LION E-Mobility appoints Dr. Joachim Damasky as new CEO

Zug (Switzerland), January 18, 2024. The Board of Directors of LION E-Mobility AG has appointed Dr. Joachim Damasky as its Chief Executive Officer, effective 1^st February, 2024. Dr. Damasky, a renowned expert in the automotive industry, is set to lead LION through the upcoming phase of corporate development. He succeeds Mr. Winfried Buss who will step down from office as of 31 January 2024.

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 GmbH 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., LION Smart North America Inc. and 100% of the German LION Smart Production GmbH.

www.lionemobility.com

Responsible for the press release: Board of Directors LION E-Mobility AG

LION E-Mobility AG
Alessio Basteri
Chairman of the Board

LION E-Mobility Investor Relations
Kirchhoff Consult
lion@kirchhoff.de
ir@lionemobility.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.