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After hour's ASK is .0053. If you could sell there you'd probably be up? If a PR came do you think the price would go higher than that? Today there were multiple buyers bidding over a million shares a piece in mid twenties on a heavy volume day, with 27,500 blocker at .0028 and .0032 price froze up on uncertainty. Don't forget, this is a speculative play that can rise with no news but is a lotto for the case that they start distributing the vehicles and more liking profiting off of their 20% own subsidiary. If that happens, with vehicles made with parts coming from company we own 20% in, dollars per share are possible? If never, nothing comes of the company and they don't pay $78,000 debt and fold cause of it, that really sucks, but let's hope the new President that the company promoted this year, didn't come on for that, let's hope they didn't form a team in China for nothing and indeed make good on the ETFM plan laid out, let's hope something is done sooner than later and we see some e-Go EV's in America and well known everyday brand by 2050. :)
No, because it's all part of building a car company of 2050. Besides, the note is being demanded early/now but under $80,000, it's not end of company imo, only start:
Graphene Future, Inc., by 2050 Motors and the exclusive rights to utilize and distribute this graphene product for the next generation electric vehicle battery market worldwide.
April. They talk about difficulty of finances with products still being in development as well as acquired 20% stake in partner company; showroom in Las Vegas and plan for assembling the cars in the US
Yup, people listen to wrong people about 8k instead of reading 10-k. This is still going to go crazy. Company having no revenue because development stage already led to price drop from above .05 in March. Your entry is a steal imo
And what's the float? Still under 40m?
2050 Motors intentions are clear:
Mr. Hedrick stated, “We intend to proceed with a more aggressive plan for 2050 Motors. The Company was founded to develop the next generation of clean, lightweight, efficient vehicles and other green technologies. These technologies include fuels, hybrids, advanced materials, new batteries and low-cost carbon fiber vehicles. Our long-term relationships with other companies for a variety of game-changing technologies have been very fruitful. 2050 Motors has proceeded with this plan and, under my presidency, the Company will endeavor to pursue these valuable relationships we have formulated bringing to the US the next generation of efficient and clean transportation. 2050 Motors is now reviewing management resumes with the goal of bringing new automotive technology expertise to spearhead our organization.”
About 2050 Motors, Inc.
2050 Motors, Inc. (http://2050motors.com/about-us.html) is a publicly traded company founded to develop and produce the next generation of clean, lightweight, efficient vehicles and their associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and low-cost carbon fiber vehicles. The Company has been successful in forming long-term relationships and exclusive contracts for a variety of game-changing technologies.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that 2050 Motors will be able to leverage capital markets to execute its growth strategy, meet US DOT requirements, meet minimum sales expectations, will be successful and profitable in the US market, and will bring significant value to 2050 Motors' stockholders, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT:
George Hedrick,
President
2050 Motors, Inc.
(702) 591-6029
info@2050motors.com
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Look to the past and see the future:
2050 Motors is analyzing sites in the Las Vegas area early this year, and the company may also seek tax incentives, similar to Faraday.
Director of the Nevada Governor’s Office of Economic Development, Steve Hill, said that so far, 2050 Motors hasn’t requested tax incentives.
For now, 2050 Motors will import vehicles manufactured at its plant in China. The 200,000-square-foot, $100 million plant in Yancheng was built in September 2014. Within 5 months, it was functional, and full-scale production is anticipated for the coming spring.
2050 is sending its e-Go vehicles to U.S. crash test facilities with hopes of approval to sell in the States by this summer. After the completion of successful testing (if successful, which seems doubtful), 2050 will push forward with its plan to build the e-Go plant in Nevada.
Both the e-Go and the Ibis (the car the company compares to the Tesla Model S) were unveiled to the public and media at recent VIP receptions in Vegas. They are now on display for all to see at the William Carr Gallery at Tivoli Village. Guests can find information and register on the 2050 Motors website.
