SEV News and Press, Sevcon Inc. From 04/04/22

Global electric car sales Feb. 2022 - Up 99% YoY reaching 9.3% share. China sales up 176% YoY to 20% share. Europe sales were up 38% YoY to 20% share. EV market news - UK hits new record electric car market share. Germany joins EU ICE ban by 2035. Record high gas prices are driving de...

The automobile sector comes off a rough road in Q1 when visions of a Green Tidal Wave faded into the realities of commodities inflation and more supply chain disruption. Looking ahead, Morgan Stanley warned that the combination of 40-year high CPI inflation, record gas prices and interest rat...

Sono Motors Innovative Solar Technology for Buses Is Used in Real Conditions in Munich for the First Time Solar Bus Trailer for the Münchner Verkehrsgesellschaft (Munich Transport Company, MVG) to Reduce Local CO2 Emissions by Over 6.5 Metric Tonnes per Year per Vehicle, Th...

Automobile stocks broke higher on Tuesday with incremental progress in the Ukraine-Russia talks being reported. Russia is no longer asking that Ukraine be "denazified" and is prepared to let the nation join the EU if it remains militarily non-aligned. That includes ditching its NATO aspiratio...

Gainers: Sportradar Group AG (SRAD) +5%. Eargo, Inc. (EAR) +4%. Zynex, Inc. (ZYXI) +3%. IVERIC bio, Inc. (ISEE) +3%. Sono Group N.V. (SEV) +3%. Losers: Vir Biotechnology, Inc. (VIR) -8%. Jounce Therapeutics, Inc. (JNCE) -6%. Travelzoo (TZOO) -5%. Health Catalyst, Inc (HCAT) -4%...

Sono Group N.V. (SEV -2.4%) said it plans to be undertaking testing, validation and certification of the Sion in the coming months. The public debut for the Sion's final design is planned for the summer of 2022. Then some of the series-validation vehicles will most likely additionally go on a...

Components, Vehicle Parameters and the Final Sion Design Have Been Defined On Track With the Ongoing Construction of 37 Sion Series-Validation Vehicles and Bodies in White Vehicles Serve to Further Test, Validate and Certify the Sion, as Well as Optimize Sono Solar Technology ...

News that the Biden Administration plans to ban Russian oil has sent a large part of the electric vehicle sector into a higher gear on Tuesday. That follows news that Russian Deputy Prime Minister Alexander Novak threatened to cut off gas supply to Europe if governments sanction energy import...

Global electric car sales Jan. 2022 - Up 87% YoY reaching 10% share. China sales up 115% YoY to 17% share. Europe sales were up 39% YoY to 19% share. EV market news - US$5B plan to fund EV charging network over 5 years. USA Q4, 2021 EV sales up 72%. 10 electric pickups coming to the U...

Auto stocks fell sharply on Tuesday on concerns over the impact of escalating Russia-Ukraine conflict on commodity prices, European demand and the risk tolerance of investors.  Auto majors Stellantis (STLA -7.8%), Ford Motor Company (F -4.9%), General Motors Company (GM -4.4%) and F...