Sion

Applications for self-administration proceedings with respect to Sono Group N.V. and Sono Motors GmbH under the German Insolvency Act

Retrieved on: 
Monday, May 15, 2023
Sono Motors, Perception, Sion, Gesellschaft mit beschränkter Haftung, Security (finance)

On the same day, Sono Motors GmbH, Sono Group N.V.’s sole wholly-owned subsidiary, applied to the same court to permit the opening of self-administration proceeding in the form of a protective shield proceeding (Schutzschirmverfahren) with respect to Sono Motors GmbH pursuant Section 270 (d) of the German Insolvency Code.

Key Points: 
  • On the same day, Sono Motors GmbH, Sono Group N.V.’s sole wholly-owned subsidiary, applied to the same court to permit the opening of self-administration proceeding in the form of a protective shield proceeding (Schutzschirmverfahren) with respect to Sono Motors GmbH pursuant Section 270 (d) of the German Insolvency Code.
  • Sono Group N.V. conducts its business through its subsidiary Sono Motors GmbH, and the terms “we” and “our” used herein refer to Sono Group N.V. together with its subsidiary Sono Motors GmbH.
  • Following the filing of their respective applications, Sono Group N.V. and Sono Motors GmbH are generally prohibited from repaying any pre-application debt.
  • In addition, subject to certain limited exceptions, Sono Group N.V. will lose control of its sole subsidiary Sono Motors GmbH.

Following Pivot to a Pure Solar Tech Company, Members of Sono Group N.V.’s Supervisory Board Resign

Retrieved on: 
Friday, April 21, 2023
B2B, Sono Motors, Sono, Community, Sion, Entrepreneurship, Property management

This has led to a shift in the Company’s business model and operations away from its supervisory board members’ strong expertise in the areas of automotive, digitalization, and Community-focus.

Key Points: 
  • This has led to a shift in the Company’s business model and operations away from its supervisory board members’ strong expertise in the areas of automotive, digitalization, and Community-focus.
  • Against this background four members of the Company’s supervisory board, Chair Martina Buchhauser, Vice-Chair Robert Jeffe, Arnd Schwierholz, and Community Representative Sebastian Böttger, today, 21 April 2023, announced their resignation with immediate effect.
  • We are very grateful for the dedication they’ve shown to our mission in the past and wish them all the best for the future.”
    Johannes Tischler, who was nominated to the supervisory board by Laurin Hahn, will continue to serve on the Company’s supervisory board and the supervisory board can thus continue to perform its duties.
  • As a consequence of the resignation of all members of the Company’s supervisory board except Johannes Trischler described above, the Company will not have any supervisory board committees until new candidates for the Company’s supervisory board have been identified and appointed.

Sono Motors Demonstrates Solar Integration in Initial Sion Crash Test

Retrieved on: 
Tuesday, February 7, 2023
Safety, Running, Passenger, ADAS, EURO, CSI, Continental, Crash, Sono Motors Sion, Sion, Risk, SEV, Woman, Solar panel, Road

Solar Panels Behave as Predicted: No Splinter and Thus No Additional Risk to Passengers and Other Road Users, According to Initial Complete Vehicle Crash Test

Key Points: 
  • Solar Panels Behave as Predicted: No Splinter and Thus No Additional Risk to Passengers and Other Road Users, According to Initial Complete Vehicle Crash Test
    MUNICH, Germany, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The affordable solar electric vehicle (SEV) Sion from Munich-based solar mobility solutions provider Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) successfully performed its first complete vehicle crash test .
  • The result of the 50 km/h frontal crash test met the Company’s expectations regarding the Sion’s crash safety and the robustness of Sono Motors’ proprietary polymer-based vehicle-integrated solar technology, which covers the vehicle's entire body.
  • In the initial, physical complete vehicle test simulating a heavy frontal crash, the integrated Sono Solar Technology did not splinter and thus did not cause danger to passengers and other road users.
  • Until homologation, Sono Motors will conduct around 300 physical component, sled and complete vehicle tests in total to confirm the results of years of crash simulations.

