2050 Motors, Inc. Announces All Carbon Fiber Electric E-Go Passes Frontal Crash Test With Impressive Results
February 12 2016 - 10:21AM
InvestorsHub NewsWire
Summary
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, NEVADA -- February 12, 2016 -- InvestorsHub NewsWire
-- Michael Hu, President of 2050 Motors, Inc. (OTCQB:
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.
The e-Go's big brother, the Ibis – an all carbon fiber all
electric luxury sedan – is also being considered for production in
the United States. Both the e-Go and Ibis are being showcased in
Las Vegas from February 12 through February 22, 2016. Please see
the press release dated January 26, 2016 titled “2050 Motors, Inc.
Media Event Picks Up Speed” for details on visiting hours.
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.
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
VP North American Operations
2050 Motors, Inc.
(702) 591-6029
info@2050motors.com
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