2050 Motors Electric Cars Showcase at 2014 Shanghai Auto Show
GlobeNewswire - Wed Nov 19, 10:30AM CST
Today, 2050 Motors, Inc. (OTCQB:ETFM), announced that its China partner, Jiangsu Aoxin New Energy Automobile, Ltd. showcased its five-passenger carbon fiber body electric vehicle, the e-Go EV, with a 34 kWh battery pack, 1,400 lbs total weight and over 200 miles (over 320 km) driving range on a full charge. The carbon fiber car received major attention at the 2014 Shanghai New Energy Auto Show (NEAS) held from November 4 through November 8, 2014.
2050 Motors Announces 10% Equity Sale to China's YMSIG
GlobeNewswire - Wed Oct 15, 8:35AM CDT
Today, Michael Hu, President of 2050 Motors, Inc. (OTCQB:ETFM), announced the signing of an MOU to sell ten percent (10%) of 2050 Motors equity stock to Yancheng Municipal State-Owned Asset Investment Group, Co. Ltd. (YMSIG), an investment and property development company founded by the Yancheng Municipal Government. Earlier this year, YMSIG also purchased Jiangsu Aoxin New Energy Automobile, Co. Ltd. (Aoxin Automobile) from Dongfeng Motor, Co. Ltd. YMSIG has made major equity investments in the real estate, finance, engineering, culture, science and technology industries in the Yancheng, Jiangsu Province.