Sono: Will Unique Sunshine Powered EV Drive Sales?

Summary:

  • Sono has entered the fast-expanding global EV market with a niche vehicle powered directly by the sun.
  • The company has around 20,000 orders and will commence production through a third-party contract manufacturer.
  • Common shares have collapsed since their November 2021 listing on the back of the risk-off trade.

Sono Motors Presents Sion Solar-Powered Car For Test Driving

Carsten Koall/Getty Images News

Sono Motors (SEV) entered the bustling EV scene with its Sion solar car in November last year through an IPO that saw the Munich, Germany-based company take a position on the NASDAQ at a valuation of


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *