14.06.2017 – 18:31

LION E-Mobility AG

DGAP-News: LION E-Mobility AG: Starts to expand its activities to China, the Worlds' second largest EV Market

DGAP-News: LION E-Mobility AG / Key word(s): Strategic Company
Decision/Expansion
LION E-Mobility AG: Starts to expand its activities to China, the Worlds' second
largest EV Market

14.06.2017 / 18:29
The issuer is solely responsible for the content of this announcement.

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LION E-Mobility AG, founded in 2011, is a Swiss Holding Company publicly traded
in Germany, with strategic investments in the Electric Vehicle sector and other
high density lithium ion battery applications. The Company holds 100% of the
German LION Smart GmbH, a development and engineering company specialized in
custom designed battery packs and Battery-Management-Systems (BMS). LION Smart
GmbH further holds a 30% stake of TUEV SUED Battery Testing GmbH, a joint
venture with TUEV SUED AG.
LION E-Mobility has made substantial progress since its listing at the Munich
Exchange in Germany in 2014. We are delighted to update you on significant
milestones including;
 
-             Industry leading BMS technology development
-             BMS technology commercialisation with large-scale BMS order wins
for stationary storage
-             Further geographic expansion. Opened U.S. subsidiary in Q2 2017
with plans to enter the China market
 
Driven by our continued success and to prepare for the next stage in the
company's development, we are looking at options to raise funds for China as
well as Western markets to accelerate our growth opportunities which include:
 
-             China Platform
-             Accelerating our Battery-Management activities
-             Building battery testing capability
-             U.S. expansion
 
We have been approached from interested parties looking for opportunities to
strategically invest in our growth and in this context, have decided to appoint
VTC Capital as introducer to formalise the process. VTC Capital has also been
appointed as our strategic advisor for China expansion.
 
Time table for raise will be over the coming months and shareholders will be
updated as soon as practicable.
 
LION E-Mobility AG
Poststrase 14
6300 Zug
Switzerland
Daniel Quinger
 
VTC Capital
142 Buckingham Palace Road
London SW1V 9TR
Office: +442071600249
www.vtc.capital
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14.06.2017  Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English

Company:  LION E-Mobility AG

          Poststraße 14

          6300 Zug

          Switzerland

Phone:    +41 (0)41 500 54 11

Fax:      +41 (0)41 500 54 12

E-mail:    info@lionemobility.de

Internet: www.lionemobility.com

ISIN:     CH0132594711, CH0132594711

WKN:      A1JG3H  , A1JG3H

Listed:   Regulated Unofficial Market in Hamburg, Munich (m:access); Open Market
in Frankfurt



 

End of News DGAP News Service

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