Friday, February 24, 2023

The House Of Cards Starts To Fall -- A German EV Auto Manufacturer Calls It Quits -- February 24, 2023

Updates

February 25, 2023: from CNBC last year. This is absolutely crazy; does anyone really read this stuff; does anyone really take this stuff seriously -- all that R&D and marketing and the car might get you 70 miles a week on solar energy ... wow... this tells me we need a Fed rate of 8%. This free money spawned any number of really, really ridiculous initiatives ...

Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release.
Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It features 465 integrated solar half-cells throughout the exterior of the car — roof, doors, fenders, hood and all.
The company estimates that solar power alone can fuel about 70 miles of driving per week.
For longer trips though, the Sion has a lithium iron phosphate battery with a 190-mile range, made by Chinese electric vehicle and battery giant BYD. [LOL.]

Original Post 

How did I miss this one? LOL.

So, quick -- how many readers have even heard of Sono Motors? LOL.

Whatever.

Apparently a Munich-based solar energy company was building a "solar" EV. 

Munich, as in that sun-drenched European country known as Germany. Yeah, that one.

This solar-EV company will now pivot to becoming a "solar tech" company. In the screenshot below, "B2B" means "business-to-business." The company will apparently market its "solar technology" to other businesses. 

Sion was the name of its "solar vehicle."

All seriousness aside, this is a huge story for another reason. Most of us will simply write this off as an EV auto manufacturer that didn't make -- the first of many yet to come. But, it's also a sign of European de-industrialization which is tracked here as a theme for 2023

From BNN Bloomberg:


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