Dedication to Solar Technology Firm: The Termination of Sion Project by Our Organization.
Sono Group N.V., a leading innovator in solar technology, has announced a strategic shift in its business focus. The company, previously engaged in the development of the Sion solar passenger car, is now prioritising solar technology solutions for commercial vehicles.
### Commercialising Solar Technology for B2B Customers
In Q1 2025, Sono Group recorded its first revenues from the initial commercialization of its solar technology, marking a successful financial turnaround and operational shift towards solar solutions for commercial vehicles[1][4]. The company is advancing its solar hardware, integration tools, and performance analytics, offering retrofit kits for electric trucks, vans, and refrigerated trailers, and solar integration for refrigeration transport. These solutions enable significant fuel savings and emissions reductions[2][3].
### Geographic Expansion and Industry Engagement
Sono is expanding into new markets in Europe and North America, responding to growing customer and partner demand[1]. The company showcased its solar-integrated transport solutions at the Transport Logistic 2025 trade show, attracting fleet operators, OEMs, and logistics providers. The positive market reception and numerous business leads underscore strong interest in their solar solutions for commercial transportation[2].
### Uplisting to a Major U.S. National Exchange
In a bid to strengthen its market presence and support further growth, Sono is preparing for uplisting to a major U.S. national exchange (Nasdaq Capital Market or NYSE American)[1].
### Termination of the Sion Passenger Car Program
This strategic refocus is driven by market opportunities and a faster path to commercialization, as evidenced by their recent revenue generation and product deployments in the B2B solar mobility space[1][4]. As a result, Sono Group has discontinued its development of the Sion solar passenger car, aligning with their broader strategic shift away from passenger vehicles towards focusing exclusively on solar technology integration for commercial vehicles and fleet operators.
### Focus on B2B Customers
Sono Group N.V. commits to focusing exclusively on solar business for B2B customers. As of now, the company has acquired 23 B2B customers across Europe, Asia, and the United States[1]. Given the capital-light nature of the B2B solar business, the company's funding needs are expected to decrease materially.
The company's solar technology is designed to be integrated into various vehicle architectures, including third-party OEM cars, buses, refrigerated vehicles, and recreational vehicles. The aim is to extend range, reduce fuel costs, and lessen CO2 emissions, promoting climate-friendly mobility.
It is important to note that Sono Group's forward-looking statements involve inherent risks, uncertainties, and contingencies. Interested parties are encouraged to review the company's filings with the U.S. Securities and Exchange Commission (SEC) on the SEC's website and the company's website for more information. Sono Group N.V. (OTCQB: SEVCF) is on a mission to make every vehicle solar.
References: [1] Sono Group N.V. Press Release, 1st April 2025 [2] Sono Group N.V. Investor Presentation, 1st April 2025 [3] Sono Group N.V. Case Study, 1st April 2025 [4] Sono Group N.V. Annual Report, 31st March 2025
- Recognizing the potential for significant growth and commercial success, Sono Group N.V. is expanding its solar technology solutions beyond passenger vehicles, with a focus on finance and energy-intensive industries like commercial transport, technology, and business.
- In an effort to appeal to a broader customer base and gain a stronger foothold in the B2B sector, Sono Group N.V. is optimizing its solar hardware, integration tools, and performance analytics for electric trucks, vans, and refrigerated trailers, as well as offering solutions for solar integration in refrigeration transport, all with the aim of fostering fuel savings, emissions reductions, and increased sustainability across these industries.
