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German solar technology startup Sono Motors has officially thrown in the towel on its Sion solar passenger EV program following an inspiring but unsuccessful crowdfunding campaign called #SaveSion. The pivot puts the company’s entire focus on its Sono Solar tech business, which has previously found success with third party customers around the world. While Sono should be alright, its abandonment of solar EV development is yet another chapter in a sad tale about how hard it is to scale the technology without billions in funding.

Over the past six years, Sono Motors ($SEV) has not only built a production-intent mass-market solar EV but also a community of fans and interested customers across Europe. We at Electrek have been following the progress of the Sion solar EV since it was a mere rendering in 2017, onto its first prototype iteration, second, and a final production-intent design I personally got to see up close in Munich last summer.

Over the past couple years especially, Sono Group has publicly shared progress of the other half of its business, integration of its solar tech on other vehicles like MAN Vans or a refrigerated semi-trailer with CHEREAU.

In December, hours after posting its Q3 2022 results that outlined a growing B2B solar integration business, Sono CEOs and cofounders Jona Christians and Laurin Hahn offered a public statement relaying serious financial struggles its Sion solar EV program was enduring.

At the time, abandoning the solar EV program in favor of its revenue-generating B2B solar technology division, but after all its hard work, the Sono team announced one last Hail Mary attempt to fund the Sion’s 12-month journey to production.

Sono launched a 50-day campaign called #SaveSion, calling its community of reservation holders to action by committing to a solar EV purchase in order to fund roughly 100 million euros the company expected would be required for its final steps of development and production.

By January 26, 2023, Sono announced over 8,600 community members and additional sources had committed to 47 million euros, and that it was extending the campaign for an additional month while it hoped for a miracle… or at the very least, an angel investor or two.

With the #SaveSion scheduled to end in four days, Sono has accepted the cruel startup reality that it won’t get the necessary funding in time, the Sion program will be terminated, and Sono Motors will now be known as a B2B solar integration company and a defeating reminder of what could have been in the shrinking world of solar EVs.

Sono solar
Credit: Sono Motors

Sono will continue solar tech at the cost of 300 staff

Sono Group announced the official termination of the Sion solar EV program today in favor of its solar solutions business focused upon hardware, power electronics, and software. Sono states its B2B solar technology has already been implemented across the products of 23 different customers around the world including Europe, Asia, and the US.

The company expressed that although it is difficult to abandoned the project that was its original nucleus, its B2B solar business has proven fruitful and is much more capital-light than developing and scaling tens of thousands of solar EVs. In fact, Sono states that 90% of its funding needs for 2023 were to be allocated to the Sion program. Sono cofounder and CEO Laurin Hahn spoke:

This pivot marks a significant step in Sono Motors’ business development. Even though we had to terminate our original passion project, the Sion program, shifting our entire focus to business-to-business solar solutions provides us with an opportunity to continue to create innovative products in the solar space. It was a difficult decision and despite more than 45,000 reservations and pre-orders for the Sion, we were compelled to react to the ongoing financial market instability and streamline our business.

While Sono’s growing number of B2B customers provides evidence of the viability of its solar technology, recent validation from the EU only hardens its case. The company relayed that it recently secured 1.46 million euros from the EU Commission’s European Climate, Infrastructure and Environment Executive Agency (‘CINEA’). Sono says it will use the funding to further development of its proprietary solar technology (‘SEAMLESS-PV’ project).

While Sono should remain afloat following its official solar business pivot, its “lighter” operations won’t come without their fair share of collateral damage. Without the Sion program, Sono says it is planning to terminate the jobs of about 300 employees. That’s a sad bookend to an attempt at a consumer-friendly passenger solar EV that truly could have done some good in the world.

With Sion officially out there is more pressure is on Aptera Motors, who remains the closest (yet still quite far) to reaching solar EV production, although Lightyear appears to be back for one last Hail Mary of its own.

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Genesis GV90 spotted in the US, offering a sneak peek at its ultra-luxe interior

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Genesis GV90 spotted in the US, offering a sneak peek at its ultra-luxe interior

The GV90 is set to raise the bar as the most luxurious Genesis SUV. If you thought the GV80 was impressive, wait until you see this larger, three-row electric flagship. After it was recently spotted in the US, we are getting our first glimpse of the ultra-luxe Genesis GV90’s interior.

First look at the Genesis GV90 interior in the US

Genesis previewed the flagship SUV at the NY Auto Show last March with the Neolun concept, which the brand refers to as its “ultra-luxe vision of luxury SUVs.”

It’s not only stunning on the outside, but the full-size SUV will introduce advanced new tech and upscale design features for “a whole new level of luxury.”

Drawing inspiration from Korean aesthetics, the interior is fit for royalty. The concept featured a “Royal Indigo” cashmere and a vintage-like “Purple Silk” leather. Genesis topped it off with dark-colored wood accents for an even more luxurious feel.

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After it was spotted in public in California, it looks like the interior of the Genesis GV90 will retain some elements from the concept.

The new photos, courtesy of The Korean Car Blog, offer a sneak peek at what we can expect when it arrives in production form.

You’ll notice that the color scheme remains largely the same, with purple accents on the door trim, seats, and other interior elements.

The GV90 will serve as the luxury brand’s tech beacon, featuring Hyundai Motor’s latest technology and software. A 24″ infotainment system will sit at the center with navigation and voice command recognition.

It will also feature a 3D audio experience with tweeters, midrange speakers, woofers, and subwoofers strategically placed, creating an immersive audio experience. The iconic Crystal Sphere is not only a centerpiece, but it will also serve as a hi-fi tweeter speaker.

