LION E-Mobility AG, a manufacturer of battery packs for electric mobility and energy storage, on Tuesday reported first-quarter 2026 revenue of EUR 3.3 million, down from EUR 6.5 million in the same period last year, as the company undergoes a strategic transition to new high-performance battery cells. Despite the decline, EBITDA remained positive at EUR 0.3 million, yielding a margin of 10.1%, while operating cash flow improved to EUR 3.0 million from EUR 1.0 million a year earlier, reflecting cost discipline and better supplier payment terms.
CEO Dr. Joachim Damasky attributed the quarterly results to the ongoing conversion of production lines to accommodate the new NMC+ battery cells, which are expected to be available for sale starting in the third quarter of 2026. “The conversion of our production lines to the new high-performance battery cells is progressing well. This is an important step toward future growth,” Damasky said. “The demand for the new battery packs is already high and with production set to resume at the end of June, we expect a significant uplift in revenues in the second half of the year.”
The company confirmed its fiscal 2026 outlook, anticipating revenue above EUR 35 million and a strongly positive EBITDA. However, second-quarter sales will be temporarily affected by a planned two-month factory shutdown for conversion works, with operations resuming at the end of June. LION expects Q2 sales to be higher than Q1, coming from remaining inventories already sold, but the bulk of 2026 revenues are forecast for the second half.
A key growth driver is the battery energy storage systems (BESS) segment, which is gaining momentum. LION successfully sold its first BESS project in the fourth quarter of 2025—a 5 MW / 20 MWh installation scheduled to go into operation in summer 2026. The company’s pipeline of BESS quotations now exceeds 7.5 GWh, spanning more than ten customers. A second project in Germany, for 5 MW / 10 MWh, is in final negotiations with delivery planned for 2026. To accelerate this momentum, LION has strengthened its sales team with three new hires dedicated to the BESS segment, and strategic partner LEAPENERGY is intensifying its activities in the German market. LION’s competitive positioning is bolstered by tailored payment terms and a robust guarantee framework comprising two independent performance guarantees and a bank guarantee.
The defense sector offers additional growth potential. LION is working on several defense-related inquiries, exemplified by a recent collaboration with Mandrill Engineering, where LION Smart’s high-performance battery technology powers an advanced unmanned ground vehicle (UGV), enabling reliable performance and extended mission capabilities in demanding environments.
LION E-Mobility AG, founded in 2011 and listed on stock exchanges in Munich, Frankfurt, and Hamburg, operates highly automated module assembly lines at its own production facility in Germany, with an annual production capacity of 2 GWh. The company’s focus on customized plug-and-play solutions for electric vehicles, stationary, and industrial applications positions it to address growing demand for high-performance energy storage solutions.
