LION E-Mobility AG has announced that its 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. 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 succession plan matters because it comes at a critical juncture for the battery pack manufacturer, which has just completed a restructuring and brought its first proprietary battery to series maturity.
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. Those figures underscore how significant the leadership transition is for a company that has moved from turnaround to growth mode.
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, which supported 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, said: "On behalf of the Board of Directors, I would like to thank Joachim for his high commitment over the past three years. He led LION through its restructuring and brought NMC+, our first own series battery, into production. We are pleased that he will complete the automation of the line and remain available to LION as an adviser." Dr. Joachim Damasky said: "NMC+ is in production, and the line will be fully automated by the end of January. Together with the BESS business, the team has a strong foundation for the next steps. I would like to thank my colleagues, who have pursued this path with great commitment, and our investors, whose trust made this development possible in the first place. I look forward to continuing to support LION as an adviser."
LION E-Mobility AG is a manufacturer of lithium-ion battery packs, offering customised plug-and-play solutions for electric vehicles as well as for stationary and industrial applications, and operates highly automated module assembly lines at its own production facility in Germany. Founded in 2011, the company is listed on the stock exchanges in Munich, Frankfurt and Hamburg. Investors can find further details on www.lionemobility.com, and the original release is available via www.newmediawire.com. The announcement signals that LION intends to keep its operational momentum while handing day-to-day management of its German subsidiaries to a new leader.
