Cannabis Report
Home > Boards > US OTC > Miscellaneous >

2050 Motors Inc. (ETFM)

Add ETFM Price Alert      Hide Sticky   Hide Intro
Moderator: Orangeman3, BERKSHIRE AGENT , The raging bull, Almost A Myth
Search This Board: 
Last Post: 5/23/2018 8:46:13 PM - Followers: 52 - Board type: Free - Posts Today: 0


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. ( and, 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 and the unveiling of the e-Go EV at the

2014 Shanghai Auto Show . 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:


FORM 10-Q (Quarterly Report)

Filed 11/16/15 for the Period Ending 09/30/15  :



Telephone 702-591-6029

CIK 0000867028

Symbol "ETFM"

Recent Updates:

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


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 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.



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.




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


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


The "IBIS"

Contender to Tesla's Model S
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"

Cannabis Report
Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
ETFM News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/16/2018 03:46:33 PM
ETFM News: Amended Annual Report (10-k/a) 04/20/2018 06:07:53 AM
ETFM News: Annual Report (10-k) 04/18/2018 06:07:36 AM
ETFM News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/02/2018 03:33:08 PM
ETFM News: Current Report Filing (8-k) 02/21/2018 06:08:57 AM
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
#916  Sticky Note TY.. New ceo announced few days ago. Werbe 02/02/18 11:49:02 AM
#1300   What that?!!? Etfm news!!!??? No... Just the wind again... LobsterMaine 05/23/18 08:46:13 PM
#1299   Tesla's cars failed to get a "BUY" rating, SmokeSignals 05/21/18 11:53:45 PM
#1298   Anyone hear anything at all going on with this? LobsterMaine 05/21/18 06:05:53 PM
#1297   Juicy Beef $$ slickinvest 05/21/18 03:27:37 PM
#1296   Waiting for some Beef here..;) Obi_Trend_Kenobi 05/19/18 07:33:57 PM
#1295   #TRUE ! lol NYSal 05/18/18 10:27:56 AM
#1294   Yeah -- New Car Scent of cars that NYSal 05/18/18 10:27:36 AM
#1293   Have been gone for a while Looks like Orangeman3 05/17/18 08:38:38 PM
#1292   What id do for an article in popular LobsterMaine 05/16/18 09:40:24 AM
#1291   Looking really good, lotsa buys$$ slickinvest 05/16/18 07:31:01 AM
#1290   Smells Nice here blindjohn 05/15/18 01:40:22 PM
#1289   So even if there were a product , tmp118 05/12/18 10:40:32 AM
#1288   What a piece Uboat 05/09/18 01:57:40 PM
#1287   Because the cars really never actually exist... lol NYSal 05/08/18 10:16:51 AM
#1286   Watching and waiting OrangeShovel 05/07/18 06:12:28 PM
#1285   I agree. undrtkrlw 05/07/18 03:47:10 PM
#1284   Not bad, wonder why more folks aren't on NoWammiesSTOP! 05/07/18 03:46:20 PM
#1283   From 10k undrtkrlw 05/07/18 03:45:35 PM
#1282   Just came across this one. Anyone want to NoWammiesSTOP! 05/07/18 02:54:06 PM
#1281 SmokeSignals 05/06/18 12:23:55 PM
#1280   China & U.S. making nicey nice will be copesjc 05/04/18 05:11:07 PM
#1279   any news. Not specific, lol Uboat 05/03/18 08:47:14 PM
#1278   What news are we expecting screen shot 05/03/18 05:44:54 PM
#1277   Where's the news? Uboat 05/03/18 04:36:41 PM
#1276   Just a little volume moves this up quickly ! wedman 05/03/18 09:52:55 AM
#1275   .007-- James Bond Uboat 05/03/18 09:50:08 AM
#1274   Be ready for a Monster run this time$$ slickinvest 05/02/18 12:00:09 PM
#1273   IS GOING UP---- .006 BID Uboat 05/02/18 11:23:55 AM
#1272   Nice day and close! BERKSHIRE AGENT 05/01/18 11:41:10 PM
#1271   so thin up to .15 imo SmokeSignals 05/01/18 06:09:41 PM
#1270   I project a move similar to AX_xa...up to SmokeSignals 05/01/18 03:56:01 PM
#1269   Real thin, hot Sector, and ready to explode $$ slickinvest 05/01/18 03:53:22 PM
#1268   .0035.bidder..I'd like to introduce you to .02...and I SmokeSignals 05/01/18 03:51:25 PM
#1267   Wish I had doubled down. This is going Uboat 05/01/18 02:40:59 PM
#1266   looking good indeed! copesjc 05/01/18 02:40:18 PM
#1265   ETFM $$$$ GOING TO EXPLODE FOLKS...LOOKS REAL THIN halbroke1 05/01/18 01:21:39 PM
#1264   Level 2 looking real thin $$$$$ slickinvest 04/30/18 01:13:55 PM
#1263   Tell him to get a good pic.... :) NYSal 04/30/18 01:12:34 PM
#1262   2050 motors headquarters back lot is loaded with cars... SmokeSignals 04/30/18 12:54:15 PM
#1261   I know...Google earth Lies right? and my friend SmokeSignals 04/30/18 12:52:54 PM
#1260   Yeah Right -- LOL NYSal 04/30/18 12:49:58 PM
#1259   Look! over 400 new cars in their parking SmokeSignals 04/30/18 12:48:45 PM
#1258   ETFM...0045...Chart...Symmetrical Triangle Breakout setting up here...can go eit georgie18 04/27/18 04:19:51 PM
#1257   its holding in this range Dahmer 04/27/18 04:09:14 PM
#1256   I agree$$$$$$$ slickinvest 04/27/18 09:07:05 AM
#1255   Feels like this stock is warming up for Uboat 04/26/18 09:40:48 AM
#1254   I hope youre right ! We could LobsterMaine 04/26/18 07:56:43 AM
#1253   While 2050 Motors was planning this relatively complex firad 04/26/18 03:30:41 AM
#1252   next PR's IMO take the pps above a SmokeSignals 04/25/18 09:07:34 PM
#1251   Competitor? No cars,no NYSal 04/24/18 01:43:19 PM