Electric vehicles startup Sono abandons plans for solar-powered car
German incipiency Sono Motors has abandoned plans to produce a incompletely solar- powered auto called the Sion and will rather concentrate on erecting solar panels for third- party vehicles, The company said in a statement. innovated in 2016, Sono began trading on the NASDAQ in November last time in a shot to attract early- stage investors after chancing itself on the point of bankruptcy. The incipiency was due to begin product in Finland with supplier Valmet Automotive this time. Sono launched a crusade in early December to raise 100 million euros($ 106 million) by offering implicit buyers a,000- euro reduction on apre-ordered vehicle, travelling across 13 European metropolises to rally interest in the model. The company said at the time that it would concentrate on its lower capital- ferocious solar business if the crusade, which was due to run until February 28, was unprofitable. We were impelled to reply to the ongoing fiscal request insecurity and streamline our...