on LION E-Mobility AG (isin : CH0132594711)
LION E-Mobility AG Divests Stake in TÜV Süd Battery Testing GmbH
LION E-Mobility AG announced the sale of its 30% stake in TÜV Süd Battery Testing GmbH to TÜV Süd AG. This move aims to strengthen LION's financial position by enhancing cash reserves and addressing outstanding liabilities. LION Smart GmbH, the company’s subsidiary, facilitated this transaction.
Dr. Joachim Damasky, CEO of LION E-Mobility AG, expressed appreciation for the past collaboration and conveyed optimism about focusing on immersion battery technology and advancing production in Hildburghausen.
This sale signifies LION's strategic direction in ramping up its immersion battery segment while maintaining strong links with TÜV Süd AG. Founded in 2011, LION continues to cater to the expanding market for energy storage solutions.
R. E.
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