Sono Group NV

Sono Group NV engages in the manufacture of solar electric vehicles. It focuses on the development of Sion and net-zero-emission vehicle solution for the mass market. It aims to license and sell its proprietary solar technology to a wide array of customers such as manufacturers of buses, trucks, camper vans, trains, and even boats. The company was founded by Laurin Hahn, Navina Persteiner and Jona Christians in 2012 and is headquartered in Munich, Germany.

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Sono Group NV engages in the provision of solar-powered mobility applications. It operates through the Finland and Germany geographical segments. The company was founded by Laurin Hahn, Navina Persteiner and Jona Christians in 2012 and is headquartered in Munich, Germany.

MUNICH, Germany, Sept. 06, 2022 (GLOBE NEWSWIRE) -- The solar mobility OEM Sono Motors (subsidiary to “Sono Group N.V.”, NASDAQ: SEV) announced the signing of a letter of intent (LoI) with ÖPNV-Service Hagen. The parties aim to conclude a contract concerning a partnership for Sono Motors' solar retrofit solution, the Solar Bus Kit. As part of the partnership, the companies are expected to cooperate on the Kit's installation, after-sales and logistics services to increase assembly capacity in Europe and provide fast and professional retrofits, as well as maintenance. ÖPNV-Service has over 15 years of experience as a service provider in the public transportation sector and performs 4,000 modernizations of commercial vehicles annually.

Sono Motors to Partner With ÖPNV-Service for Solar Retrofit Implementation

MUNICH, Germany, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The Munich-based solar mobility OEM Sono Motors (subsidiary to “Sono Group N.V.”, NASDAQ: SEV) has announced the achievement of reaching 20,000 private reservations of its Sion, with an average down-payment of about €2,000 net. At an expected net sales price point of just €25,126 – the Sion has the potential to become the world's first Solar Electric Vehicle (SEV) for the masses.

Sono Motors Reaches 20,000 Reservations for Its ‘Sion' Solar-Electric Passenger Car

MUNICH, Germany, July 25, 2022 (GLOBE NEWSWIRE) -- Sono Motors (subsidiary to “Sono Group N.V.”, NASDAQ: SEV), the company that is pioneering solar-powered mobility, today held its first “Celebrate the Sun” Community event with more than two thousand guests. During the event, the Munich-based OEM celebrated the debut of the world's first affordable solar electric vehicle (SEV), the Sion, in its production design, and the unveiling of its novel ‘Solar Bus Kit', a scalable B2B retrofit solution that reduces fuel consumption and inner-city greenhouse gas emissions, thereby contributing to climate protection.

Sono Motors Unveils Production Design of Its ‘Sion' Solar-Electric Passenger Car And ‘Solar Bus Kit' For Public Transportation Fleets

MUNICH, Germany, June 22, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (NASDAQ: SEV) (hereafter referred to as “Sono Motors” or the “Company”, parent company to “Sono Motors GmbH”), the company that aims to revolutionize the future of solar-powered transport, today announced its financial results for the first quarter of 2022.

First Quarter 2022: Sono Motors Further Accelerates B2B Customer Projects for Solar Integration

BERLIN and MUNICH, Germany, June 15, 2022 (GLOBE NEWSWIRE) -- Sono Motors, the company that aims to revolutionize the future of solar-powered transportation, is working with the Rhenus Group, one of the world's leading logistics service providers with annual sales of €7.0 billion, on the use of smart solar technology in last-mile logistics. The aim of the cooperation is to collect extensive solar data in real-world operation on the road to further optimize the potential of Sono Motors' innovative solar technology for use on vans. A first Rhenus Group test vehicle was equipped with irradiance sensors for this purpose and will be on the road for the next 12 months in Berlin, Brandenburg and Mecklenburg-Vorpommern.

Sono Motors Cooperates With Logistics Provider Rhenus to Optimize Solar Technology

Committed Equity Facility Positions Sono Group to Raise Some of the External Funding Needed Until Start of Production Committed Equity Facility Positions Sono Group to Raise Some of the External Funding Needed Until Start of Production

Sono Group Announces $150 Million Committed Equity Facility

MUNICH, Germany, June 01, 2022 (GLOBE NEWSWIRE) -- Sono Motors, the company that aims to revolutionize the future of solar-powered transport, is expanding its solar business by entering the growing refrigerated trailer market with its proprietary Sono Solar Technology, to further reduce global fossil fuel emissions. The company signed a purchase contract with The Reefer Group, an international leader in refrigerated bodies, extending the number of total partners of Sono Motors' Solar business unit to more than 17 globally. As part of this collaboration, the companies will build a first trailer vehicle with the Reefer Group's French subsidiary CHEREAU S.A.S. for extensive testing to further evaluate the technical and economic feasibility of integrating a customized solar solution for a high volume series vehicle. The solar integration will provide the trailer's cooling unit with an additional 9.8 kW peak, offering possible fuel savings of approximately 3,400 liters (up to 8,475 under peak conditions) and providing the potential to reduce the local CO2 emissions by approximately 9 tonnes per year per vehicle compared to trailers with diesel-powered cooling units.1

Sono Motors and CHEREAU Sign Contract to Enter the Market for Solar-Powered Refrigerated Trailers

Sono Motors is currently developing a disruptive solar technology that may make mobility much more sustainable. I assumed that SEV's injection molding technology will be accepted by automobile manufacturers and other competitors.

