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Sono Motors and CHEREAU signed a contract to enter the solar powered refrigerated trailer market

 

Sono Group NV

Sono Motors and CHEREAU signed a contract to enter the solar powered refrigerated trailer market

Sono Motors and CHEREAU signed a contract to enter the solar powered refrigerated trailer market
Sono Motors and CHEREAU signed a contract to enter the solar powered refrigerated trailer market
  • Solar technology to provide refrigerated trailers with a speed of up to 9.8 kW, providing approx. 3400 liters of fuel and reduce approx. 9 tons of local CO2 emissions per year per vehicle
  • Sono Motors and CHEREAU SAS announce the joint production of the first solar-powered trailer with 58.9 square meters of solar panels
  • The trailer will be shown for the first time at IAA Transportation 2022 and will be used to assess the technical and economic feasibility of integrating a custom solar power solution to a large scale chain vehicle.
  • The market for refrigerated trailers is expected to grow strongly due to the increased demand for pharmaceuticals, frozen products and fast food

MUNICH, Germany, June 1, 2022 (GLOBE NEWSWIRE) — Sono Motors, the company that aims to revolutionize the future of solar-powered transportation, is expanding its solar business by entering the growing refrigerated trailer market with Sono Solar Technology. own, to further reduce global fossil fuel emissions. The company has signed a purchase agreement with The Reefer Group, a leading global manufacturer of cryogenic structures, to expand the total number of partners of Sono Motors’ solar business to more than 17 globally. As part of this collaboration, the two companies will build their first trailer with CHEREAU SAS, a subsidiary of France’s Reefer Group, to conduct extensive testing to assess the technical and economic feasibility of integrating a customized solar power solution for a large-scale series vehicle. Solar integration of the trailer refrigeration unit will provide an additional 9.8 kW of capacity, providing a potential fuel economy of approximately 3,400 liters (up to 8,475 in peak conditions) and potentially reducing domestic CO2 emissions by approximately 9 tons per year per vehicle compared to trailers with refrigerated units operating Diesel.1

“This partnership is a huge step for Sono Motors, as we open up a whole new industry for our highly flexible and proprietary Sono Solar technology. We offer a lightweight and adaptable platform that is ideal for refrigerated trailers and allows customers in the transportation industry to reduce costs and emissions across their fleet. We are extremely pleased To allow us to collaborate with such a respected manufacturing partner as CHEREAU and be able to work with them to create a more sustainable future,” says Lauren Hahn, Co-Founder and CEO of Sono Motors.” We look forward to all the opportunities this can create partnership”.

“Sono Motors’ solar integration solutions are the perfect solution for our trailers. We are pleased to be able to work with Sono Motors to create the future prototype that will be part of our pilot fleet of sustainable refrigerated trailers. This is a huge step towards making commercial mobility more sustainable and reducing emissions,” says Damien Destremau, CEO of The Reefer Group and CHEREAU.

Solar Trailer Premiere at IAA Transportation 2022

Sono Motors will outfit the roof and sides of an existing CHEREAU trailer with 54 solar modules using a VaPV (Vehicle Applied Photovoltaic) process developed specifically for use in cargo box vehicles such as the CHEREAU Refrigerated Trailer. The automotive grade high-efficiency solar modules cover an area of ​​58.9 square meters and will provide up to 9.8 kW of maximum power at peak performance. Solar energy will be used to power the cooling unit by charging the battery. This potentially saves approximately 3,400 liters of fuel and offers the potential to reduce domestic CO2 emissions by about 9 tons per year per vehicle, compared to trailers equipped with diesel refrigeration units. Solar “backpack CO2” trailers, that is, emissions from production, once amount to approximately 6.5 tons of CO2 and can be offset after a short operating time of less than one year. The trailer’s planned premiere at IAA Transportation 2022 in Hanover will be followed by extensive testing during a multi-month field trial by a CHEREAU customer in France. Part of the testing process is to validate figures for energy revenue and fuel savings that are based on internal calculations including weather and system efficiency assumptions.

Optimized solar technology for sequential integration

For mass production of chains, Sono Motors develops its unique solar technology on refrigerated trailers. According to the innovative technology, it is possible to achieve energy savings of up to 80% compared to diesel.2

Significant market potential for cryogenic solar technology

The market for refrigerated trailers is expected to grow strongly due to the increasing demand for pharmaceuticals, frozen goods and fast food. In addition, fuel costs are rising and price pressures are rising. Sono Motors works to counter increasing fuel costs and CO2 emissions with efficient solar energy.

