LAS VEGAS, Nev., June 18, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Michael Hu, President of 2050 Motors, Inc. (OTCQB: ETFM), stated that on June 15, 2015 an independent YouTube video was released demonstrating the bullet proof characteristics of the 2050 Motors' all carbon fiber electric vehicle called the e-GO EV. (See YouTube video here http://youtu.be/kFSi2G9a4Qk )
The video clearly shows bullets fired from a standard police .38 Special caliber pistol bouncing off the carbon fiber material plate. The plate is representative of the average strength of carbon fiber parts that make up the e-GO vehicle. The video was produced by enthusiasts independent of 2050 Motors. The marksman, Mr. Brian Davis, is a well-known hunting guide and outdoorsman from the state of Montana. The video also shows how a much smaller .22 caliber bullet easily penetrates a steel hood from a Chrysler heavy duty truck. Yet at a distance of only 10 feet, the much larger .38 caliber bullets could hardly penetrate the first carbon fiber layer of the e-GO plate.
Mr. Hu stated, "This video clearly depicts the superiority of the carbon fiber material against traditional steel used in the fabrication of automobiles. Consequently, this demonstrates the strength and crash safety worthiness of the carbon fiber advanced technology used to create the e-GO. Carbon fiber is several times stronger than steel and only one third the weight of steel. The carbon fiber technology used to build the e-GO makes it stronger and more resilient than even other carbon fiber technology being used currently."
The novel and unique construction materials and manufacturing process philosophy for the e-GO EV has provided an entirely new DNA makeup for an automobile, which includes the following advantages:
The lightweight e-GO is less than one half the weight of any other electric vehicle on the market today.
The e-GO has one of the highest mileage efficiencies, especially under urban driving conditions of +150 mpg-e energy equivalent.
This e-GO efficiency translates into the option of extended driving range capabilities with a choice of battery packs that range up to 200 miles or more.
Because of cost efficient manufacturing and assembly, the e-GO will be the first carbon fiber vehicle ever offered to the general public with a reasonable consumer price in the range of $32,000 to $35,000 USD MSRP. We expect the e-GO to be significant competition for the much higher weight vehicles produced by General Motors, Nissan and eventually the Tesla Model 3, which is expected to be unveiled to the general public by 2016.
2050 Motors' Chinese partner, Jiangsu Aoxin New Energy Automobile, Ltd. showcased the e-GO EV at the 2014 Shanghai New Energy Auto Show (NEAS) where it received major media attention. Also spotlighted was the e-GO's big brother, the full size four-door touring luxury sedan designed by European engineers, named the IBIS (pronounced ee-bis). Both models have carbon fiber bodies on space-age aluminum frames. Please see pictures of NEAS show at http://www.2050motors.com/shanghaishow.html .
On January 20, 2015, Aoxin Automobile announced the Grand Opening of the e-GO's manufacturing facility in Yancheng, China. The 200,000 square foot manufacturing facility features a state-of-the-art aluminum chassis robotic welding production line and high-temperature, high-pressure, vacuum-assisted carbon fiber molding production line, capable of producing 20,000 automobiles per year. Please see YouTube video of Grand Opening at https://www.youtube.com/watch?v=wih8_xxZNgA .
The first new off-the-assembly-line e-GO EV cars should arrive in Las Vegas for showcase/demonstration and crash testing in the United States by the third quarter of 2015.
2050 Motors' e-GO EV should have little competition in its price range due to its advanced construction materials. The e-GO is very lightweight, extremely energy efficient, durable and safe, with the best all-around value proposition for car buyers worldwide.
About 2050 Motors, Inc.
2050 Motors, Inc., 2050motors.com and etfm.com, is a publicly traded company incorporated in Nevada in 2012. The company is fully reporting under the SEC EDGAR system. 2050 Motors has entered into an Exclusive Agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd., located in Jiangsu, China. This Exclusive Agreement includes the sales, distribution and future assembly in the United States of electric and gas powered carbon fiber vehicles engineered and designed in Italy and China. The first electric vehicle model (e-GO EV) will be manufactured in the newly constructed plant completed in Jiangsu, China in January 2015.
The e-GO EV is the only production line electric car with a carbon fiber body and space age aluminum chassis. The vehicle is manufactured featuring state-of-the-art new carbon fiber process and robotic machines which significantly reduce the fabrication time and cost of carbon fiber components. The e-GO EV seats five passengers, has a long battery life, and performs with high energy efficiency rating up to 150+ MPG-E energy equivalent in urban driving due to the light weight of the vehicle.
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.
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