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2050 Motors Inc. (ETFM)




About 2050 Motors, Inc.

2050 Motors, Inc. ( http://www.2050motors.com and http://www.etfm.com), is a publicly traded company

incorporated in Nevada in 2012. 2050 Motors was founded to develop and produce the next generation of clean,

lightweight, efficient vehicles and its associated technologies. Some of these technologies include alternative renewable

fuels, hybrid electric vehicles, advanced graphene lithium batteries and carbon fiber low cost vehicles. 2050 Motors has

been successful in forming long term relationships and exclusive contracts for a variety of game changing technologies.

2050 Motors entered into an agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd., located in Jiangsu,

China, for the distribution in the United States of a new electric automobile, known as the e-Go EV (electric vehicle).

The e-Go EV is a revolutionary new concept in the ever evolving world of electric vehicles. It will be the only production

line electric car with a carbon fiber body and parts manufactured by a new process using robotic machines which

significantly reduces the fabrication time and cost of carbon fiber components. The e-Go EV will seat four passengers,

have a long battery life, and high energy efficiency rating up to 150+ MPG-E energy equivalent in urban driving due to

the light weight of the vehicle. The five passenger carbon fiber luxury sedan Ibis EV, the e-Go's big brother, will also be

showcased along with the e-Go EV for future sales in the United States. See videos of completion of the e-Go EV

manufacturing plant at https://www.youtube.com/watch?v=wih8_xxZNgA and the unveiling of the e-Go EV at the

2014 Shanghai Auto Show http://www.2050motors.com/shanghaishow.html . The company is fully reporting under

the SEC EDGAR system.






Business Description

2050 Motors, Inc., is a development stage public company formed to import, market, and sell electric cars

manufactured in China. 2050 Motors has entered into an agreement with Jiangsu Aoxin New Energy

Automobile Co., Ltd., located in Jiangsu, China, for the distribution in the United States of a new electric

automobile, known as the e-Go EV.




 


Most recent filing:

2050 MOTORS, INC.

FORM 10-Q (Quarterly Report)

Filed 11/16/15 for the Period Ending 09/30/15  :       http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11012670

Address 3420 BUNKERHILL DRIVE

LAS VEGAS, NV 89032

Telephone 702-591-6029

CIK 0000867028

Symbol "ETFM"





Recent Updates:

http://finance.yahoo.com/news/2050-motors-inc-announces-carbon-130244741.html

2050 Motors, Inc. Announces All Carbon Fiber Electric E-Go Passes Frontal Crash Test With Impressive

Results

2050 Motors, Inc. carbon fiber electric e-Go passes front crash test with impressive results and discusses

plans for United States assembly facility.

 

LAS VEGAS, Feb. 12, 2016 (GLOBE NEWSWIRE) -- via PRWEB - Michael Hu, President of 2050 Motors, Inc.

(ETFM), announced today that the first all carbon fiber electric vehicle (the e-Go EV) has commenced crash

testing in China and has successfully passed the frontal crash test with amazing results.

 

The crash tests are being conducted according to European, Japanese and Chinese crash test standards. A

GIF file of the actual moving sequence of an e-Go car in a frontal crash test at 35 miles per hour in slow

motion reveals that the vehicle substantially returned to its original shape after the test. A photograph of the

front of the vehicle shows minimal damage after the test. The amazing sequence can be viewed at

http://www.2050motors.com/cars.html A more complete report on the crash tests will be announced in a

separate press release.

Mr. Hu commented on the results, "This means that the carbon fiber body absorbed the full force of the collision and

returned to its original shape. I believe that no other automobile for the consumer market has ever displayed such a

frontal crash resilience and shock absorbance of energy."

 

Mr. Hu further stated, "In 2015, the e-Go was re-engineered through extensive state-of-the-art computer crash test

analysis. Then, 22 demo e-Go vehicles were delivered to the Chinese government for months of testing to obtain the

production and export permits for the Yancheng automobile plant."

 

Later this year, 2050 Motors will proceed with the US DOT (Department of Transportation) crash test program for the

e-Go before it can be sold in the United States.

 

2050 Motors will initially sell and distribute the e-Go built from the Yancheng plant in China and then later start

assembly of the e-Go in Las Vegas, Nevada. The construction plans for the 2050 Motors assembly facility in the United

States have been progressing for many months and will create numerous high paying jobs. Please see the press

release dated January 20, 2016 titled "2050 Motors, Inc. Announces Launch of New Corporate Website Including Job

Creation Plans" for further info.



