Articles from Sono Group N.V.

Subsidiary Sono Solar and MTTE unveil a fully integrated solar-powered system for eTRUs on semi-trailers; first demo trailer available for fleet trials and public showcase at NUFAM Karlsruhe, September 25–28, 2025

After steering Sono from automotive roots to solar tech and the uplisting to the Nasdaq Capital Market, George O’Leary passes the baton; Kevin McGurn nominated to accelerate commercialization and partnerships

Strategic move enhances liquidity, expands investor reach, and reinforces Sono’s position in the global solar technology market

H1 2025 net income of €8.0 million primarily driven by fair value adjustments; disciplined cost base and improved operating cash use; progress on OEM collaborations and brand architecture

New brand highlights transformation into one of the leading providers of solar technology for commercial vehicle manufacturers and fleet operators

The Company invites individual and institutional investors to attend its real-time presentation at the Emerging Growth Conference

From OEM Pilots to Production Line: Scaling Solar Power in Commercial Transport

Recent installations on an e-truck and refrigeration trailer showcase the scalability and commercial readiness of Sono’s solar solutions

The Company invites individual and institutional investors to attend its online presentation at Small Cap Virtual Investor Conference on June 26, 2025

Positive Market Response and Significant Business Development Opportunities Highlight the Event

The Company invites individual and institutional investors to attend its real-time presentation at the Emerging Growth Conference

The Company invites individual and institutional investors to attend its real-time presentation at the Emerging Growth Conference

MUNICH, May 20, 2025 (GLOBE NEWSWIRE) -- Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), the solar technology company, today announced its financial results for the first quarter ended March 31, 2025.

The Company invites individual and institutional investors to attend its real-time presentation at the Emerging Growth Conference

MUNICH, April 17, 2025 (GLOBE NEWSWIRE) -- Sono Group N.V. (OTC: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), the solar technology company, announced its financial results for the fiscal year ended 31 December 2024.

From Munich to Brussels: Meet the Team Driving Solar Innovation in Commercial Transport

Two-Way Distribution and Co-Marketing Agreement Leverages Complementary Technologies for Enhanced Customer Value and Worldwide Reach

Munich, Feb. 13, 2025 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono Group” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), today announced the expansion of its product portfolio with two new solar kits: one designed for coach buses and another tailored for panel vans. Additionally, the Company is launching an Environmental, Social and Governance (“ESG”) reporting feature within its fleet dashboard, providing customers with a seamless way to track and report sustainability data.

Miami, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Miami, FL., February 11, 2025 – The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono Group” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), today announced that its US ticker symbol has changed from “SEVCD” back to “SEVCF”, effective February 11, 2025. The Financial Industry Regulatory Authority (FINRA) confirmed this change on February 10, 2025.

Building Momentum for 2025: Expanding Reach and Entering New Markets

National certification for vehicle-integrated photovoltaics (ViPV) highlights Sono Group’s leadership in sustainable mobility

Significant Steps Towards Strengthening Financial Position and Supporting Nasdaq Uplisting Efforts

Showcases Robust Development and Commitment to Sustainable Mobility Solutions

Munich, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”) is pleased to announce that George O’Leary, Managing Director, CEO and CFO of Sono, will present and host one-on-one meetings with investors NobleCon20 - Noble Capital Markets’ Twentieth Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex, in Boca Raton, FL.- on December 4, 2024 at 11:00-11:25 AM Eastern Standard Time.

Shareholders unanimously approve key decisions necessary for Sono’s planned Nasdaq uplisting

Sono Group N.V. invites individual and institutional investors to attend its real-time presentation and schedule one-on-one meetings

Munich, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”) today issued an update to the Shareholder Letter dated July 2, 2024 from George O'Leary, Managing Director, Chief Executive Officer and Chief Financial Officer

Sono Group N.V. invites individual and institutional investors to attend its real-time presentation at the Emerging Growth Conference

Innovative solar technology reduces fuel dependence and operating costs, providing solid ROI for logistics leaders

Industry Veteran to Lead Sono Motors’ Efforts to Strengthen Market Presence and Drive Growth

