LION E-Mobility CEO Dr. Joachim Damasky to Retire in January 2027

LION E-Mobility AG, a leading manufacturer of battery packs for electric mobility and energy storage solutions, has announced that CEO Dr. Joachim Damasky will retire at the end of January 2027 and step down from the Board of Directors. He will remain in office until then to ensure a smooth transition and will continue to be available to LION as an adviser thereafter. Going forward, the operational business will be managed by a new Managing Director of the German subsidiaries LION Smart GmbH and LION Smart Production GmbH, who will be announced shortly. The news was reported by NEWMEDIAWIRE.

Over the past three years, Dr. Damasky led the development and modernisation of LION's NMC+ battery platform. With NMC+, LION has brought its first own battery to series maturity – the first series development of LION Smart – and has demonstrated its capabilities as a battery OEM. Following the conversion of the plant, production of the NMC+ battery packs resumed at the end of June 2026, and LION is delivering NMC+ battery packs to its customers. By the time Dr. Damasky leaves, the NMC+ production line is to be fully automated. During his tenure, LION also completed its restructuring: in 2025, revenue rose by 68% to EUR 28.3 million and EBITDA reached EUR 7.5 million. The NMC+ battery packs are designed for demanding applications in e-mobility, industrial applications and safety-critical segments, including defence. The next priorities are to strengthen the supply chain and broaden the customer base.

In parallel, LION has expanded its battery energy storage (BESS) business. The first construction phase of the Finsterwalde BESS project has been completed, and the project pipeline continues to grow. LION's goal is to become the leading system integrator for battery systems in Germany and Europe. Under Dr. Damasky’s leadership, LION also continued to advance its immersion cooling technology. This work supported the company’s efforts to further improve the thermal management, safety, reliability and performance of battery systems for demanding applications. Ian Mukherjee, Chairman of the Board of Directors, thanked Joachim for his high commitment over the past three years, noting that he led LION through its restructuring and brought NMC+ into production. Dr. Damasky expressed his gratitude to colleagues and investors and said he looks forward to continuing to support LION as an adviser. For more information, visit www.lionemobility.com.