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Interim report January-June 2023

Completed rights issue and investments in new technologyIn July, the rights issue resolved upon by the Annual General Meeting on June 16, 2023, was completed. The issue was 71.3 percent guaranteed, but only a smaller percentage (about 1 percent) of the guarantors received allotment. Through the rights issue, the company raised MSEK 54.8 before issuance costs, which means that the planned repayment of bridging loans proceeds while we pursue a long-term plan for financing of future initiatives and operating capital. Net sales decreased during the quarter, to MSEK 18.8 (24.1). The lower net

White Paper release: Battery recycling essentials

Global volumes of battery scrap grew 56% last year. At the same time the demand of cells is quickly surpassing global mining production. Extracting the maximum value from recycled cells could help bridge this growing gap between supply and demand.It’s clear that there’s a growing shortage of cells, and as electrification picks up further speed, this shortage will be accentuated. “Alelion’s approach, built on 15 years of battery knowledge, focuses on optimizing recovery and purity of these materials, reducing reliance on virgin resources, and promoting sustainable battery production,”

The European Patent Office approves Alelion's patent for grid stabilization

Another patent in Alelion’s patent portfolio relating to energy management, which, among other things, includes technology for distributed grid stabilization, has been approved by the European Patent Office.The now approved European patent EP 30 00 162 relates to technology for managing the charge level of batteries for the purpose of grid balancing based on electricity prices and/or anticipated future electricity needs. This can include electric car batteries and batteries in home settings and industrial applications. The technology provides opportunities to optimize battery usage for grid

Interim report January-March 2023

Improved profitability and focus on developmentDuring the first quarter, we saw a stabilization of our battery deliveries at the same time as we are receiving distinct signals of growing demand for electrified vehicles from several of our customers.  Production has increased from the somewhat lower level of the end of 2022. Net sales reached MSEK 21.9 with operating income amounting to MSEK -6.6 (-13.0). The result was positively impacted by an increase of customers’ prices.  The order book for 2023 totals MSEK 230, which is the result of the battery systems ready for series

2022 Year-end report

Third consecutive year of strong growthWe entered the fourth quarter with a record order and on the back of favourable forecasts, at the same announcing that customers had been forced to postpone production due to the shortage of components in the market. The turbulence in the market notwithstanding, we increase our net sales by 47 percent for the full year. We move into 2023 with an order book of MSEK 230 and additional orders for the existing product portfolio of MSEK 120 for delivery in 2024-25. The volumes we expect at the end of this year provide opportunities to reach profitability

Alelion Energy Systems secures financing

Alelion Energy Systems secures financing by extending loans and credits totalling SEK 45 million that run until March 2024Alelion Energy Systems has extended a previously granted loan of a total of SEK 30 million until March 2024 and also extended the overdraft facility of an additional SEK 15 million previously granted. The extension has taken place with the help of owner guarantees from the company's main owners and is part of the work to secure the company's financing. Behind the financing are Swedbank and three main owners who issued ownership guarantees. In parallel, work is underway

Alelion and Exide Technologies start dialogue to explore potentials for long-term cooperation

Alelion Energy Systems and Exide Technologies have started a dialogue about a potential commercial cooperation focusing on production and sales of high- voltage lithium-ion battery systems and solutions.The aim of a potential long-term partnership is to jointly develop innovative systems and solutions - based on high-voltage lithium-ion technology - and to combine the respective core competencies of both companies.  Exide Technologies' strong position in the material handling and AGV (Automated Guided Vehicles) segments in EMEA and APAC will be the initial focus. Exide Technologies is

Understanding battery lifetime factors through accumulated data

Life expectancy is central when estimating the total cost of transition to lithium-ion batteries. This new white paper gives key insights from data collected from over 5 000 Alelion batteries in the market.A battery’s true life expectancy can only be confirmed using a combination of lab tests and verification through field data. Having more than 5 000 battery systems running in industrial environments since 2010, both our knowledge and calendar time are increasing rapidly.   Keep in mind that even small improvements in battery life span can have outsized effects on the cost of

Interim report January-September 2022

A quarter with record orders confirming positioning and a strong volume growthAlelion increased net sales by 44 percent in the first three quarters of the year compared with 2021. During the period net sales increased to MSEK 15.0 (11.8), which is an increase of 28 percent over the corresponding period in the previous year. The higher net sales stem from our customers that manufacture special vehicles, which see a marked increase in the demand for electrified vehicles from end customers. Noticing the accelerating trend of electrification, our customers have now placed orders for 2023.