Fleet Operators and Industry Professionals Enthusiastic About Solar-Powered Solutions for Trucks and Trailers

Sono Group N.V. invites individual and institutional investors to attend its real-time presentation at the Emerging Growth Conference

Funding strengthens Sono Group’s capital base, intended to accelerate the growth of the business

Advancing Sustainable Mobility with Custom Solar Solutions for Commercial Fleets

Munich, Aug. 29, 2024 (GLOBE NEWSWIRE) -- MUNICH, August 29, 2024 – Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), the solar technology company, announced that effective immediately, Sono Motors’ customers in Germany and Austria can obtain the innovative Solar Bus Kit from Sono Motors through Hofmeister & Meincke.

Sono Group N.V. joins OTCQB under the symbol “SEVCF”

MUNICH, June 24, 2024 (GLOBE NEWSWIRE) -- Sono Group N.V. (OTC: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), the solar technology company, announced its financial results for the fiscal year ended 31 December 2023.

MUNICH, Germany, April 26, 2024 (GLOBE NEWSWIRE) -- Sono Group N.V. (the “Company”) (OTC: SEVCF), a solar technology company, today announced a correction to its press release issued on April 25, 2024, which provided an update on the trading symbol for the Company's ordinary shares and introduced the new leadership team.

MUNICH, Germany, April 25, 2024 (GLOBE NEWSWIRE) -- Sono Group N.V. (the “Company”), a solar technology company, is pleased to announce a significant milestone in its corporate recovery. Following the successful conclusion of insolvency proceedings involving its subsidiary, Sono Motors GmbH, and the withdrawal of its own application for preliminary self-administration proceedings (reported in the Company’s Form 6-Ks filed on January 31, 2024 and February 29, 2024, respectively), the Company has received from the Financial Industry Regulatory Authority (FINRA) that the 'Q' will be removed from its ticker symbol, previously designated as SEVCQ, effective today. This change marks the end of the bankruptcy indication for Sono Group N.V., and the Company's ordinary shares will be quoted on the over-the-counter market under the US ticker symbol SEVC going forward.

MUNICH, Germany, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The ordinary shares of Sono Group N.V. (the “Company”) have been suspended from trading on Nasdaq since July 21, 2023. Following the recent announcement from The Nasdaq Stock Market (“Nasdaq”) that it will file a Form 25 Notification of Delisting with the U.S. Securities and Exchange Commission (the “SEC”) to formally complete the delisting of the Company’s ordinary shares, the Company is pleased to outline its strategic initiatives considering this development.

MUNICH, Germany, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Sono Motors GmbH, the Munich-based solar technology company and subsidiary of Sono Group N.V., is happy to announce the confirmation of its insolvency and restructuring plan by the insolvency court of the local court of Munich, Germany, as well as the closing of its recently announced investor deal with YA II PN, Ltd. (“Yorkville”), both important milestones in the company's successful navigation towards restructuring and its imminent exit from its self-administration proceedings.

MÜNCHEN, Germany, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Sono Motors, the Munich-based solar technology company, today announces the signing of investment agreements with YA II PN, Ltd. (“Yorkville”), which are expected to enable the company to restructure itself, emerge from its self-administration proceedings that have been ongoing since May 2023 and continue its solar integration business. Subject to the fulfillment of certain conditions precedent, this deal positions Sono Motors to obtain sufficient financing for its business operations until at least the end of 2024. Closing of the investment with Yorkville and conclusion of the insolvency proceeding are currently expected in late January 2024.

MUNICH, Germany, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Solar technology company Sono Group N.V. (the "Company"), the parent company of Sono Motors GmbH ("Sono Motors"), today presented three new members of its Supervisory Board. The new Supervisory Board members have been appointed on an interim basis until their formal election at the Company's next annual general meeting. The four-member Supervisory Board consists of financial experts and an employee representative and is chaired by Sandra Vogt-Sasse, who is supported by Thomas Wiedermann as Vice-Chair. Martin Sabbione also joins the Supervisory Board as an additional new member. Johannes Trischler, an employee representative, has been a member of the Company's Supervisory Board since November 2021.

