Cannabis Report
Home > Boards > US OTC > Miscellaneous >

2050 Motors Inc. (ETFM)

ETFM RSS Feed
Add ETFM Price Alert      Hide Sticky   Hide Intro
Moderator: Orangeman3, johnnycomelately9, 06goat
Search This Board: 
Last Post: 7/20/2018 11:53:44 AM - Followers: 65 - 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. ( 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"






 
Cannabis Report
ETFM
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
ETFM News: Current Report Filing (8-k) 07/19/2018 06:04:14 AM
ETFM News: Current Report Filing (8-k) 07/03/2018 04:13:41 PM
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
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#1510  Sticky Note 2050 Motors intentions are clear: johnnycomelately9 07/03/18 06:47:17 AM
#1399  Sticky Note $ETFM .004 BRUTALLY OVERSOLD yet L2 INCREDIBLY THIN TradingGems 06/06/18 06:13:00 PM
#916  Sticky Note TY.. New ceo announced few days ago. Werbe 02/02/18 11:49:02 AM
#1555   I don't like that they changed CEO again johnnycomelately9 07/20/18 11:53:44 AM
#1554   well it started well today, spread too large JB3136 07/19/18 12:42:57 PM
#1553   Lookin good $$$$ slickinvest 07/19/18 10:00:25 AM
#1552   Maybe some volume going to move ETFM today benosufan 07/19/18 09:56:15 AM
#1551   8K-- New CEO. Got my avg down to Uboat 07/19/18 08:43:40 AM
#1550   125k @ .0034. Still at .0030 but johnnycomelately9 07/18/18 03:43:05 PM
#1549   .0030's got taken out. ASK .0034 and johnnycomelately9 07/18/18 01:40:36 PM
#1548   160k @ .0030, 125k @ .0034 and then johnnycomelately9 07/18/18 12:12:20 PM
#1547   That's what I like to hear, 22m float. johnnycomelately9 07/17/18 01:11:32 PM
#1546   Yes, bids being loaded with little enthusiasm shown johnnycomelately9 07/17/18 01:05:36 PM
#1545   it's not going to do anything but steadily JB3136 07/17/18 12:52:13 PM
#1544   This is gonna run again but, this time Big Poppa Pump 07/17/18 01:23:01 AM
#1543   ETFM bids were SOLID today.....something is brewing here IMO G-Schmoney 07/16/18 06:02:06 PM
#1542   O/S still at 39M, float at 22M! G-Schmoney 07/16/18 05:59:19 PM
#1541   Was referring to trade on the 12th when JB3136 07/14/18 06:42:02 PM
#1540   You have to get your facts rights. johnnycomelately9 07/14/18 06:13:26 PM
#1539   down .66% on 66,666 shares today, if that JB3136 07/12/18 05:27:39 PM
#1538   Is float still 22m? Is O/S above 40,000,000? johnnycomelately9 07/11/18 11:07:11 AM
#1537   https://globenewswire.com/news-release/2017/09/29/1134928/0/en/2050-Motors-Decid johnnycomelately9 07/11/18 10:49:41 AM
#1536   If products come out, it's anyone's guess on johnnycomelately9 07/07/18 09:43:52 AM
#1535   Any PR will be welcome. Could easily johnnycomelately9 07/07/18 09:41:56 AM
#1534   PR saying they have resolved the note issue JB3136 07/06/18 03:36:43 PM
#1533   During trade hours, 100k at .0032, 2 mom's johnnycomelately9 07/06/18 12:28:38 PM
#1532   It shows there's gaps between the numbers, thus johnnycomelately9 07/05/18 10:33:03 PM
#1531   it's pretty typical for the bid/ask quotes after JB3136 07/05/18 08:30:47 PM
#1530   After hour's ASK is .0053. If you johnnycomelately9 07/05/18 06:46:55 PM
#1529   idk bout that. hope they work it out JB3136 07/05/18 04:06:25 PM
#1528   No, because it's all part of building a johnnycomelately9 07/05/18 12:56:08 PM
#1527   in hindsight, should they have taken the monies JB3136 07/05/18 12:31:23 PM
#1526   April. They talk about difficulty of finances johnnycomelately9 07/05/18 12:29:08 PM
#1525   Where is the 10k? JB3136 07/05/18 12:06:02 PM
#1524   Shhhh this is a MOAB ready to explode Penny Planet 07/05/18 12:03:38 PM
#1523   Yup, people listen to wrong people about 8k johnnycomelately9 07/05/18 11:49:16 AM
#1522   .0025s thanks!!! Loading up Penny Planet 07/05/18 11:03:17 AM
#1521   $ETFM going to be epic Penny Planet 07/05/18 10:58:28 AM
#1520   Shhhhhh I'm loading a few million down here ;-) Penny Planet 07/05/18 10:58:18 AM
#1519   #Joke What a scam - Fake NYSal 07/05/18 10:19:17 AM
#1518   welp shoot, just going to have to hope JB3136 07/05/18 10:10:10 AM
#1517   Same! Cheers! 06goat 07/04/18 09:42:35 PM
#1516   Yep scam enjoy your 4th mikekrane 07/04/18 09:38:43 PM
#1515   OMG they thought they were being sneaky dropping 06goat 07/04/18 09:37:17 PM
#1514   Ouch that’s not good JB3136 07/03/18 09:06:57 PM
#1513   Horrible 8k.. this one had a lot of mikekrane 07/03/18 04:26:21 PM
#1512   And what's the float? Still under 40m? johnnycomelately9 07/03/18 02:26:41 PM
#1511   ETFM...0044...Chart...Looking for an upper bollie break and a georgie18 07/03/18 09:13:43 AM
#1510   2050 Motors intentions are clear: johnnycomelately9 07/03/18 06:47:17 AM
#1507   Feb PR johnnycomelately9 07/03/18 03:07:34 AM
#1506   December PR johnnycomelately9 07/03/18 03:06:27 AM
#1505   2018 Filing johnnycomelately9 07/03/18 03:05:06 AM
#1504   Look to the past and see the future: 2050 johnnycomelately9 07/03/18 02:55:43 AM
PostSubject