Sono's New Solar E-Mobility Wave Could Push The Price Up

MUNICH, Germany, May 03, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SEV; “Sono Motors” or the “Company”) announced today the closing of its previously announced underwritten follow-on offering of ordinary shares, resulting in approximately $40 million of gross proceeds.

Sono Motors Announces Closing of Follow-on Offering

The market sees the EV maker undermining the value of its stock.

Why Sono Group Stock Is Getting Fried Today

MUNICH, Germany, April 29, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SEV; “Sono Motors” or the “Company”) announced today the pricing of its follow-on offering of 10,000,000 ordinary shares at a price to the public of $4.00 per share. In addition, Sono Motors has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 ordinary shares at the public offering price less underwriting discounts. The offering is expected to close on May 3, 2022, subject to customary closing conditions.

Sono Motors Announces Pricing of Follow-on Offering

News of a dilutive secondary share issue threw the electric vehicle maker's stock into reverse.

Why Electric Vehicle Maker Sono Group's Stock Plummeted Today

MUNICH, Germany, April 26, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SEV; “Sono Motors” or the “Company”) announced today the launch of a proposed follow-on offering of 10,000,000 ordinary shares, all of which are being offered by the Company. In addition, Sono Motors expects to grant the underwriters an option, to purchase up to an additional 1,500,000 ordinary shares. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

Sono Motors Announces Follow-on Offering

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5 Stocks Halted In Tuesday's Session

Sono Group NV (NASDAQ: SEV) shares closed up more than 65% on Tuesday after the company announced its 2021 financial results and issued a corporate update highlighting project deliveries and partner arrangements. In the fourth quarter, Sono Group said it delivered its.

Why Did Sono Group Stock Surge 65% Today?

Shares of SEV stock are on the rise after the company reported financial results for 2021. Here's what you should know about the Sono Group.

Why Is Sono Group (SEV) Stock Up 70% Today?

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MUNICH, Germany, April 19, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (NASDAQ: SEV) (hereafter referred to as “Sono Motors” or the “Company”, parent company to “Sono Motors GmbH”), the company that aims to revolutionize the future of solar-powered transport, today announced its financial results for the financial year ended 31 December 2021.

Full Year 2021 Corporate Update: Sono Motors Solar Technology Delivered to Several Partners and Sion Production Capacity Secured

MUNICH, Germany and UUSIKAUPUNKI, Finland, April 05, 2022 (GLOBE NEWSWIRE) -- Sono Motors (subsidiary to “Sono Group N.V.”, NASDAQ: SEV) and Valmet Automotive today announced the signing of a binding term sheet, specifying all substantial parameters regarding the collaboration and the production of the Sion solar electric vehicle (SEV). The Finnish contract manufacturer will produce the Sion at its plant in Uusikaupunki. Valmet Automotive will provide the capacity to produce more than 257,000 vehicles over a seven-year period.

New Partnership – Sono Motors to Produce Sion Solar Electric Vehicle at Valmet Automotive

MUNICH, Germany, March 31, 2022 (GLOBE NEWSWIRE) -- Sono Motors, the company that aims to revolutionize the future of solar-powered transport, is launching its proprietary solar technology to public transport for the first time in partnership with the Münchner Verkehrsgesellschaft (Munich Transport Company, MVG). The novel solar bus trailer will hit the roads in the Munich metropolitan area in the near future, testing the energy yields as well as the potential of the technology in daily operation. Offering possible savings of up to 2,500 liters of diesel per year and an annual local CO2 saving potential of more than 6.5 metric tonnes per bus, Sono Solar Technology contributes to climate protection and the reduction of inner-city greenhouse gas emissions. 20 semi-flexible special photovoltaic (PV) modules provide over 2,000 watts of energy to power the vehicle's battery and electrical loads such as heating, ventilation, and air conditioning, as well as the trailer's steering system.

Sono Motors Technology Used for Munich's First Solar Bus — MVG to Put Solar Bus Trailer Into Operation

MUNICH, Germany, March 14, 2022 (GLOBE NEWSWIRE) -- Sono Motors, the company that aims to revolutionize the future of solar-powered transport, is currently building a fleet of series-validation vehicles, ushering in the Sion's testing program. These cars consist of series components and correspond to the planned final design, which was established at the beginning of the year (2022) alongside completion of the 2nd generation prototype program and the accompanying definition of components as well as vehicle parameters.

Sono Motors Enters Series-Validation Phase

MUNICH, Germany, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (NASDAQ: SEV) (hereafter referred to as “Sono Motors” or the “Company”, parent company to “Sono Motors GmbH”), the Company that seeks to revolutionize the future of solar-powered transportation, today announced its corporate updates.

Sono Motors Corporate Update

Sono Group's solar electric vehicle Sion has mass appeal. The company has chosen NEVS to manufacture the car, which has raised eyebrows.

Is The Sono Group Stock A Buy, Sell, Or Hold?

Some promising speculation has EV bulls celebrating Sono today. SEV stock jumped nearly 14% today on rumors of an incoming design release.

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