 

LICENSE AGREEMENT
 

In 2012 and 2013, the Company made a total payment of $50,000 and signed an exclusive license agreement

with Aoxin to import, assemble and manufacture the
advanced carbon fiber electric vehicle, the e-Go EV

  model. The cost of this license agreement has been recognized as a long-term asset and is evaluated, by

 

management, for impairment losses at each reporting period.

 

 

COMMITMENTS AND CONTINGENCIES
 

In November 2013, the Company signed a new facility lease. The monthly lease amount is $2,400. The lease term

commenced on December 15, 2013 and will
expire on December 31, 2015.
 

Effective September 16, 2015, the Company renewed its residential lease agreement in California for its traveling

consultants. Effective September 2015, the
Company extended the lease agreement for one more year with a new

monthly amount of $2,300. The lease expires on September 15, 2016.

 

Effective March 1, 2014, the Company signed a four thousand square feet of industrial space in North Las Vegas. The

term of the lease is for three years and cost
$2,200 per month.
 

Rent expense was $21,807 and $66,920 for the three and nine months ended September 30, 2015. Rent expense was

$19,500 and $51,900 for the three and nine
months ended September 30, 2014.
 

According to the license agreement signed between the Company and Aoxin, in order to maintain exclusive rights for

the United States (US), the Company is
required to purchase and sell certain amount of e-Go EV model vehicles per

year for a certain period of time starting from the completion of the requirements
established by the United States

Department of Transportation’s protocols for the e-Go EV model.


The table below demonstrates the required amount of vehicles
that the company needs to sell per year.
 

First year          2,000

Second year     6,000

Third year       12,000

Fourth year     24,000

Fifth year        48,000
======================

5 Year Total    92,000


 

As part of the license agreement, the Company is committed to pay expenses related to any required

airbag testing procedures. The cost of these airbags could be
as little as $500,000 or as much as $2

million.




2050 Motors has purchased three prototype test models for delivery into the United States. One will

undergo an advanced crash test known in the Automobile Safety Industry as the “overlap crash test”

designed by the Insurance Institute for Highway Safety. The other two will be used for marketing and

sales purposes. Actual production line models are not expected to be deliverable until year 2016.





2050 Motors, Inc. announces the arrival of the first e-Go EV car.

The Ibis electric luxury sedan will arrive soon afterward and both

vehicles will be showcased in Las Vegas with impressive

warranties.







The "IBIS"
 

Contender to Tesla's Model S

 



http://www.2050motorsinc.com/



https://www.youtube.com/embed/9FytmulNSrA

 
 
 
 






The "e-Go" EV

Just passed frontal crash testing in China!

 
The e-GO EV Carbon Fiber Electric Vehicle Safety Standards of Carbon Fiber Electric Vehicle


Follow Link to video's of the e-Go and crash test:


 





 
Why buy the E-Go EV?
 
  • Most Efficient Production Car Ever Built

    Range of 200 Miles or More


    30 Minutes for Half Full Battery Charge, 4 to 8 Hours for Full Battery Charge Depending on System

    150 Miles per Gallon Energy Equivalent

    Only Carbon Composite Fiber Production Vehicle Ever Built at Affordable Prices

    Carbon Fiber Body is Five Times Stronger than and One Third the Weight of Steel

    1400 lbs. Total Weight is Less Than Half of Comparable Vehicles

    Seating for Five Passengers

    High Energy Lithium Battery Pack  with Over Three Times the Life of Any Other in its Class

    Most Affordable Car to Operate: No Tune Ups, Smog Checks or Oil Changes

    Race Car Suspension Handling and Regenerative Brakes

    Complimentary Roadside Service

    Advanced Navigation System

    "A Renew Earth Vehicle"






