December 29, 2022

2022 – the third year of strong growth for Alelion in the high-voltage battery market

All information herein is previously disclosed. The purpose of this press release is to provide an overview of the Company’s order book and the impact it is expected to have in 2023.

The order book for 2023 amounts to MSEK 230 overall, stemming from those battery systems that are entirely ready for series production and going out to customers in the market. The total order backlog amounts to approximately MSEK 350. The largest share involves an order of MSEK 130 from a European customer, as was disclosed on September 27, 2022.

Another major international customer of the Company has signalled that order intakes are on the rise according to communicated forecasts. The Company is here expected to reach an annual turnover of MSEK 60 in 2023, as announced in the press release of October 25, 2022.

During 2022, deliveries were completed on schedule except for the occasions when our customers had to postpone some of their deliveries due to the shortage of materials prevailing in the market. In turn, this implies that Alelion has not dispatched battery systems at the rate planned—but the orders remain in the order book, although postponed. The Company’s manufacturing customers have full order books and intense levels of production.

“The order situation for 2023 is indicative of a positive manufacturing trend and gives us the opportunity to reach production volumes sufficient to achieve a positive cash flow in individual months by the end of next year. Of course, this is something we strive for, and our long-term strategy includes both higher volumes and new product development to meet an expansive market,” says Åsa Nordström, CEO of Alelion.

For further information, please contact:

Åsa Nordström, CEO, Alelion Energy Systems AB
+46 702 90 18 58