LION E-Mobility AG: LION Smart - follow-up order and expansion of customer base in North America

PRESS RELEASE

LION Smart - follow-up order and expansion of customer base in North America

Baar (CH), Garching, near Munich (DE), June 23, 2021 - LION Smart GmbH, a wholly owned subsidiary of the LION E-Mobility AG, receives follow-up order for the integration of a customized battery system solution from Vicinity Motor Corp. The total order volume for the electrification additional vehicles comprises approximately 80 battery packs, is in the upper six-digit range. Based in Aldergrove, British Columbia, Canada, Vicinity Motor Corp. is a is a leading supplier of electric, CNG, gas and clean-diesel vehicles for both public and commercial enterprise use in the U.S and Canada.

The contract between Vicinity Motor Corp. and LION involves the supply, and integration of additional 400V BMW battery packs into further demonstrator shuttle/transit bus models, built by Vicinity Motor Corp. As part of this contract, LION Smart will deliver a plug-and-play solution for integrating battery packs. Following the outstanding progress made during the development and testing phase, LION Smart and Vicinity Motor plan to further expand their successful collaboration in 2021. "We are expressly pleased about the achievement of this next milestone and will continue working hard to expand and consolidate our customer base by further strengthening our sales force in North America" says Thomas Hetmann, CEO of the LION E-Mobility GmbH.

In addition to the in-house developed modular LIGHT battery system, LION Smart develops and implements integration services for vehicle battery system solutions based on BMW i3 batteries and modules. As a specialist in the development and integration of battery systems as well as battery laboratory tests, LION Smart has been working closely with BMW for many years.

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.
www.lionemobility.com

About Vicinity Motors Corp:

VMC is a leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S and Canada. The Company's flagship line of Vicinity(TM) buses, which maintain a dominant market share in Canada, are produced by the Company's world-class manufacturing partners or at the Company's Buy America Act compliant assembly facility in Washington state. Grand West's innovative Vicinity Lightning(TM) EV bus, enabled through a tier-1 strategic supply agreement with BMW batteries and components, seeks to lead the global transition to more sustainable transit vehicles in the private and public markets.
www.vicinitymotorcorp.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.