SureTrader
Home > Boards > US OTC > Miscellaneous >

2050 Motors Inc. (ETFM)

ETFM RSS Feed
Add ETFM Price Alert      Hide Sticky   Hide Intro
Moderator: rjbluesky
Search This Board: 
Last Post: 1/18/2018 10:22:46 AM - Followers: 26 - Board type: Free - Posts Today: 2


 

2050 Motors Inc. (Stock Symbol 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  :     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"






 
SureTrader
ETFM
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
ETFM News: Proxy Statement - Other Information (preliminary) (pre 14c) 06:07 AM
ETFM News: Quarterly Report (10-q) 11/17/2017 01:26:22 PM
ETFM News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/14/2017 03:50:57 PM
ETFM News: Quarterly Report (10-q) 08/21/2017 03:12:54 PM
ETFM News: Information Statement (definitive, Revised) (defr14c) 08/18/2017 06:16:12 AM
News News Alert: Proxy Statement - Other Information (preliminary) (pre 14c) 01/18/2018 06:07:38 AM
PostSubject
#857  Sticky Note 2050 Motors Proceeds One Step Closer To The rjbluesky 12/15/17 03:28:57 PM
#896   NOTICE IS HEREBY GIVEN that the following action Mean Weimaraner 01/18/18 10:22:46 AM
#895   Hope news drops soon or update progress. Maple tree 01/18/18 09:17:10 AM
#894   One of Chinese EV cars is ready to Maple tree 01/16/18 10:10:02 AM
#893   Stop sign scam owns ETFM link? Thanks for sharing. Mean Weimaraner 01/15/18 08:04:36 PM
#892   Be patient and keep faith in this stock. Maple tree 01/12/18 09:17:53 AM
#891   Slow day today and wait for news and Maple tree 01/10/18 03:27:32 PM
#890   I am a big believer in the EV CommonCents3 01/09/18 10:12:16 PM
#889   Not anymore! Should be good looking at thugnificent 01/09/18 07:49:05 PM
#888   I am only person in this board now. Maple tree 01/09/18 07:35:56 PM
#887   I will have to keep a close eye thugnificent 01/09/18 05:41:43 PM
#886   Good time to buy. Actually, I added 100k Maple tree 01/09/18 05:40:31 PM
#885   Don't worry, and it will go up much Maple tree 01/09/18 04:13:18 PM
#884   Hello etfm welcome to subs...for now thugnificent 01/09/18 01:58:41 PM
#883   Update could come out anytime and SP will Maple tree 01/09/18 11:05:40 AM
#882   Update about leasing or progress of car assembling Maple tree 01/07/18 10:12:14 AM
#881   China also pushes EV for trucks and other Maple tree 01/07/18 10:00:41 AM
#880   https://arstechnica.com/cars/2018/01/2017-was-the-best-year-ever-for-electric-ve Maple tree 01/04/18 08:19:32 PM
#879   Solid movement Maple tree 01/04/18 02:35:26 PM
#878   Nice buy action and it is a accumulating stage. Maple tree 01/03/18 03:16:55 PM
#877   Ridiculous selling Maple tree 01/03/18 01:49:05 PM
#876   Aoxin is a mulitibillion EV car enterprise, and Maple tree 01/03/18 12:13:05 PM
#875   Watch 2050 Motor and Aoxin manufacture facility: Maple tree 01/03/18 12:09:53 PM
#874   Keep loading and it will go much higher. Maple tree 01/03/18 09:51:46 AM
#873   Again, SP is manipulated by either MMs or others. Maple tree 01/02/18 07:41:18 PM
#872   Hope ETFM will make us richer. Market Cap Maple tree 01/02/18 01:07:06 PM
#871   Next news will send SP much higher. In Maple tree 01/02/18 09:46:42 AM
#870   It seems MMs manipulate price low and how Maple tree 12/29/17 04:52:54 PM
#869   Expect lease signed next Monday or a major news. Maple tree 12/29/17 03:24:17 PM
#868   Aoxin is a mulitibillion enterprise and has not Maple tree 12/29/17 09:52:08 AM
#867   Seriously look at how strong eGO EV car Maple tree 12/29/17 09:39:11 AM
#866   Train is ready to leave but my boat Maple tree 12/28/17 04:50:05 PM
#865   EV car sale will be skyrocketed by 2020. Maple tree 12/28/17 11:56:51 AM
#864   Market Cap is around $500Ks and it is Maple tree 12/27/17 04:12:45 PM
#863   Did some DD, and found more information about Maple tree 12/27/17 11:52:26 AM
#862   Seems dumping is done and buyers get in. Maple tree 12/27/17 10:26:25 AM
#861   Either company or people getting free or cheap Maple tree 12/22/17 08:14:26 PM
#860   Seems people are dumping like crazy Maple tree 12/22/17 11:27:44 AM
#859   Hopefully that is in the works per the rjbluesky 12/22/17 11:24:22 AM
#858   How is crush test result? If not passed, Maple tree 12/22/17 11:19:58 AM
#857   2050 Motors Proceeds One Step Closer To The rjbluesky 12/15/17 03:28:57 PM
#856   'Mr. Hu stated that managerial planning work is rjbluesky 12/15/17 03:18:22 PM
#855   Would like to see the contract from this rjbluesky 12/15/17 03:14:05 PM
#854   Interesting photos from the company's recent visit to rjbluesky 12/15/17 03:08:37 PM
#852   ETFM = LIARS. Lies Lies Lies Lies RenegadeOnTop 10/24/17 09:38:54 AM
#851   Great article if you believe lies!!! RenegadeOnTop 10/23/17 10:42:24 AM
#850   Michael Hu or Michael Who? RenegadeOnTop 10/23/17 10:41:27 AM
#849   George Hedrick said crash test and DOT were RenegadeOnTop 10/23/17 10:36:53 AM
#847   it will look better over here Natural Trader 10/18/17 02:50:54 PM
#846   nothing is up,they will keep posting new PR firad 10/17/17 02:52:21 AM
#845   will send email to George Hedrick see what's up Natural Trader 10/16/17 07:59:59 PM
PostSubject