Yet another electric car manufacturer is pondering the possibility of a U.S. stock market listing.
That company is German brand Sono Motors that is currently in the midst of developing an EV known as the Sion. The vehicle was shown as a prototype at CES at the start of this year and has solar panels across much of the body.
Read Also: Sono Motors’ Sion EV Has A Dashboard Filled With… Moss
Reuters understands that Sono Motors is working with Citi and Berenberg on the public listing which could take place in the coming months either through a traditional initial public offering or as a merger with a blank check company. The listing could value Sono Motors at more than $1 billion.
It is reported that Sono Motors has confidentially filed for an IPO with the U.S. Securities and Exchange Commission and is in parallel talks with several special purpose acquisition companies (SPACs) to take it public.
Sono Motors plans to equip the Sion with a 35 kWh battery that powers an electric motor producing 161 hp and 199 lb-ft (270 Nm) of torque. This will enable the small car to travel 158 miles (255 km) on a single charge in the WLTP cycle while hitting a top speed of up to 87 mph (140 km/h). The solar panels adorning the Sion will provide up to 22 miles (35 km) of range each day.
The interior of the Sion is also quite unique and includes a dashboard filled with moss that has been designed to filter the air and regulate humidity. Also found within is a prominent infotainment system and a bespoke digital instrument cluster.