2050 Motors, Inc. has an exclusive license, subject to minimum sales requirements, to import, market and sell in the United States, Puerto Rico, the US Territories and Peru, the “e-Go” lightweight carbon fiber all-electric vehicle design and electric light truck to be manufactured by Jiangsu Aoxin New Energy Automobile Co., Ltd. (“Aoxin Automobile”) located in the People’s Republic of China (“PRC”). Aoxin Automobile was a wholly-owned subsidiary of Dongfeng Motor Corporation (“Dongfeng Motor”), which is one of the largest automobile manufacturers in China, producing over 3.76 million cars and trucks in 2012. Aoxin Automobile was funded by Dongfeng Motor to develop and manufacture a lightweight, super-efficient, carbon fiber e-Go EV electric car (“e-Go EV”). Dongfeng Motor, over a five year period, invested a substantial amount of money to develop with the support of Italian engineers a new carbon fiber technology to produce carbon fiber parts at a significantly reduced cost. They also developed a lightweight aluminum racing frame to ultimately create the ultralight weight electric automobile known as the e-Go.
In 2014, Yancheng Municipal State-Owned Asset Investment Group, Co. Ltd. (YMSIG), an investment and property development company founded by the Yancheng Municipal Government, purchased Aoxin Automobile from Dongfeng Motor, Co. Ltd. YMSIG has made major investments in Aoxin, which funded on a fast track schedule the completion of the e-Go automobile manufacturing facility that culminated in a grand opening ceremony on January 20, 2015.
The e-Go EV is a unique lightweight carbon fiber electric vehicle built on an aluminum frame. It will be the only production line electric vehicle with a carbon fiber body manufactured by a new process that uses robotics to produce parts, which significantly reduces the production time and cost of carbon fiber components. The carbon fiber composite material is five times stronger than steel, and one third the weight.
In accordance with the exclusive license agreement signed with Aoxin Automobile, in order to maintain exclusive rights for the United States (USA), the Company is required to purchase and sell a 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 (US DOT) protocols for the e-Go EV model. The required amount of vehicles that the company needs to sell per year are as follows: Year one-2,000 vehicles; Year 2-6,000 vehicles; Year 3-12,000 vehicles; Year 4-24,000 vehicles and Year 5-48,000 vehicles.
The exclusive license contract between 2050 Motors and Aoxin Automobile requires that 2050 Motors complete US crash testing according to US Department of Transportation (“US DOT”) safety standards.with a certified full-scale crash testing Facility.
Two demonstration vehicles were received from Aoxin in the fourth quarter of 2015. One of the demonstration vehicles was showcased to the American public at the William Carr Gallery in Las Vegas, Nevada. This vehicle remained for public viewing at the gallery until April 30, 2016. 2050 Motors intends to eventually crash test eight (8) e-Go EV vehicles at a certified testing Facility.However, before this is done, design of the airbags must also be completed by Aoxin Automobile. Aoxin is currently designing an airbag system for the e-Go EV however 2050 Motors cannot predict at this time whether the airbag system will suffice for the US market and/or may require additional airbags for successful crash testing. In addition, Aoxin Automobile has stated that the e-Go EV will be equipped with US DOT approved parts and equipment; these are, windshield, tires, breaking system, etc. 2050 Motors does not know at the present time if all the equipment on the e-Go EV will be DOT compliant, and 2050 Motors may or may not have to re-equip the parts, if any, either in China or the United States.
During the year 2013, both the engineers in the United States and in China collaborated on many aspects of the e-Go EV to meet or surpass the US standards. These modifications have been incorporated into the e-Go EV. One of these modifications was to specifically address a new crash test which is not yet required in the United States. This test, created by the leading insurance industry group IIHS, is called the overlap test which insurance companies are trying to adopt into the standard automobile crash test program. The crash test consists of a vehicle to be submitted under new safety standards for front-end collisions in which 25% of the front end, on the driver’s side, strikes a 5-foot-tall barrier at 40 mph. The overlap test has proven to be very difficult for present automobiles on the road to pass. In fact, thirteen automobiles produced by the top end manufacturers such as Mercedes, Audi, etc., have either failed or done very poorly in this crash test sequence.
