Digipath
Home > Boards > US OTC > Miscellaneous >

2050 Motors Inc. (ETFM)

ETFM RSS Feed
Add ETFM Price Alert      Hide Sticky   Hide Intro
Moderator: TheAnnointedOne
Search This Board: 
Last Post: 1/23/2019 3:16:40 PM - Followers: 74 - Board type: Free - Posts Today: 19


 

2050 Motors Inc. (Stock

Symbol ETFM)










This is the damage on the e-Go after a 35MPH crash test:





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  :     https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12389983

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.2050motors.com/photoshoot.html


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






 
Digipath
ETFM
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
ETFM News: Quarterly Report (10-q) 10/11/2018 04:39:37 PM
ETFM News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/15/2018 03:58:03 PM
ETFM News: Information Statement - All Other (definitive) (def 14c) 08/14/2018 06:13:50 AM
ETFM News: Quarterly Report (10-q) 08/03/2018 06:07:52 AM
ETFM News: Proxy Statement - Other Information (preliminary) (pre 14c) 08/01/2018 02:38:10 PM
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#1832   449M OS no brainer itztooez 01/23/19 03:16:40 PM
#1831   7s about gone itztooez 01/23/19 03:15:43 PM
#1830   Not many 6s! wedman 01/23/19 03:06:46 PM
#1829   Getting loaded clearly for a big move itztooez 01/23/19 03:06:00 PM
#1828   Sooo thin. Thin enough to easily be another NubLife 01/23/19 02:12:43 PM
#1827   This things super clean. Been watching for weeks, TheAnnointedOne 01/23/19 02:12:25 PM
#1826   Moving? TheAnnointedOne 01/23/19 02:11:04 PM
#1825   aint that big! will we touch the 8 today? mrglobal 01/23/19 02:10:41 PM
#1824   ETFM .0007 $treet Trader 01/23/19 02:09:07 PM
#1823   let's see the 7 filled up YEA mrglobal 01/23/19 02:09:00 PM
#1822   Let's see the breakout! mrglobal 01/23/19 02:06:11 PM
#1821   ETFM .0007 up $treet Trader 01/23/19 02:04:31 PM
#1820   ETFM .0006 just thinned out!!!!!!! $treet Trader 01/23/19 01:45:35 PM
#1819   Nice buy just now ! wedman 01/23/19 01:17:09 PM
#1818   ETFM .0006 tapola , lets see those blocks $treet Trader 01/23/19 01:05:22 PM
#1817   ETFM maxm left $treet Trader 01/23/19 09:59:24 AM
#1816   ETFM .0005 x .0006 looks ready to run $treet Trader 01/23/19 09:58:20 AM
#1815   Hummm !! wedman 01/23/19 09:48:38 AM
#1814   ETFM .0005 only maxm left $treet Trader 01/23/19 09:45:37 AM
#1813   Not to say that this couldn’t be a LobsterMaine 01/22/19 06:28:44 PM
#1812   Massive dilution and .0001 would be a good start LobsterMaine 01/22/19 06:26:34 PM
#1811   Any predictions? nas9709 01/22/19 02:23:51 PM
#1810   yes holding ETFM $treet Trader 01/22/19 02:15:51 PM
#1809   you still in The Night Stalker 01/22/19 02:14:19 PM
#1808   This one is definitely interesting. xlogit3k 01/21/19 05:05:51 PM
#1807   I'm in the JPE* run. As soon as NubLife 01/21/19 05:02:23 PM
#1806   Certainly without a doubt. TheAnnointedOne 01/20/19 12:06:14 AM
#1805   if JPEX shell runs big based on SS The Night Stalker 01/19/19 10:53:33 PM
#1804   To the moon!!! LobsterMaine 01/07/19 09:23:52 PM
#1803   1.5 k we got a big spender today!!! LobsterMaine 12/28/18 10:46:21 AM
#1802   We should be getting information on the shareholder nas9709 12/27/18 09:03:31 AM
#1801   Nice size at 5 Wonder who bought that much! mrglobal 12/26/18 03:36:13 PM
#1800   Not happy to see 3's on the ask nas9709 12/18/18 03:44:34 PM
#1799   Sleeping giant. Structure is phenomenal, with the right TheAnnointedOne 12/07/18 04:44:29 PM
#1798   Hopefully the update at the beginning is optimistic. nas9709 12/07/18 01:12:56 PM
#1797   Yea it is amazing structure mrglobal 12/04/18 03:48:50 PM
#1796   Exciting to see when the meeting will be TheAnnointedOne 12/04/18 10:39:24 AM
#1795   Yea I'm holding it on 5 mrglobal 12/03/18 10:53:54 AM
#1794   Yes sir. Very low key here, best time TheAnnointedOne 12/03/18 10:27:48 AM
#1793   Agreed. Waiting on the company for the current nas9709 11/27/18 08:36:50 PM
#1792   Weed craze causing this one to be overlooked. TheAnnointedOne 11/27/18 03:40:54 PM
#1791   Thank you for your reply Sterling. Please keep nas9709 11/20/18 11:57:52 AM
#1790   That is why I hold a little bit wedman 11/20/18 11:21:40 AM
#1789   Thanks Sterling. I have seen worse, too. This reces 11/20/18 09:14:59 AM
#1788   reces, respectfully, with ETFM... stervc 11/20/18 08:41:12 AM
#1787   Stervc, Is it me or does their balance sheet reces 11/19/18 08:40:20 PM
#1786   nas9709, with an ETFM Valuation... stervc 11/19/18 08:59:43 AM
#1785   Price targets? nas9709 11/19/18 08:47:32 AM
#1784   lool i can give you 1 million reasons, firad 11/18/18 03:36:10 AM
#1783   NubLife, with your ETFM thoughts... stervc 11/17/18 09:05:15 AM
PostSubject