Frequently Asked Questions

Frequently Asked Questions

Below we’ve put together the most important information regarding Sono Motors. You can catch up on the latest news in our newsletter – feel free to subscribe here.

Protective Shield Proceeding

There is a legal prohibition against paying old liabilities of the company. This means that it is currently not possible to refund your advance payments made up to and including May 15, 2023. Your claim will be taken into account accordingly as part of the restructuring plan to be drawn up. We ask for your patience and will keep you informed.

In the event of a sale of the SION program, the purchase price will initially flow into Sono Motors GmbH and will thus be available to all creditors for satisfaction of  claims. The extent to which advance payments made are taken over by the purchaser depends on the purchaser. 

Due to the filing of the application for a protective shield proceeding, the 3-part repayment plan cannot be implemented as planned. Your repayment claim will be taken into account in the restructuring plan to be drawn up.

At this point in time, there is no need for action on your part. After the proceedings have been opened, you will be asked separately by the administrator to register your claims, and at that time you can register your claims with the administrator. The proceedings are expected to be opened on August 1, 2023.

Unfortunately, we cannot tell you at this point in time exactly when and in what amount a payment can be expected. This can only be determined after the proceedings have been opened and the claim has been filed. We will keep you informed about this.

All insolvency creditors are treated equally. There are no preferences within the group of insolvency creditors (which includes the SION reservation holders). To the extent any individual creditors have security interests, these will be given priority for reasons of insolvency law.