2050 Motors intends to import components completely fabricated and manufactured in China from Aoxin Automobile and will set up an Assembly Plant to utilize American labor and OEM’s in the facility. All of the e-Go’s parts and equipment must be DOT approved. Aoxin Automobile has made every effort to build the e-Go EV according to American standards. However, there is no certainty that all the parts will be DOT approved. 2050 Motors may elect to secure replacement parts here in the USA or in China for manufacturing or installation on components either in the United States or in China, if required.
Recently in October 2017, a delegation from 2050 Motors went to visit their China exclusive manufacturer (Aoxin Automobile) to lay out the plans for assembly of the e-Go all-carbon fiber vehicle in the United States (Las Vegas, NV is under consideration for a location). As stated in a press release dated September 29, 2017, 2050 has decided to assemble the vehicles in the United States because of the delay from Aoxin in obtaining their license to export fully assembled electric vehicles to 2050 Motors in the United States according to our exclusive contract arrangements. While 2050 Motors was planning this relatively complex assembly plant, the United States and China entered into this tariff battle which would require products from China to be taxed at a 25% rate. This new development has put 2050 Motors plans on hold trying to evaluate how these new policies impact our end-price for the vehicles in the United States. Furthermore, we intend to be importing these vehicle parts into a foreign trade zone, which further complicates the issue. We are in close contact with top personnel at the Las Vegas Global Economic Alliance (LVGEA) https://www.lvgea.org/ ), to ascertain what impact the new tariff regulations have on foreign trade zones.
2050 Motors intends to initially sell the e-Go EV to a network of customers primarily in the Las Vegas, Nevada area. 2050 Motors plans to establish a service and parts center, which would be separate from the Showroom. The Showroom facility will be at an area with high volume of people in Las Vegas, where visitors to the city can directly view the e-Go EV. 2050 Motors may also elect to sell the e-Go EV at selected distributors in the Las Vegas Area, which have already provided letters of interest. 2050 Motors’ initial plan to sell the vehicles in isolated large cities in the South/West US such as Las Vegas. In the metropolitan area of Las Vegas, the population is approximately 1.9 million people. This is the Company’s current marketing plan in order to effectively market to and support people that work and/or live in Las Vegas.
Few realize what we got here. Read and get ready for fun times if you want:
https://www.electrive.com/2018/02/17/us-car-manufacturer-2050-motors-invests-graphene-future/
LAS VEGAS, Feb. 15, 2018 (GLOBE NEWSWIRE) -- George Hedrick, President of 2050 Motors, Inc. (US OTC:ETFM), announced today that 2050 Motors has signed a Memorandum of Understanding (MOU) with Graphene Future, Inc., to produce high-grade graphene material for the electric vehicle battery market.
The MOU includes a 20% ownership in Graphene Future, Inc., by 2050 Motors and the exclusive rights to utilize and distribute this graphene product for the next generation electric vehicle battery market worldwide.
The future is coming and 2050 Motors is a part of it, best days still ahead.
I put a bid above the .0030 bidders and they moved to .0033. It's getting locked and if we ever get a vehicle update multi pennies can be for real.
More shares are added on .0038. We have 8 point gap between ASK and Bid. Low zone seems to be .0030 up until we go boom!
.0038's selling now.
52 week high of .16. I'll take that kind of silliness to the bank.
ASK now .0038. I don't think the chase will begin until it breaks .0050. After that might start tapping but should be .0048-.0030 zone rest of week? Hopefully no substantial trades below .0040
10k block at .0034 and then we move back over .0035, penny run in time is coming.
It's easy to see, they want desperate sellers at .0030. They eating on bid but will have to come up around .0040 to get shares but less than 1m available there. We just have to wait and they'll chase on news.
Exactly. Times are tough but one or two PR's and this is the double zero to multi penny play everyone hopes for. 40m float will move in time. Imo zero trade day is better than minor trades here, in time will win. Pump seems over but real thing is coming.
Bids are building but they're going to need to come over .0040 if they want more than 25,000 shares but once those mid .0040 ASK move we move right back above .0072, one PR will do it.
