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2050 Motors Inc. (ETFM)

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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"






 
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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
ETFM News: Current Report Filing (8-k) 07/19/2018 06:04:14 AM
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PostSubject
#1399  Sticky Note $ETFM .004 BRUTALLY OVERSOLD yet L2 INCREDIBLY THIN TradingGems 06/06/18 06:13:00 PM
#1609   I have a bridge in Brooklyn for sale tmp118 09/17/18 03:36:01 PM
#1608   They are increasing to scam more money. They NYSal 09/17/18 09:30:28 AM
#1607   Jiangsu Aoxin New Energy Automobile Co. Ltd is betman 09/16/18 01:59:43 PM
#1606   HA HA movement today -- someone NYSal 09/10/18 01:13:15 PM
#1605   one would think there would be some room JB3136 09/04/18 04:04:28 PM
#1604   I want to hear that they have resolved JB3136 09/04/18 09:54:58 AM
#1603   What should be in the next PR. betman 09/02/18 12:11:23 PM
#1602   Should be almost that time for a PR, ehh? Big Poppa Pump 08/30/18 01:57:30 AM
#1601   Come on Streach sell a god dam car betman 08/26/18 11:31:53 AM
#1600   Well, the volume certainly tapered off today and JB3136 08/15/18 06:05:45 PM
#1599   There was a lot of buying at the goarmy2020 08/14/18 07:16:28 PM
#1598   ho hum another day another double-digit decline. It JB3136 08/14/18 05:20:32 PM
#1597   Is this one still trading? lol goarmy2020 08/14/18 03:03:28 PM
#1596   It could be for a good reason....merger etc....I'm goarmy2020 08/14/18 11:51:48 AM
#1595   We obtained stockholder consent for the approval of m1999 08/14/18 11:47:43 AM
#1594   The number of shares of Common Stock, no m1999 08/14/18 11:47:00 AM
#1593   Thx goarmy2020 08/14/18 11:20:38 AM
#1592   couldn't tell ya.. JB3136 08/14/18 11:17:55 AM
#1591   TD Ameritrade shows 39 million outstanding, is this goarmy2020 08/14/18 11:13:32 AM
#1590   I’d love to bring my pps down further LobsterMaine 08/14/18 11:10:56 AM
#1589   True if they can find some equity investors 06goat 08/14/18 11:09:29 AM
#1588   All I know is the bid keeps getting goarmy2020 08/14/18 11:04:19 AM
#1587   not necessarily, I'd like to see them use JB3136 08/14/18 11:04:03 AM
#1586   Yeah that’s very true! 06goat 08/14/18 11:03:16 AM
#1585   i'm not selling either, probably couldn't even if JB3136 08/14/18 11:02:52 AM
#1584   Could be another reason....merger etc...we'll see goarmy2020 08/14/18 11:02:17 AM
#1583   The filing today. They just raised AS from 06goat 08/14/18 11:00:19 AM
#1582   The bid is growing and upticking. This could goarmy2020 08/14/18 10:57:07 AM
#1581   What was the big push for everyone to LobsterMaine 08/14/18 10:56:38 AM
#1580   Not sure what you mean. I'm only watching goarmy2020 08/14/18 10:56:31 AM
#1579   I just hope some of those T's are JB3136 08/14/18 10:55:04 AM
#1578   Once the obvious dilution starts I agree. Trips 06goat 08/14/18 10:54:44 AM
#1577   I've been watching this one. The bid is goarmy2020 08/14/18 10:53:00 AM
#1576   trip zero 1 for a bottom IMO JB3136 08/14/18 10:50:06 AM
#1575   Nice news today lol.. wow Get the paper 06goat 08/14/18 10:47:58 AM
#1574   not on the way, already occurring IMO, that's JB3136 08/13/18 09:03:51 AM
#1573   .0011? Bigstud is here 08/12/18 01:50:12 PM
#1572   i ll feeling little dillution on the way benyam 08/12/18 09:06:46 AM
#1571   actually updated float ??? .... benyam 08/12/18 09:04:42 AM
#1570   Grabbed a few this week getting close mikekrane 08/10/18 11:01:16 AM
#1569   down 55% on this in just two months, JB3136 08/09/18 02:19:00 PM
#1568   Loading here ! ETFM 18s 20s 22s HallaDurg 08/09/18 01:42:19 PM
#1567   i'm guessing the bottom here isn't going to JB3136 08/09/18 01:29:14 PM
#1566   ETFM...0018...Bidding more here...accumulating... georgie18 08/08/18 11:28:40 AM
#1565   ETFM volume precedes price, I like what I G-Schmoney 08/07/18 11:44:05 PM
#1564   10-q filed JB3136 08/03/18 10:25:31 AM
#1562   LOL!!! My take on ETFM is this is samplescave 08/02/18 03:19:38 PM
#1561   https://ih.advfn.com/p.php?pid=nmona&article=77985623 new filing. what are they up to? increa JB3136 08/01/18 04:16:26 PM
#1560   I like what you posted. I agree, it xlogit3k 07/29/18 01:01:23 AM
#1559   Anyone wondering about this stock here’s my take... LobsterMaine 07/27/18 09:14:17 AM
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