According to Luc Donckerwolke, Genesis’ chief creative officer, the concept is “the epitome of timeless design and sophisticated craftsmanship.” Do you agree?

With GV90 models now in public testing, Genesis appears to be on track to launch the flagship SUV in mid-2026. Earlier this month, we got a closer look at the exterior after it was caught testing at the Nürburgring with less camo.

More details, including prices and final specs, will be revealed closer to launch. However, it is expected to ride on Hyundai’s new eM platform, which will replace its current E-GMP.

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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

Jakub Porzycki | Nurphoto | Getty Images

The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.

In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023.

The original complaint accused the crypto exchange of violations including illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The agency also claimed that Binance unlawfully enabled trading in crypto assets it viewed as unregistered securities, an argument that was also used against Coinbase, Kraken, and others under prior SEC leadership.

The dismissal marks a symbolic end to one of the most aggressive crypto crackdowns in U.S. history, and comes as the Trump administration makes a concerted effort to prove that it’s an ally to the industry. The Justice Department has already shut down its crypto enforcement team, and the Commodity Futures Trading Commission is now set to be led by a venture capitalist with close ties to crypto.

Binance is the largest digital assets exchange in the world by volume. It recently forged ties with World Liberty Financial, a project that aspires to be a crypto bank and funnels 75% of profits to entities linked to the Trump family. Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the World Liberty team.

Binance and World Liberty are also deepening their footprint in Pakistan, where WLF co-founder Zack Witkoff, the son of U.S. Middle East envoy Steve Witkoff, recently struck a deal with the government. Around the same time, Zhao was appointed as an adviser to Pakistan’s newly formed Crypto Council, a state-backed body tasked with shaping national digital asset policy.

Binance CEO Richard Teng discusses U.S. crypto adoption at the Digital Asset Summit

The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.

The agency’s motion to dismiss was granted with prejudice, meaning the SEC can’t refile the same claims.

Under the SEC’s new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It’s held a series of roundtables led by Commissioner Hester Peirce and newly appointed Chair Paul Atkins.

The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, “Bye, bye SAB 121! It’s not been fun.”

In February, the agency followed up with new guidance indicating that it doesn’t view most meme coins as securities under federal law, providing a boon to the Trump family.

President Trump and several of his family members are closely tied to crypto ventures, including the $TRUMP token, which launched just before his January inauguration. The coin currently boasts a market cap of about $2.4 billion, with its website claiming that 80% of the supply is held by the Trump Organization and affiliated entities.

WATCH: President Trump holds controversial private dinner for top investors in his meme coin

President Trump holds controversial private dinner for top investors in his meme coin

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GM takes over as the ‘#1 EV seller’ in Canada

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GM takes over as the '#1 EV seller' in Canada

After its electric vehicle sales more than doubled in the first quarter, GM claims it’s now the “#1 EV seller” in Canada. With a full lineup of 13 all-electric vehicles, GM sold more EVs than Tesla in Canada.

GM tops Tesla to become the #1 EV seller in Canada in Q1

GM’s electric vehicle sales in Canada surged by 252% in the first three months of 2025, with new Chevy and Cadillac models driving growth.

The Chevy Equinox EV led the way with 1,892 units sold, followed by the Silverado EV with 894 units. Cadillac’s new entry-level OPTIQ had a strong showing, with 615 models sold, nearly matching the 720 units sold of its first EV, the LYRIQ.

Even the GMC Hummer EV Pickup and SUV saw more demand, with sales up 232% (186) and 88% (252), respectively.

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Combined, the automaker sold a total of 5,750 EVs in Q1. According to GM, this was enough to top Tesla to become “the #1 EV seller in Canada.”

GM Canada recently posted on social media, saying, “We claimed the top spot as Canada’s #1 EV seller!” The news comes as registration data show that Tesla registered just 524 vehicles in Quebec in Q1, down 87% from the same period last year.

The steep decline in sales comes after the Quebec government paused federal EV incentives from February to April 1st. Canada also paused its iZEV rebate program in January, which offered up to $5,000 on the purchase or lease of an EV. Like the US federal EV Tax credit, it was designed to be used at the point of sale to help lower prices.

GM-#1-EV-seller-Canada
Chevy Equinox EV LT (Source: GM)

GM also registered significantly fewer Equinox and Blazer EVs in Quebec during the quarter. Despite higher year-over-year (YOY) sales, GM’s electric vehicle (EV) sales were down considerably from the over 15,000 in Q4 2024.

GM-#1-EV-seller-Canada
Cadillac OPTIQ EV (Source: GM)

The American automaker will continue to expand its lineup with the launch of the new Cadillac Escalade IQL, Lyriq-V, and Visiq.

By the end of the year, we also expect to get our first look at the next-gen Chevy Bolt EV with deliveries starting in 2026.

Electrek’s Take

GM is building momentum with new models rolling out, which now cover nearly every segment. In the US, GM surpassed Ford and Hyundai Motor, including Kia, to become the second-largest seller of EVs last year.

Chevy is now the fastest-growing EV brand in the US. The new electric Equinox, or “America’s most affordable 315+ miles range EV,” as GM calls it, is quickly becoming a top seller. The Blazer and Silverado EVs are also gaining traction.

Cadillac reported its best first quarter since 2008, with retail sales increasing by 21%. After delivering the first models in Q1, the entry-level OPTIQ is off to an impressive start with 1,716 units sold.

GM will top off its US electric vehicle lineup with the next-gen 2026 Chevy Bolt EV due out later this year or in early 2026.

Source: GM Authority, GM Canada

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