2050 Motors, Inc. Announces Arrival Of Carbon Fiber Electric Vehicle In USA

November 17, 2015 09:40 ET | Source: 2050 Motors, Inc.

LAS VEGAS, Nev., Nov. 17, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Company's e-Go Electric Vehicle To Be Showcased In Las Vegas; Electric Luxury Sedan To Follow

2050 Motors, Inc. (OTCQB: ETFM), an emerging company in the carbon fiber vehicle industry, announced today that the first all carbon fiber electric vehicle, the e-Go Electric Vehicle (EV), arrived in the United States last week. The e-Go, due to its lightweight carbon fiber body and all aluminum space age racing frame, has the pedigree to become the world's most efficient automobile weighing under 1,500 lbs including its battery pack. The e-Go's big brother, the Ibis, a full size luxury sedan, is expected arrive soon. The styling of the all carbon fiber Ibis rivals the best European high-end sedans.

Both electric vehicles are to be showcased in Las Vegas to a private industry audience, and then opened to the general public for viewing. Both vehicles will carry impressive warranty items including a 10-year (unlimited mileage) warranty on their lithium battery packs.

"Earlier this year, both the e-Go EV and the Ibis received rave reviews when they revealed the manufacturing facilities for the e-Go EV to a Chinese audience," stated Michael Hu, President of 2050 Motors. "The China manufacturing plant features the most modern robotic machines and carbon fiber manufacturing tooling, and the unveiling was covered by national TV news media and many publications. We are excited to make our entrance into the American market, and anticipate another successful event." A sequential video to the grand opening of the facility can be viewed at http://youtu.be/wih8_xxZNgA To see pictures of both vehicles that were showcased at the Shanghai Auto Show visit http://www.2050motors.com/shanghaishow.html

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 import, market, and sell electric and gas powered carbon fiber vehicles engineered and designed in Italy and China. 2050 Motors also has the rights to assemble these vehicles in the United States as a future enterprise. 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 (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 five passengers, have a long battery life, an d high energy efficiency rating up to 150+ MPG-E energy equivalent in urban driving due to the light weight of the vehicle. 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 unanticipa ted events, except as required by law.

Contact:George HedrickVP North American Operations2050 Motors, Inc.Tel. (702) 591-6029

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2015/11/prweb13086191.htm

2050 Motors George Hedrick +1 7025916029

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other press releases by 2050 Motors, Inc.
Source: 2050 Motors, Inc. Announces Arrival Of Carbon Fiber Electric Vehicle In USA

Hydrogenics Signs Broad Supply Agreements With Chinese Vehicle Integrators

MISSISSAUGA, Ontario, Nov. 16, 2015 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, today announced that it has signed separate supply agreements with several Chinese electric vehicle integrators to bring its fuel cell and fueling station technology to China as part of the country's strategy to solve prevalent air quality issues. The agreements were signed in Beijing on Friday, November 13, at ceremonies attended by Ontario Premier Kathleen Wynne and trade commission delegates, along with local and state officials. Hydrogenics has worked closely with a number of Chinese companies throughout the past year – already delivering over 30 propulsion systems for buses and other vehicle platforms from leading original equipment manufacturers (OEMs) such as Futian and Volvo. The largest bus OEM in China, Yutong, is one of the key suppliers seeking to bring fu el cell technology into the urban transit mainstream.

The deals signed Friday cover more than 2,000 vehicles over the course of the next 3-5 years. Staged rollouts will follow typical engineering milestones from prototyping, manufacturing, vehicle certification and infrastructure build-out. Included in the agreements are heavy-duty fuel cells, fueling stations, and assessments for converting wind energy and other forms of surplus electricity to hydrogen using Hydrogenics' Power-to-Gas energy storage technology. Hydrogenics anticipates that, during the next twelve months, $10 million or more of revenue could be realized, after which product deliveries should accelerate. Based on Chinese proposals, vehicle fuel cell requirements alone over a five year period are forecast to be above $100 million.

