Corporate | 14 June 2017 18:29
LION E-Mobility AG: Starts to expand its activities to China, the Worlds’ second largest EV Market
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DGAP-News: LION E-Mobility AG / Key word(s): Strategic Company Decision/Expansion
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
14.06.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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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 |