Copyrighted 2018, news should be near
http://www.2050motors.com
You can check popularity of products on Hut and Amazon. I still can't figure out how we are under .0010 much less no bid
Rumors of PR on the way. Spread is gapped but things should get very good the moment news is delivered, let's hope asap!
We're better than good here imo but just going to take some time
Last time I emailed. They respond. Try again
Dr. Told me know reverse split.
Group seeking quick gains made money moving this into .0070's but I'm thinking long, should you?
Mr. Hu (company's president) comments: “In 2016, 2050 Motors unveiled its four-passenger all-carbon-fiber body electric vehicle in Las Vegas. The e-Go carbon fiber body is five times stronger than steel and extremely lightweight, allowing it to be half the weight of competing electric automobiles which translates to significantly higher safety and energy efficiency. The high-quality carbon fiber body parts of the e-Go are manufactured by a patented low-cost process in minutes instead of hours. Aoxin Automobile is supporting 2050 Motors’ Phase II strategy by providing all their game-changing components from the new, upgraded Yancheng Plant at very competitive prices. This will allow 2050 Motors to offer e-Go all-electric passenger vehicles at affordable prices approximately $10,000 below our competitors, a significant advantage in the mid-range electric car market which has grown exponentially in the last 2-3 years.”
Mr. Hu further commented: “The world has recently been given a wake-up call by an unprecedented series of never before seen sequence of hurricanes, indicating that climate change events are here to stay. World leaders are reacting by eliminating internal combustion engine automobiles and replacing them with electric and hybrid vehicles. See as an example the following articles”:
The LA Times article titled “China is banning traditional auto engines. Its aim: electric car domination” (http://www.latimes.com/business/autos/la-fi-hy-china-vehicles-20170911-story.html) (September 12, 2017) stated, “Britain and France each vowed to implement such a ban by 2040.” This is also followed by many countries around the world including India and Norway.
And recently Bloomberg reported, “California Considers Following China With Combustion-Engine Car Ban” (https://www.bloomberg.com/news/articles/2017-09-26/california-mulls-following-china-with-combustion-engine-car-ban) (September 26, 2016).
Mr. Hu further stated: “The automakers finally got the message also. See as an example the following article:”
The CNN Money article titled "Mercedes is spending $1 billion to go electric in Alabama" (http://money.cnn.com/2017/09/22/news/economy/mercedes-alabama-billion-investment-jobs/index.html) (September 22, 2017).
In conclusion, Mr. Hu stated that, although 2050 Motors still faces challenges, we believe we are ahead of the game with a completed automobile plant ready to produce parts to build the only all-electric carbon fiber body vehicle in the world at reasonable consumer prices.
The process has begun and great things take time! Do your homework, see float is under 40m and add up potential yourself, we're in phase 2 :)
https://globenewswire.com/news-release/2017/12/15/1262883/0/en/2050-Motors-Proceeds-One-Step-Closer-To-The-USA-Assembly-Of-The-All-Carbon-Fiber-Body-Electric-Automobile.html
Do your homework and your going to like what you find. When the report they said in May is coming late comes, watch out. In meantime this is load what you can as low as you can before the multi penny run imo
http://www.2050motors.com/aoxinfacility.html
Very wise imo. We're talking unknown car company if the future here, new high is possible:
http://www.2050motors.com/photoshoot.html
It's capable of running above .01 with not a lot on ask but everyone is waiting on updates. 52 week high .15
Congratulations and weather today's storm, looks like best of times are nearing. 2050 Motors!
Wow it just got rocked down to .0031 and then 360k block at .0036 and all .0036 got ate but no bid support until .0032. People are eating it up even lower than my .0044 entry, well done. A little jealous but easy to see where this thing is heading. I'm going to try even more now after watching the insane volume, people are right.
Just added more @0044. Someone is giving discounts today :)
Sounds great. Maybe I need to get more now by the sound of your knowledge?
Can we get to Penny? Green Day will be nice but once over .01 in going to start getting stoked!