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| Automotive

50,000 batteries per year – investor LION Smart gets off to a flying start in Thuringia

Thuringia continues to entrench its position as a leading battery location in Germany: At the end of June, LION Smart Production GmbH opened its factory for the series production of battery packs in Hildburghausen. It will be manufacturing 50,000 packs per year in an almost fully automated assembly process. The batteries will be used for electromobility and stationary applications. The company, which relocated its production operations from Bavaria to Thuringia, invested around 14 million euros in the new site. It will employ around 15 employees at the start and plans to scale up to 60 employees.

“The relocation of battery specialist Lion Smart represents another important contribution to the expansion of Thuringia’s production and research capacity in battery technology,” said Wolfgang Tiefensee, Thuringia’s Minister for Economics. Major industry players already have operations in Thuringia – Chinese global market leader Contemporary Amperex Technology Ltd (CATL), Kedali Germany GmbH (KDL) and the Marquardt Group, a mechatronics specialist. Fraunhofer IKTS is researching digitally supported battery production for sodium batteries and lithium-ion batteries at the Battery Innovation and Technology Center (BITC).

The new investor in Hildburghausen belongs to LION E-Mobility AG, a Swiss holding company. In his opening speech, Alessio Basteri, Chairman of the holding company’s Board of Directors, explicitly thanked the state of Thuringia. “We are grateful for Thuringia’s tremendous support and access to financial backing. We are thrilled to be here and will continue to invest in Hildburghausen in the future.” In addition to the Ministry for Economics and the Thuringian Development Bank, Alessio Basteri also specifically named LEG as a supporter. “We supported LION Smart throughout the entire relocation process with our full-service approach,” Dr. Arnulf Wulff, Senior Vice President and Department Head at LEG reported. “The investment project fills a gap in the value chain for battery projects in Thuringia.” (hw)

The Thuringian battery cluster continues to grow with LION Smart Production GmbH.

The Thuringian battery cluster continues to grow with LION Smart Production GmbH. Photo: LION Smart