Alelion is planning for a higher order intake than expected for 2023

Current forecasts from Alelion's European customers confirm the contribution to a tremendous growth. A previously communicated order value of SEK 53 million over four years is now approaching an annual turnover of SEK 60 million as early as 2023.In previous communication, on June 8, 2021, Alelion communicated the company's largest order to date of SEK 53 million with deliveries planned over four years. A customized battery system has been developed for the customer's vehicle, which is used primarily in ports in a global market. Today, order placement has transitioned from individual orders

Alelion receives largest order to date – worth approximately MSEK 130

Alelion has received a major order for high-voltage battery systems from an existing European customer. The order, which is in EUR, with a total value of MSEK 130, will be delivered during Q1 – Q4 in 2023.“With this order, Alelion reach a higher utilization of its production capacity and it allows the company to implement more far-sighted plans regarding improved sourcing and tied capital efficiency”, says Åsa Nordström, CEO at Alelion. “With this order, Alelion secures its position in 2023 as a major supplier of lithium-Ion battery systems,” says Anders Dison, Director Marketing & Sales

Increased net sales and growth but with short-term setbacks

Alelion continues its journey of growth – compared with 2021, net sales increase by 50 percent in the first half of the yearAs is the case for the major automotive manufacturers, many smaller manufacturers are also facing difficulties relating to the supply of various types of components. A manufacturing system which until now has put emphasis on keeping inventory levels at a minimum only aggravates the vulnerability. Our customers are signaling that their order books are full – but are nevertheless forced to postpone manufacturing. For our part, the impact of this is MSEK 13 of postponed

Alelion strengthens team with Head of Product to pivot towards strategic objectives

Alelion recruits Magnus Baeckström for the role as Head of Product, responsible for driving the development of Alelion’s product portfolio to meet future customer demands.Alelion develops and produces high-voltage battery solutions for the niche segment heavy-duty vehicles, which operate in ports, airports, construction sites, and other demanding operating environments. At present, only about two percent of the off-highway fleet is electrified annually, which suggests the potential of rapid and steep growth in demand for years to come. - I want to strengthen Alelion's role as the go-to

Alelion strengthens team by recruiting a CTO – a key role in order to develop and broaden the offer

Alelion recruits Henrik Svala as Chief Technical Officer (CTO), a key role in view of Alelion's strategy to enhance the level of innovation, reduce lead times and develop the business.Alelion develops and produces high-voltage battery solutions for heavy-duty vehicles, which operate in ports, airports, construction sites, and similarly demanding operating environments. Alelion's core product is lithium-ion batteries, with a proprietary BMS (Battery Management System) that manages safety aspects and controls parameters affecting the lifespan. In addition, this software stands to be one of

Interim report January-March 2022

Alelion delivers on record order intake of 2021, increasing net sales by 66 percentDuring the first quarter, net sales increased to MSEK 24.2 (14.6), a growth of 66 percent. Order intake reached MSEK 8.5 (22.7), which is mostly attributable to the strong conclusion of 2021 where customers placed orders for a long time ahead. We are seeing customers adopting a different pattern of placing orders, now preferring larger contracts with blanket orders rather than smaller-volume orders in incremental steps. Overall, Alelion received orders for MSEK 184 during 2021. This is on par with the peak

Alelion builds center of excellence for advanced battery technology in Gothenburg