MUNICH, Germany, Sept. 01, 2023 (GLOBE NEWSWIRE) -- On August 28, 2023, solar tech company Sono Group N.V. (NASDAQ: SEV) (the “Company”) received a staff determination letter (the “Letter”) from the staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that on March 20, 2023, the Staff had notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5450(a)(1). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until September 18, 2023, to regain compliance with the Rule. The Letter goes on to state that for the past 12 consecutive trading days the closing bid price of the Company’s common stock has been below $0.10 and that, accordingly, pursuant to Listing Rule 5810(c)(3)(A)(iii), this matter serves as an additional basis for delisting the Company’s securities from Nasdaq. In addition, the Letter refers to the resignation of four of five members of the Company’s supervisory board in April 2023, including all of its independent members, and states that the Company no longer meets the audit committee requirement for continued listing on Nasdaq set forth in Listing Rule 5605(c)(2) and that, as such, this matter further serves as an additional basis for delisting the Company’s securities from Nasdaq.

MUNICH, Germany, July 18, 2023 (GLOBE NEWSWIRE) -- On July 12, 2023, solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Group” or the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the staff of the Listing Qualifications Department (the “Staff”) has determined that the Company’s securities will be delisted from Nasdaq in accordance with Listing Rules 5101, 5110(b) and IM-5101-1. The Notice further states that trading of the Company’s common shares will be suspended at the opening of business on July 21, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on Nasdaq. The Company has requested a hearing before the Nasdaq Hearings Panel to appeal the Staff’s determination.

MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) -- On May 15, 2023, Sono Group N.V. applied to the insolvency court of Munich, Germany, to permit the opening of a self-administration proceeding (Eigenverwaltung) with respect to Sono Group N.V. pursuant to Section 270 (b) of the German Insolvency Code (Insolvenzordnung). 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.

MUNICH, Germany, May 08, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) announces that it received a notice (the “Notice”) on May 3, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “2022 20-F”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

MUNICH, Germany, April 21, 2023 (GLOBE NEWSWIRE) -- On 24 February 2023, Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) announced its commitment to change its business model to focus exclusively on its solar business for B2B customers and to terminate the Sion passenger car program. 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.

MUNICH, Germany, March 24, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) announces that on 20 March 2023, it received a letter from the Listings Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq”) notifying the Company that the minimum closing bid price per share of its common shares was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1). This current report is filed pursuant to Nasdaq Listing Rule 5810(b). The Nasdaq notification letter does not affect the Company's business operations and, for now, it does not result in the delisting of the Company’s common shares. The shares will continue to trade uninterrupted under the symbol “SEV”.

MUNICH, Germany, March 08, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) today announced it has signed a purchase order with a second passenger car manufacturer, one of the 10 largest in the world. The scope of the order is delivery of solar body panels for one vehicle, so that, together with Sono Motors, the OEM is able to explore solar integration into their cars. The Company announced the first order from a passenger car manufacturer in December last year. This brings the Company’s total number of customers and partners for its solar technology to 25, a significant increase from 10 partners at the time of the Company’s IPO 15 months ago.

MUNICH, Germany, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The solar mobility solutions provider Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) today announced that it decided to pivot its business model to exclusively retrofitting and integrating its solar technology onto third party vehicles, and to terminate its Sion passenger car program (‘Sion program’), effective today. The Company’s solar solutions, including hardware such as power electronics and software, are already in application today, with 23 B2B customers across Europe, Asia, and the United States piloting Sono Motors’ integrated solar technology on a variety of vehicles, including third-party OEM cars, buses, refrigerated vehicles, and recreational vehicles. Fleet operators can benefit from integrating Sono Motors’ technology to save fuel, costs, and CO2, thereby contributing to the fight against climate change through a reduction in greenhouse gas emissions. Termination of the Sion program reflects a decision to focus on a capital-light business model – an estimated 90% of the funding needs for 2023 were generated by the Sion program – in light of depressed capital market conditions. Given the resource-intensive nature of the Sion program, including personnel requirements, the Company is now implementing a significant cost reduction program.