Hydrogenics CEO Daryl Wilson stated, "We are thrilled to have been chosen by Chinese OEMs for our industry-leading hydrogen technology. These agreements demonstrate China's commitment to tackling air quality, driving an urgent need for zero-emission transportation. Hydrogenics is the clear choice in this regard due to the compelling and unique advantages of our heavy-duty fuel cells versus the competition, and Hydrogenics is the only 'one stop shop' providing the full scope of technology to meet China's needs – from Power-to-Gas applications to fueling stations and vehicle propulsion systems. It is believed over 2,000 buses and other zero-emission vehicles will be launched over the next five years in China, resulting in a significant revenue opportunity for the Company." 

In China today there are over 250,000 electric vehicles in operation – one of the largest deployments of zero-emission transportation worldwide – and vehicle integration companies have begun to seek ways to improve the limited range these vehicles provide. Hydrogen fuel cells provide such range. In addition, China's vast deployed wind and solar power systems offer unprecedented potential for the generation of green hydrogen fuel through Power-to-Gas energy storage. Hydrogenics has already demonstrated the commercial viability of multi-megawatt systems for converting renewable energy to high purity hydrogen.

About Hydrogenics

Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

Forward-looking Statements

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995, and under applicable Canadian securities law. These statements are based on management's current expectations and actual results may differ from these forward-looking statements due to numerous factors, including: our inability to increase our revenues or raise additional funding to continue operations, execute our business plan, or to grow our business; inability to address a slow return to economic growth, and its impact on our business, results of operations and consolidated financial condition; our limited operating history; inability to implement our business strategy; fluctuations in our quarterly results; failure to maintain our customer base that generates the majority of our revenues; currency fluctuations; failure to maintain sufficient insurance coverage; changes in value of our goodwill; failure of a significant market to develop for our products; failure of hydrogen being readily available on a cost-effective basis; changes in government policies and regulations; failure of uniform codes and standards for hydrogen fuelled vehicles and related infrastructure to develop; liability for environmental damages resulting from our research, development or manufacturing operations; failure to compete with other developers and manufacturers of products in our industry; failure to compete with developers and manufacturers of traditional and alternative technologies; failure to develop partnerships with original equipment manufacturers, governments, systems integrators and other third parties; inability to obtain sufficient materials and components for our products from suppliers; failure to manage expansion of our operations; failure to manage foreign sales and operations; failure to recruit, train and retain key management personnel; inability to integrate acquisitions; failure to develop adequate manufacturing processes and capabilities; failure to complete the development of commercially viable products; failure to produce cost-competitive products; failure or delay in field testing of our products; failure to produce products free of defects or errors; inability to adapt to technological advances or new codes and standards; failure to protect our intellectual property; our involvement in intellectual property litigation; exposure to product liability claims; failure to meet rules regarding passive foreign investment companies; actions of our significant and principal shareholders; dilution as a result of significant issuances of our common shares and preferred shares; inability of US investors to enforce US civil liability judgments against us; volatility of our common share price; and dilution as a result of the exercise of options; and failure to meet continued listing requirements of Nasdaq. Readers should not place undue reliance on Hydrogenics' forward-looking stateme nts. Investors are encouraged to review the section captioned "Risk Factors" in Hydrogenics' regulatory filings with the Canadian securities regulatory authorities and the US Securities and Exchange Commission for a more complete discussion of factors that could affect Hydrogenics' future performance. Furthermore, the forward-looking statements contained herein are made as of the date of this release, and Hydrogenics undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, unless otherwise required by law. The forward-looking statements contained in this release are expressly qualified by this.

