Reply To: German Solar Electric Vehicle Disruptor Sono Group Shares Soar on IPO Debut

#36123
TradersCom
Keymaster

The electric car stock has lost 92% of its value since going public and investors likely see the offering as simply devaluing its shares even more.

However, the Euro’s are so Sono Group can stay operational until it’s able to start producing its Sion EV.

It sees itself licensing the technology to manufacturers of buses, trucks, camper vans, trains, and even boats as an additional source of revenue.

However, it doesn’t foresee delivering its first vehicle to customers until the second half of 2023, so it will need financing to keep the momentum..