May 10 (SeeNews) - Bulgarian electric vehicle (EV) manufacturer Sin Cars Industry [BUL:SIN] has received four orders for the delivery of its L City EV so far this year, which will generate a revenue of over 400,000 levs ($224,130/204,516 euro), it said on Wednesday.
An L City Koffer vehicle was delivered to an EV dealership in western Germany, Sin Cars said in a bourse filing. The dealership has expressed interest in becoming the official distributor of the L City model for Germany and negotiations are underway.
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Another L City Koffer was delivered to a customer in Munich, operating a delivery business under the franchise of a large German company.
Sin Cars is set to deliver a third L City Koffer to a customer in the UK who is also interested in becoming an official distributor for England. Lastly, an electric L City Pickup will be delivered to a large manufacturing company in the automotive industry to use for its operations in the Bulgarian city of Ruse.
Sin Cars expects to fulfil the remaining two orders by the end of the first half of 2023, it added.
In February, the company said that it had finalised two sales of the L City EV in 2022 for the total amount of 156,000 levs and expects to deliver a further ten vehicles by the middle of 2023.
As of 1230 CET on Wednesday, shares in Sin Cars traded 8.72% higher at 0.81 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)