Sono Solar – Sono Motors’ solar business unit – is a one-stop shop for in-vehicle solar energy integration, with a mission to make every vehicle a solar powered vehicle. Its solar technology has been developed to enable seamless integration into different types of vehicles to reduce the impact of carbon dioxide emissions and pave the way for climate-friendly mobility. Sono technology is suitable for integration into existing vehicles as well as for production-ready development and integration into new vehicles during production. Known for its polymer-based solar technology, Sono Motors develops various technology solutions suitable for different vehicle bodies such as trucks, trailers, vans or buses.

Sono Motors has already signed more than 17 commercial contracts with companies such as MAN, easyymile and Münchner Verkehrsgesellschaft (Munich Transport Company – MVG). A complete Sono Solar solution includes a customized concept including solar modules, power electronics, information and data technologies, mechanical and electrical integration as well as after sales services.

ABOUT SONO MOTORS

Sono Motors is on a pioneering mission to accelerate the mobility revolution by making every vehicle solar-powered. Its disruptive solar technology has been developed to enable seamless integration into all types of vehicles to reduce the impact of carbon dioxide emissions and pave the way for climate-friendly mobility.

Sono Motors is developing the world’s first Solar Electric Vehicle (SEV) for the masses, the Sion. Backed by a strong community, Sono Motors has collected over 17,000 bookings with Sion prepaid. These vehicles will be produced through contract manufacturing.

Sono Motors’ solar technology is designed to enable integration and licensing of a wide variety of vehicle structures beyond Sion, such as buses, trailers, trucks, campers, trains and boats.

ABOUT CHEREAU

Specializing in the design and manufacture of refrigerated vehicles, CHEREAU has been recognized by the entire profession for the high quality, longevity and first-class performance of its products.

A European specialist in refrigerated semi-trailers and tankers, CHEREAU stands out for its policy of continuous innovation and for its durable, custom-made refrigerated chassis for trucks. They are at the service of the most demanding carriers and the products for which they are responsible.

As the first European manufacturer specialized in heavy refrigerated vehicles, CHEREAU meets all the needs of road transport companies: frozen foods, pharmaceuticals, etc., and offers various types of vehicles (semi-trailers, solids and other bodies).

In 2021 CHEREAU produced 3,600 cars, including 3,000 trailers.

Media contact

Christian Schekenbach | Mobile: 18050132 176 (0) 49+
E-mail: press@sonomotors.com | website: www.sonomotors.com/press

Aurore Leroyer I Mobile: +33 (0) 66 5558078
E-mail : aurore.leroyer@chereau.com I site: www.chereau.com

forward-looking statements

This press release contains forward-looking statements. The words “expect,” “expect,” “intend,” “plan,” “estimate,” “goal,” “expect,” “project,” “goal,” “will,” and similar (or negative) expressions identify some of these statements. forward-looking. These forward-looking statements are statements regarding the Company’s current intentions, beliefs or expectations. Forward-looking statements involve known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the Company’s actual results, performance or achievements to be material. differ from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to (i) the impact of the global COVID-19 pandemic on the global economy, our industry and markets as well as our business, (ii) risks relating to our limited operating history, the start-up of our business and the timing of anticipated business milestones including our ability to complete engineering of our vehicles and commencement of production on time and budget and risks related to future results of the operation, (iii) risks related to our unproven ability to develop and produce vehicles with expected or stated specifications including scope and risks related to financing required, (iv) risks relating to our ability to generate income from our solar technology, (v) risks related to the uncertainty of expected financial information in connection with our business including converting reservations into binding orders, (vi) the effects of competition and the pace and depth of adoption of the electric vehicle in general and our vehicles in particular about our future business and ( 7) Changes in regulatory requirements, government incentives, and fuel and energy prices. For additional information regarding certain risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to the factors discussed under the caption “Risk Factors” in our final prospectus under Rule 424(b) submitted to the US Securities and Exchange Commission ( “SEC”) on November 18, 2021 in connection with our initial public offering as these factors may be updated from time to time in our other files with the SEC, which can be accessed on the SEC website at www.sec.gov and on our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors outside the company’s ability to control or judge accurately, such as the actions of regulators and other factors. Readers should therefore not rely unduly on these statements, particularly in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking statements.

______________________

1 Based on internal calculations, including system efficiency and weather assumptions.
2 Based on internal calculations, including system efficiency and weather assumptions.

An accompanying image is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8a02780-b1f1-4de0-9d88-29c3042f387c

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