It's a setback, but it wasn't unexpected. The Sion from Sono Motors is not built at NEVS in Trollhättan. Instead, Valmet Automotive takes over the manufacturing. For Trollhättan, this means the loss of some 100 jobs that will no longer be created. However, it is unclear whether NEVS was still planning the order at all.
Production of the SEV from Sono Motors in Uusikaupunki is scheduled to start in the second half of 2023. The cooperation has been agreed for seven years, like Valmet Automotive in one press statement reported.
Uusikaupunki is a former Saab location, the company manufactured many vehicles of the Swedish brands as Saab-Valmet. The quality of the historic Saab is legendary and Valmet is now a modern service provider that works for many brands. Visionary vehicles such as the Lightyear One, an electric car that also relies on solar technology, are rolling out of the Finnish halls.
The Sion - later and expensive
Munich's decision is understandable. It gives the company the planning security it absolutely needs. However, it remains to be seen whether the Sono Group share price will pick up after the news. This would be helpful for the necessary raising of capital, which could take place as part of an issue of further shares.
As a result of the shift in production, Sono Motors is once again increasing the price of the Sion for new orders. The SEV is further delayed and will be delivered a little later. The reason for the price adjustment is higher production costs.
It is unclear to what extent the decision could affect the future of NEVS. It is possible that the company has long since charted a different course as a mobility provider for autonomous vehicles.
With visuals from Valmet Automotiv