 
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ETFM
Current Price
Volume:
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SureTrader
ETFM News: Quarterly Report (10-q) 08/19/2016 02:43:38 PM
ETFM News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/15/2016 05:13:24 PM
ETFM News: Current Report Filing (8-k) 07/01/2016 12:34:31 PM
ETFM News: 2050 Motors Secures 10 Million Dollar Equity Purchase Agreement For Auto Assembly Plant 06/29/2016 10:12:00 AM
ETFM News: Quarterly Report (10-q) 05/23/2016 06:13:48 AM
PostSubject
#767   Now it is accumulating stage. Don't know when Maple tree 09/09/16 08:54:52 PM
#766   That time you're really hoping for your long UserAlias1 08/29/16 02:26:27 AM
#765   This may not happen in foreseeable future because Maple tree 08/18/16 06:57:50 PM
#764   Youch!!!! I suppose I can average down..... :( Popeye 08/17/16 09:01:07 PM
#763   Come on new 52wk lows!!! Take her down TheInvincibleBull 08/15/16 12:47:17 PM
#762   .09x.10 above average volume but going the wrong direction TheInvincibleBull 07/25/16 11:05:17 AM
#761   when will USA crash testing take place? Rjlcustoms 07/22/16 11:37:16 AM
#760   when will USA crash testing take place? Rjlcustoms 07/22/16 11:37:14 AM
#759   Anybody have any news? Rjlcustoms 07/22/16 06:34:38 AM
#758   14,743 trade hit before open? Might be something up? TheInvincibleBull 07/11/16 09:06:37 AM
#757   Break .15 and this runs. Imo TheInvincibleBull 07/08/16 11:18:40 AM
#756   Did you see the video on how strong TheInvincibleBull 07/08/16 09:13:57 AM
#755   Looking good here! Quietly about to go Boom!! GLTA Popeye 07/08/16 01:22:37 AM
#754   $ETFM let's go TheInvincibleBull 07/07/16 12:21:48 PM
#753   10/50sma golden cross weeeee TheInvincibleBull 07/07/16 09:47:18 AM
#752   Let's make him regret selling at .13 and TheInvincibleBull 07/07/16 09:34:04 AM
#751   Finally that almost 12k hand is out TheInvincibleBull 07/07/16 09:31:36 AM
#750   It's soon. I will find it. The European Popeye 07/06/16 02:16:22 PM
#749   .148 up!! Let's go!!! The crash test should TheInvincibleBull 07/06/16 01:43:19 PM
#748   $ETFM the 10sma & 50sma getting ready to TheInvincibleBull 07/06/16 12:01:58 PM
#747   Finally some volume. Let's go Bulls TheInvincibleBull 07/06/16 11:05:37 AM
#746   I can't remember but the US crash test TheInvincibleBull 07/06/16 09:51:46 AM
#745   Get this little guy at .1362 out and TheInvincibleBull 07/06/16 09:45:59 AM
#744   Nice bids starting to come in TheInvincibleBull 07/05/16 12:42:26 PM
#743   $ETFM .18/sh next resistance to break TheInvincibleBull 07/05/16 11:28:35 AM
#742   $ETFM only has around $4.3 mill market cap. TheInvincibleBull 07/05/16 10:35:09 AM
#741   Watch this $ETFM video. Looks like this company TheInvincibleBull 07/05/16 10:25:15 AM
#740   $ETFM Daily Chart $Pistol Pete$ 07/01/16 12:46:24 PM
#739   8k out TheInvincibleBull 07/01/16 12:40:40 PM
#738   Very cheap. They get crash testing approved it Popeye 07/01/16 12:05:49 PM
#737   33mill o/s at $1 is only $33mill market TheInvincibleBull 07/01/16 09:56:43 AM
#736   $ETFM the new $TSLA :) imo TheInvincibleBull 07/01/16 09:36:27 AM
#735   Ask is thin. Get some buying pressure and TheInvincibleBull 07/01/16 09:35:43 AM
#734   $ETFM chart is looking extremely bullish and love TheInvincibleBull 07/01/16 07:25:30 AM
#733   $ETFM finances $10M with-known-TOXIC-financier Southridge-Partners. Expect MASSIVE-DILUTION:[/ UserAlias1 07/01/16 06:46:02 AM
#732   Shhhh. While I load.... Popeye 06/30/16 05:37:03 PM
#731   I like this play. Popeye 06/30/16 05:36:02 PM
#730   $ETFM still my long term favorite stock. Let's TheInvincibleBull 06/30/16 10:23:47 AM
#729   $ETFM 2050 Motors Secures 10 Million Dollar Equity $Pistol Pete$ 06/29/16 10:23:09 AM
#728   .10 02opida 06/07/16 01:10:58 PM
#727   Business Description 02opida 06/05/16 06:30:10 PM
#726   nice Pete 02opida 06/05/16 06:28:26 PM
#725   http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=etfm&insttype=&f 02opida 06/05/16 06:27:53 PM
#724   2016-05-20 09:00 ETFM News Release 2050 Motors, Inc. 02opida 06/05/16 06:27:06 PM
#723   http://www.2050motors.com 02opida 06/05/16 06:26:05 PM
#722   8 cars will be used for crash tests Ready now 05/23/16 11:33:24 AM
#721   As I understand it there are 20 cars Ready now 05/23/16 11:32:31 AM
#720   This stock should be getting a lot of thermal164 05/22/16 06:15:35 PM
#719   Right before they raise cash and dilute lol. UserAlias1 04/30/16 06:55:43 PM
#718   "Looks like someone is wanting ETFM not to RiverNorth 04/27/16 12:11:24 PM
PostSubject