbH.

www.lionemobility.com

Responsible for the press release: Board of Directors LION E-Mobility AG

LION Smart Production GmbH

Winfried Buss

Managing Director

LION E-Mobility Investor Relations

Frank Schönrock (Weber Shandwick)

Phone: +49 (0) 1737025315

E-Mail: ir@lionemobility.com | www.lionemobility.com

Arne Siegner

Phone: +41 (0) 41 500 54 11

E-Mail: 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.