Alelion invests in a state-of-the-art center of excellence for battery-cell testing and at the same time recruits cutting-edge expertise for the Gothenburg facility.A rapid transition is currently underway among manufacturers of heavy-duty special vehicles, which operate in ports, airports, construction sites, and similar environments. Sustainable battery-powered electrification is replacing the diesel engine, and manufacturers are in need of an experienced partner in lithium-ion technology to accelerate their transition. This segment of the automotive industry demands high-voltage

CORRECTION: Alelion secures new order worth MSEK 8.2

Clarification of a press release that was released this morning. The order was received from an existing customer, which could have been misunderstood and interpreted as an order from a new customer.   Alelion secures new order from an existing customer worth MSEK 8.2 Alelion Energy Systems AB (publ) has received a repeat order for high-voltage batteries from a german special vehicles manufacturer. The batteries will be used for the electrification of various airport vehicles and logistic solutions. Delivery will start in the second half of 2022 and continue for 12 months thereafter.

Alelion secures new order worth MSEK 8.2

Alelion Energy Systems AB (publ) has received an additional order for high-voltage batteries from a german special vehicles manufacturer. The batteries will be used for the electrification of various airport vehicles and logistic solutions. Delivery will start in the second half of 2022 and continue for 12 months thereafter. Alelion continues to secure production capacity for 2022–2023.The order amounts to approximately MSEK 8.2, and due to the significant order intake, delivery will not commence until the second half of 2022, extending into 2023. The order may be construed as a sign that

2021 Year-end report

A strong finish sums up a successful year With an order intake on par with Alelion's previous record year, we are showing that the long-term effort to transform the business is paying off. We enter the new year with a total order backlog amounting to MSEK 138. During the fourth quarter, order intake increased to MSEK 57, which allows us to sum up 2021 as one of Alelion's best years ever with an order intake totaling MSEK 184.The fouth quarter 2021 in brief · Net sales increased to MSEK 9.3 (8.5) · Order intake increased to MSEK 57.0 (1.8) · Operating costs for personnel, other

Alelion develops additional battery system for electrification of Hiab’s cranes

Alelion Energy Systems has received an initial order for development work, including a number of lithium-ion batteries, in the cranes and construction machinery segment.The order value is approximately MSEK 2 and the order is estimated for delivery in the second half of 2022. The order was placed by Hiab, global manufacturer and market leader in the field. Hiab is part of the Cargotec group. Batteries based on lithium-ion technology are becoming increasingly common in construction equipment and work vehicles, a development which is further confirmed by the extended cooperation with Hiab.

Alelion secures additional production for 2022

Alelion Energy Systems AB (publ) has received a new order for high-voltage batteries from an existing customer in special vehicles. The order value is SEK 5 million and delivery will take place in 2022. This entails that Alelion continues to secure production capacity for 2022.The order may be construed as a sign of Alelion's shift in strategy, with more emphasis on long-term customer relationships. The urge to electrify and shift to sustainable energy consumption remains. Alelion's ready-made battery concept for logistics and airport vehicles has been waiting for the aviation industry

Alelion receives major order for high-voltage battery systems worth MSEK 38 from global special vehicle manufacturer Terberg Group

The order from Terberg Group is the largest since series production commenced about 12 months ago. This order secures the production planning in step with Terberg's delivery schedule.The new order is worth approximately SEK 38 million and will be delivered in the second half of 2022. The order also includes a service agreement.   Terberg's previous order is already being produced in Alelion’s battery factory in Gothenburg. Series production of these high-voltage batteries commenced in the fourth quarter of 2020 when the new electrified terminal tractor was launched on the market.

Alelion supplies batteries for a fuel-cell solution, a new customer in the strategically important construction equipment segment

Alelion Energy Systems has received an initial order of approximately MSEK 6 in the construction equipment segment. The order will be delivered in 2022, starting in January.The order was placed by a new customer in the strategic construction machinery segment: Terberg Techniek, a company in the Terberg group, which now introduces a new Electric Power Take Off (E-PTO and E-PTO-H2) for the construction industry. This is an industry in urgent need of solutions to reduce the emissions of greenhouse gases and other pollutants. E-PTO replaces the truck's traditional power take off with an

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