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Sono Group N.V.’s CEO Shareholder Update – June 2025
Globenewswire·2025-06-23 11:00

Core Viewpoint - Sono Group is transitioning its solar technology from pilot projects to commercial production, achieving initial revenues and partnerships with major OEMs, indicating a significant step towards widespread adoption of solar-integrated commercial vehicles [2][4][5]. Group 1: Company Progress - The company has recorded its first revenues in Q1 2025, marking the beginning of the commercialization phase for its solar technology, with a profit of €8.8 million primarily due to fair value adjustments to convertible debt instruments [4]. - Over the past year, Sono Group has engaged in extensive engineering and collaboration with OEMs, leading to real-world validation of its technology [3]. Group 2: OEM Collaborations - MAN Truck & Bus has commenced series production of vehicles featuring Sono's solar technology, representing a significant endorsement from a leading commercial vehicle manufacturer [5]. - Ford Motor Company is collaborating with Sono under the EU-funded SolarMoves project to test high-voltage solar integration on the Ford E-Transit, aiming to gather data on reducing grid charging needs [6]. Group 3: Strategic Partnerships - A partnership with Merlin Solar Technologies was announced, allowing Sono to incorporate high-efficiency solar panels into its integration process, supporting global expansion efforts [7]. Group 4: Future Priorities - The company aims to deliver on existing orders, expand into new geographies, enhance product leadership, and advance uplisting efforts to major U.S. exchanges [8][9][10]. Group 5: Vision and Impact - Sono Group envisions solar technology on every commercial vehicle, positioning it as a bridge between conventional and electric vehicles, contributing to reduced emissions and a shift towards cleaner transport [14][15].