Sono Group NV (SEVCQ)

[CrocHntr]

We know the Chinese Joint Venture is worth $2.2m first year (and hopefully leads to some huge growth in the future), but I'm also excited about some of the domestic opportunities in the on-road sector. In Q3, sales in the 4-wheel on-road sector were up 54% and were primarily attributed to a company called XL Hybrids, a U.S. based manufacturer of hybrid powertrain conversion systems for commercial vans and trucks.

I looked a little more into XL Hybrids, and they seem to be growing by leaps and bounds. They provide a conversion product that can be used with existing gas powered vans/trucks that increases mileage by approximately 25%. An install takes about 6 hours per vehicle, and they have some large existing customers (FedEx, Coca Cola, etc). In early October, XL received a California Air Resources Board "Executive Order" approval allowing aftermarket conversions of gasoline-powered 2012-2014 model year General Motors 2500 and 3500 vans, Chevrolet Express and GMC Savana vans into hybrid electric vehicles (which is a big deal for California). Here's an article that discusses the potential: XL Hybrids

Since Sevcon provides controls to XL Hybrids, I'm assuming this could be a boon for them as well.

Also, there was a good Seeking Alpha article on Sevcon found here:
Sevcon Overlooked Play