Sono Motors Extends the Community Campaign Until 28 February 2023

Retrieved on: 
Thursday, January 26, 2023
European Climate, Infrastructure and Environment Executive Agency, Royal commission, City, Environment, European Commission, Sono Motors Sion, Sion, Person, Climate, Knowledge, Renewable energy

The ongoing campaign underscores the uniqueness of Sono Motors as a true community brand.

Key Points: 
  • The ongoing campaign underscores the uniqueness of Sono Motors as a true community brand.
  • Before the start of the campaign, Sono Motors had already received in total approximately 21,000 private reservations with advance payments.
  • During the campaign, Sono Motors received over 1,500 new private reservations with deposit commitments.
  • The campaign began on 8 December 2022 and will now be extended by approximately one month to 28 February 2023.

Sono Motors Progresses Towards Pre-series With Solar EV

Retrieved on: 
Wednesday, January 18, 2023
Well, Weather, EV, Person, WLTP, Injection moulding, Injection molding of liquid silicone rubber, Applus+ IDIADA, Valmet Automotive, International Test of English Proficiency, Acquisition, Sion, Sono Motors Sion, Renewable energy

Sono Motors’ affordable solar electric vehicle, Sion, recently completed handling and comfort suspension tuning and road load data acquisition, and is now undergoing durability testing in Spain.

Key Points: 
  • Sono Motors’ affordable solar electric vehicle, Sion, recently completed handling and comfort suspension tuning and road load data acquisition, and is now undergoing durability testing in Spain.
  • Beyond the durability testing, Sono Motors recently confirmed the Sion’s solar charging capability during a real-life test in December, the month with the least amount of daylight in Europe.
  • Sono Motors successfully tested the vehicle-to-vehicle (V2V) charging technology using 3 phase at 13 amps with limited amperage during various test cycles.
  • Solar range calculations are based on WLTP range and the solar yield from the European market average, open field, and a typical meteorological year weather data.

Automoblog Explores the Promise of Sono Motors and its Challenges

Retrieved on: 
Tuesday, January 10, 2023
EVS, EV, Sono Motors Sion, Sion, Renewable energy

RALEIGH, N.C., Jan. 10, 2023 /PRNewswire/ -- German startup automaker Sono Motors has made headlines with Sion, its solar-powered electric vehicle (EV).

Key Points: 
  • RALEIGH, N.C., Jan. 10, 2023 /PRNewswire/ -- German startup automaker Sono Motors has made headlines with Sion, its solar-powered electric vehicle (EV).
  • In a recently-released feature , Automoblog examines the promising technologies that have caught the attention of people across multiple continents, and the challenges that Sono Motors faces in getting to market.
  • Sono Motors has set the presale price point at €29,900 (around $31,925), which would make Sion one of the cheaper EVs on the market.
  • Automoblog also spoke with Sono Motors CEO Laurin Hahn for this article about the company's recent publicity tour in the U.S. and its plans to expand to the American market.

Third Quarter 2022: Increase in Reservations and Multiple International Partnerships Signed

Retrieved on: 
Thursday, December 8, 2022
SEV, YA, ADAS, Livestreaming, Security (finance), Sale, Webcast, Plata Basin Financial Development Fund, IPO, Transport, CO2, Growth, Sono Motors Sion, Solar bus, COVID-19, Form, Stock dilution, Original equipment manufacturer, Continental, SOP, Gesellschaft mit beschränkter Haftung, Primary energy, Mercedes-Benz Citaro, CEST, Engineering, Maintenance, Bosch, Sion, Prospectus, MAN Lion's City, City, Volkswagen, Autobahn, OEM, Sono, LLT, Partnership, Taxicab, Potash, Renewable energy, Video game, Road

In the third quarter of 2022, the Company’s proprietary solar technology continued to benefit from significant interest, which led to a further increase in customer arrangements.

Key Points: 
  • In the third quarter of 2022, the Company’s proprietary solar technology continued to benefit from significant interest, which led to a further increase in customer arrangements.
  • Compared to the third quarter of 2021, the Company signed an additional four letters of intent and 12 purchase orders.
  • Net loss totaled €43.5 million and €0.50 loss per share in the third quarter of 2022 (third quarter of 2021: €18.0 million and €0.29).
  • Subsequent to the third quarter of 2022, Sono Motors announced its partnerships with tier one automotive suppliers Bosch and Continental.

