Mirabaud Equity Research publishes report with a buy rating for LION

Zug (Switzerland), 23.10.2023 – LION E-Mobility AG, a listed Swiss holding company with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology, today announced a new analyst report from Mirabaud Equity Research. Mirabaud’s analysts recommend LION E-Mobility a buy with a target price of EUR 5.30. This reflects a 340% uptake on the share price from yesterday’s close at EUR 1.90 (Xetra).

Mirabaud has more than two hundred years of experience in the financial industry in the areas of wealth management, asset management and corporate finance.

Mirabaud's analysts believe that LION E-Mobility AG offers compelling operational earnings opportunities. Generally, batteries play a crucial role in the energy transition – enabling the electrification of vehicles as well as the storage of energy to support electricity grids and the use of renewables. As a focused battery company, the analysts of Mirabaud see LION E-Mobility AG as a strong growth vehicle in this overall sector.

In more detail the following advantages are associated with LION E-Mobility AG according to Mirabaud:

• Increasing total addressable market growth of the entire sector
• Future production of Lithium Iron phosphate (LFP) batteries
• The collaboration with Chinese cell supplier SVOLT
• Potential of the LIGHT Battery
• Positive success in financial refinancing policy

The acutal report from Mirabaud Equity Research can be downloaded here https://lionemobility.com/wp-content/uploads/2023/10/CN_231023.pdf

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 Production GmbH, a manufacturer of battery packs, LION Smart GmbH, a developer of battery packs and battery management systems and LION Smart North America Inc. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. 

www.lionemobility.com

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

LION E-Mobility AG

Alessio Basteri
Chairman

LION E-Mobility AG Investor Relations

Frank Schönrock
Phone: +49 (0) 173.70 25 315
E-mail: frank.schoenrock@lionemobility.com | ir@lionemobility.com | www.lionemobility.com

Disclaimer:

Statements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or tatements 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.