- As of 1 September 2022, Munich-Based Solar Mobility OEM Sono Motors Reported More Than 20,000 Direct Consumer Reservations, With an Average Down Payment of about €2,000
- 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
MUNICH, Germany, Sept. 01, 2022 (GLOBE NEWSWIRE) — The Munich-based photo voltaic mobility OEM Sono Motors (subsidiary to “Sono Group N.V.”, NASDAQ: SEV) has introduced the achievement of reaching 20,000 non-public reservations of its Sion, with a mean down-payment of about €2,000 web. At an anticipated web gross sales worth level of simply €25,126 – the Sion has the potential to develop into the world’s first Solar Electric Vehicle (SEV) for the plenty.
The begin of manufacturing is deliberate for the second half of 2023 through contract manufacturing in Finland. Sono Motors’ accomplice Valmet Automotive has in depth experience in manufacturing for high-tech OEMs. After a ramp-up interval the companions purpose to supply roughly 257,000 Sion autos inside seven years.
ABOUT SONO MOTORS
Sono Motors is on a pioneering mission to speed up the revolution of mobility by making each automobile photo voltaic. Sono Motors’ disruptive photo voltaic expertise has been engineered to be seamlessly built-in into quite a lot of automobile architectures — together with buses, vehicles, trailers, and extra — to increase vary and cut back gas prices in addition to the influence of CO2 emissions, paving the way in which for climate-friendly mobility.
The Company’s trailblazing automobile, the Sion, would be the world’s first reasonably priced photo voltaic electrical automobile (SEV) for the plenty. Empowered by a powerful world neighborhood, Sono Motors has over 20,000 reservations with advance down-payments for the Sion as of 1 September 2022.
PRESS CONTACT
Christian Scheckenbach | Mobile: +49(0)17618050132
E-Mail: [email protected] | Website: www.sonomotors.com/press
FORWARD-LOOKING STATEMENTS
This press launch consists of forward-looking statements. The phrases “expect”, “anticipate”, “intends”, “plan”, “estimate”, “aim”, “forecast”, “project”, “target”, “will” and comparable expressions (or their unfavorable) establish sure of those forward-looking statements. These forward-looking statements are statements concerning the Company’s intentions, beliefs, or present expectations. Forward-looking statements contain inherent identified and unknown dangers, uncertainties, and contingencies as a result of they relate to occasions and rely on circumstances that will or might not happen sooner or later and will trigger the precise outcomes, efficiency, or achievements of the Company to be materially completely different from these expressed or implied by such ahead wanting statements. These dangers, uncertainties and assumptions embody, however are usually not restricted to (i) the influence of the worldwide COVID-19 pandemic on the worldwide economy, our business and markets in addition to our business, (ii) dangers associated to our restricted working historical past, the rollout of our business and the timing of anticipated business milestones together with our means to finish the engineering of our autos and begin of manufacturing on time and funds and dangers associated to future outcomes of operation, (iii) dangers associated to our unproven means to develop and produce autos and with anticipated or marketed specs together with vary, and dangers referring to required funding, (iv) dangers associated to our means to monetize our photo voltaic expertise, (v) dangers referring to the uncertainty of the projected monetary data with respect to our business together with the conversion of reservations into binding orders, (vi) results of competitors and the tempo and depth of electrical automobile adoption usually and our autos particularly on our future business and (vii) adjustments in regulatory necessities, governmental incentives and gas and power costs. For extra data regarding a few of the dangers, uncertainties and assumptions that would have an effect on our forward-looking statements, please discuss with the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), that are accessible on the SEC’s web site at www.sec.gov and on our web site at ir.sonomotors.com. Many of those dangers and uncertainties relate to elements which are past the Company’s means to regulate or estimate exactly, such because the actions of regulators and different elements. Readers ought to due to this fact not place undue reliance on these statements, notably not in reference to any contract or funding resolution. Except as required by regulation, the corporate assumes no obligation to replace any such forward-looking statements.
