October 30, 2020

Lithion Announces Organic Expansion with Plans to Open a Lithium-Ion Cell Manufacturing Facility in Henderson, Nevada

Lithion is pleased to announce that it is advancing plans to open a lithium-ion cell manufacturing facility to be located in Henderson, Nevada. Funding for the expansion has been fully secured with the support and assistance of Lithion’s private equity partner, TriWest Capital Partners and existing management and non-management shareholders.

The manufacturing facility will initially produce cylindrical Lithium Iron Phosphate (“LFP”) cells in 18650 and 26650 form factors. Plant capacity is expected to be >10 million cells per annum with a modular manufacturing line construction facilitating future expansions. The manufacturing equipment has been ordered with initial cell qualifying production expected to commence in Q2 2021.

About Lithion
Lithion is a market leading, mission-critical cell and battery pack solution provider with highly differentiated technology built over years of field research and development. Lithion currently manufactures both primary lithium cells and customized battery packs (rechargeable and non-rechargeable)