LION E-Mobility AG Outlines Future Strategies and Sales Goals

LION E-Mobility AG recently held a virtual Capital Markets Day, presenting its product roadmap and mid-term sales targets, highlighting the company's transition and future strategies. The event underscored the innovative battery technologies and market opportunities that could steer LION through an ambitious growth phase.

According to Dr. Joachim Damasky, CEO of LION, the company plans to lead with advanced battery technology like immersion cooling, aiming at a substantial growth. LION has evolved from a consulting and testing firm into a leading battery pack integrator and manufacturer, producing around 45,000 packs annually.

LION's product offerings encompass a broad spectrum, from design to after-sales services, operating out of a fully automated production facility. The company sees significant uptake primarily in Europe’s electric city bus markets and North America’s electric truck sectors. LION also revealed an immersion cooled battery technology expected to elevate performance standards in high-energy batteries.

The technology roadmap includes launching new battery designs by Q4 of 2024, targeting various markets and expanding product families featuring NMC and LFP technologies. This strategic product diversification aims to enhance energy density and cycle life in their applications. With this, LION anticipates generating sales between €60 and €65 million in 2024 and hopes to boost its sales to €200 million by 2028, as outlined by their sales strategy.