Sono Motors Expands Cooperation With Continental for Development of Solar Electric Vehicle Sion

Retrieved on: 
Monday, November 21, 2022
Software, German Solar Mobility Association, GSR, COVID-19, ADAS, Component, AC, Engineering, Sono Motors Sion, Sion, Partnership, Transport, Integration, Information management, CES, Crash, Marvell Software Solutions Israel, LFP, Mining, SEV, Aviation, First Time, CO2, Motor controller, Kilowatt-hour, Continental, Safety, Road, Renewable energy, Rail transport

MUNICH, Germany, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Solar Mobility OEM Sono Motors (NASDAQ: SEV) expands its cooperation with the technology company Continental by equipping the Sion series-validation vehicles, the Companys solar electric vehicle (SEV), with further proven technologies from the automotive supplier.

Key Points: 
  • MUNICH, Germany, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Solar Mobility OEM Sono Motors (NASDAQ: SEV) expands its cooperation with the technology company Continental by equipping the Sion series-validation vehicles, the Companys solar electric vehicle (SEV), with further proven technologies from the automotive supplier.
  • The cooperation enables Sono Motors to increase efficiency in its development of the Sion, which has the potential to become the worlds first affordable SEV, by using existing modern technologies.
  • Sono Motors (NASDAQ:SEV) is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar.
  • The Companys trailblazing vehicle, the Sion, has the potential to become the worlds first affordable solar electric vehicle (SEV) for the masses.

Sono Motors and Bosch Automotive Aftermarket Confirm Long-term Europe-wide Partnership

Retrieved on: 
Thursday, November 10, 2022
GLOBE, Forward-looking statement, DIY, AA, City, Course, OEM, German Solar Mobility Association, Abridgement, Partnership, CO2, Sono, NASDAQ, SEV, Cyprus Securities and Exchange Commission, U.S. Securities and Exchange Commission, Sion, Time, Automotive aftermarket, Company, Maintenance, Engineering, CEO, Information services, Electric vehicle, Industry, Sono Motors Sion, COVID-19, Taxicab, Machine shop, Rail transport

During the Launch Phase in Germany, 50 Bosch Car Services Will Be Trained and Qualified as Authorized Service Centers for the Sion, Sono Motors Solar Electric Vehicle.

Key Points: 
  • During the Launch Phase in Germany, 50 Bosch Car Services Will Be Trained and Qualified as Authorized Service Centers for the Sion, Sono Motors Solar Electric Vehicle.
  • The staff at Bosch partner workshops will receive comprehensive prior training from Sono Motors after which they will be authorized to perform repairs on high-voltage, photovoltaic, and safety systems with the assistance of, if necessary, Sono Motors Technical Field Service.
  • All of this makes Bosch a perfect partner for Sono Motors in order to offer our customers comprehensive, Europe-wide services, says Laurin Hahn, CEO and co-founder of Sono Motors.
  • The innovative technology and skills provided by Sono Motors to the Bosch Car Service network ensures that customers will receive reliable services for their vehicles.

Sion Power Announces Appointment of Carlos Restrepo as Chief Technology Officer

Retrieved on: 
Tuesday, October 11, 2022
Automotive Manufacturing, EV, Electric Vehicles, Automotive, Technology, Manufacturing, Trucking, Batteries, Other Energy, Transport, Alternative Vehicles, Fuels, Energy, Cell, Watt-hour per kilogram, History, Technology, R, Restrepo, Sion, Industry, Zinc, Innovation, CTO, Solution, Electric battery, Engineering

Sion Power Corporation (Sion Power) announces the appointment of Carlos Restrepo as chief technology officer (CTO).

Key Points: 
  • Sion Power Corporation (Sion Power) announces the appointment of Carlos Restrepo as chief technology officer (CTO).
  • As Sion Power takes the next step towards commercialization, Carloss experience in incorporating cell technologies into commercial energy storage systems will be invaluable, stated Tracy Kelley, Sion Powers CEO.
  • We are extremely fortunate that Carlos has joined the Sion Power family at such a pivotal time.
  • I am honored by the appointment and highly motivated to help Sion take solids steps forward to get us there, said Restrepo.