Munich-based startup Sono Motors has abandoned plans to produce a partly solar-powered car dubbed the 'Sion' and will instead focus on building solar panels for third-party vehicles, the company said on Friday.
has abandoned plans to produce a partly solar-powered car dubbed the "Sion" and will instead focus on building solar panels for third-party vehicles, the company said on Friday.
Founded in 2016, Sono began trading on the NASDAQ in November last year in a bid to attract early-stage investors after finding itself on the brink of insolvency. It was due to begin production in Finland with supplier Valmet Automotive this year. It launched a campaign in early December to raise 100 million euros by offering potential buyers a 3,000-euro discount on a pre-ordered vehicle, travelling across 13 European cities to rally interest in the model.
The company said at the time that it would focus on its less capital-intensive solar business if the campaign, which was due to run until February 28, was unsuccessful. "We were compelled to react to the ongoing financial market instability and streamline our business," co-founder and CEO Laurin Hahn said in a statement on Friday.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Lordstown Motors freezes production to address quality issues | EngadgetLordstown Motors is still struggling to ship EVs, but is pausing production to tackle quality problems..
Baca lebih lajut »
Lordstown Motors stock falls on EV pickup truck production pause due to components problemLordstown Motors Corp. stock is down 10% in premarket trades after it said it filed paperwork with the National Highway Traffic Safety Administration (NHTSA)...
Baca lebih lajut »
Lordstown Motors stops production of Endurance pickup truck to make fix, recalls 19 vehiclesThe company said Thursday that its experiencing performance and quality issues with certain parts of the Endurance pickup truck. Lordstown Motors said it has temporarily stopped making and delivering vehicles to customers.
Baca lebih lajut »
Lordstown Motors pauses production, deliveries of its electric truck - AutoblogLordstown Motors Corp will temporarily stop production and deliveries of its pickup truck Endurance, of which it has only made 31 units for sale.
Baca lebih lajut »
Cleveland Police: Suspects break into iDrive Motors, try to steal cars from lotSeveral suspects are wanted for breaking into the used car dealership and trying to steal cars from the lot, Cleveland Police confirmed, and detectives need help identifying them.
Baca lebih lajut »
Rivian Starts Production Of Enduro Motors For Dual-Motor AWD ModelsThe Enduro electric drive units will power Rivian's upcoming Dual-Motor AWD and Enhanced Dual-Motor AWD R1S and R1T models.
Baca lebih lajut »