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. The test was rolled out at its partner facility at CSI in Italy, a certified testing institution, with a Sion that was, including solar panels, painted green to ensure the vehicle is high contrast and therefore can enable more accurate evaluation.

MUNICH, Germany, Jan. 26, 2023 (GLOBE NEWSWIRE) -- The Munich-based solar mobility solutions provider Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) today announced an extension of its special community campaign (“#savesion”). More than €47 million has been committed in the #savesion campaign from over 8,600 community members and other sources since early December.

MUNICH, Germany, Jan. 23, 2023 (GLOBE NEWSWIRE) -- The Munich-based solar mobility solutions provider Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) secured €1.46 million in funding from the European Climate, Infrastructure and Environment Executive Agency (“CINEA”) to advance the development of the Company’s proprietary solar technology.  The SEAMLESS-PV project was granted by the EU Commission and aims, over the course of four years, to develop automated photovoltaic (PV) manufacturing equipment, address the industrialization of novel manufacturing processes, and demonstrate the technology’s cost-efficiency and compliance with market requirements and standardization frameworks in various sectors. Sono Motors will provide its knowledge and expertise in the field of vehicle integrated photovoltaics (ViPV) via application of this technology into three different vehicle architectures.

MUNICH, Germany, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The solar-mobility OEM Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) is making progress in the testing and series-validation program of its solar electric vehicle Sion, and remains on a fast track to pre-series production, which is planned in summer 2023.

MUNICH, Germany, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The solar-mobility OEM Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) announces that in line with its previously communicated special marketing campaign, the Company has received payment commitments from its customer community worth approximately €40 million as of 10 January 2023.

MUNICH, Germany, Dec. 08, 2022 (GLOBE NEWSWIRE) -- The solar-mobility OEM Sono Group N.V. (NASDAQ: SEV) (hereafter referred to as “Sono Motors” or the “Company”) today announced its business and financial results for the third quarter of 2022.

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 Company’s solar electric vehicle (SEV), with further proven technologies from the automotive supplier. Among other things, the companies will integrate an advanced driver assistance system (ADAS) from Continental in Sono Motors’ series-validation vehicles for the first time, as part of the expanded cooperation.

MUNICH, Germany, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Sono Motors (subsidiary to “Sono Group N.V.,” NASDAQ: SEV), the Munich-based solar mobility OEM, and the well-renowned German company Bosch have agreed to cooperate on a joint Europe-wide network of car repair shops. Within the framework of the Bosch Car Service workshop concept, all maintenance and repair services will be offered according to modern standards. Owners of the Sion, Sono Motor’s solar electric vehicle, will be able to use all services offered by participating car repair shops, including repair, servicing, maintenance, and warranty services. In other words, thanks to the Bosch Car Service network integration, Sion owners will be able to more easily find a competent repair shop partner in Europe. The overall 50 qualified Bosch Car Services to be trained in the launch phase will be distributed throughout Germany in such a way that both major cities and rural areas will be covered. Additional qualified service centers will be added in the subsequent rollout to create a comprehensive service network available in many European countries.

MUNICH, Germany, Oct. 07, 2022 (GLOBE NEWSWIRE) -- The Munich-based solar mobility OEM Sono Motors (NASDAQ: SEV) gains new customers in Scania, a subsidiary of Volkswagen, and LLT, a Swedish public transport authority, in a unique project to test the Solar Bus Kit in real-life conditions in the northern hemisphere. The objective of the project is to optimize the efficiency of the solar technology for buses in northern climates. LLT is the first transport authority in Scandinavia to equip buses with a customized version of the Solar Bus Kit with 1 kW peak installation, and have equipped six Scania model Citywide K320 diesel buses. These solar-equipped buses are used for public transport in Luleå, Sweden and are intended to help reduce transport emissions. For each year of operation, the solar technology developed by Sono Motors has the potential to save approx. 2.9 tonnes of CO2 and up to 1,100 liters of diesel per bus. According to LLT and Scania, solar technology could be an option in the future to increase the range of electric buses.