Lion E-mobility: NMC+ charges ahead: Orderbook for FY26e nearly filled - NuWays AG Research
Yesterday, LION provided an update on the developments in its mobility segment - specifically the transition to NMC+ battery packs.
ANNONS
2026 order book nearly filled to planned production capacity. To recap, first prototypes were tested and qualified by existing customers in Q4 25. On this basis significant orders were already in place. With further orders received during recent weeks, the company's FY26 production capacity is already nearly booked out. Importantly, order momentum should remain positive.
FY27 order book also filling up, carried by defence.
We hence confirm our BUY rating with an unchanged € 3.20 PT based on DCF.