CONTACT: For further information, contact: Bob Motz, Chief Financial Officer Hydrogenics Corporation (905) 361-3660 investors@hydrogenics.com Chris Witty Hydrogenics Investor Relations (646) 438-9385 cwitty@darrowir.com

 

Source: Hydrogenics Signs Broad Supply Agreements With Chinese Vehicle Integrators

Prediction: Plug-In Electric Car Sales In North America Will Total 7.4 Million From 2015 To 2024

The report, titled "Light Duty Plug-In Electric Vehicle Sales in North America Are Expected to Total Nearly 7.4 Million from 2015 to 2024," suggests exactly what the titles states:

Light Duty Plug-In Electric Vehicle Sales in North America Are Expected to Total Nearly 7.4 Million from 2015 to 2024

Plug-in electric vehicle sales are mostly concentrated in states that offer generous government incentives for both drivers and automakers, report finds

A recent report from Navigant Research analyzes the North American market for light duty plug-in electric vehicles (PEVs), including detailed geographic forecasts of PEV sales by U.S. state, metropolitan statistical area (MSA), Canadian province, Canadian city, and selected U.S. utility service area.

North America is currently the world's largest market for PEVs, with more than 133,000 sold in 2014, and the majority of vehicles concentrated in California. State incentives, such as the Zero Emissions Vehicle Program, are expected to push more widespread adoption into other U.S. states and throughout Canada, as well.  According to a recent report from Navigant Research, light duty (LD) PEV sales in North America are expected to total nearly 7.4 million from 2015 to 2024.

"The increasing availability of electric vehicle supply equipment (EVSE), or charging stations, is one factor that is helping to drive the PEV market in North America," says Scott Shepard, research analyst with Navigant Research. "Expansion of EVSE infrastructure to intra-city locations will make PEVs more attractive to drivers initially concerned about being unable to charge their vehicle during longer trips."

To date, PEV sales have been concentrated in areas where lucrative government incentives have been offered for both drivers and vehicle manufacturers, according to the report. In the United States, automakers are reaping incentive benefits from PEVs that comply with federal Corporate Average Fuel Economy (CAFE) standards, and in turn are offering generous lease terms to drivers.The report, Electric Vehicle Geographic Forecasts, provides data and forecasts for LD PEV sales in North America, including U.S. states, metropolitan statistical areas (MSAs), and utility service territories and Canadian provinces and cities. The study estimates the number of vehicles that will be in use in specific geographic locations and assesses the potential impacts of anticipated PEV penetration in the most active PEV markets. Market forecasts for LD PEV sales and vehicles in use, segmented by scenario and geographic area, extend through 2024. The study also provides analysis of Navigant Research's EV Consumer Survey, which was used to develop the PEV demographic profile. An Executive Summary of the report is available for free download on the Navigant Research website.

Source: Prediction: Plug-In Electric Car Sales In North America Will Total 7.4 Million From 2015 To 2024

Porsche Says 911 Hybrid Will Happen, Ditching The Flat-Six And Going All-Electric Won't

It took some time but Tesla demonstrated all-electric vehicles are now not just emissions-free; they are also equal or better in all aspects to their rivals using combustion engines. Porsche is no stranger to electrification of its vehicles, though it hasn't gone all-electric yet. With the Cayenne and Panamera being offered as hybrids, a pure EV version of either, or both, isn't far down the road.

The 911, on the other hand, is a different proposition. "The challenge in a sports car is weight", Porsche's director of boxer engines, Thomas Wasserbach, told Car Advice. "Naturally we want high electric power, but we don't want many batteries because of the high weight. So, at the moment we are thinking about what could be the next step to hybrid. In Le Mans with the 919, it has lightweight battery system but it's too expensive, so we have to work around it and get these requirements to the 911."

The current platform is not designed to accommodate such features, thus a hybrid 911 will reportedly be launched at some point in the next generation's life cycle, which should give Porsche some time to figure out a solution for the weight vs pric e equation.

Pairing the flat-six with batteries and electric motors is one thing – but ditching it altogether is not going to happen, said Wasserbach. "

"We think a 911 needs a flat six engine, a full electric variant, we do not see it at the moment. If the regulations some time say no way [to internal combustion engines] then… but we want to go as long as we can with a flat six engine. It's typical for this model, it has a long history and we think our clients want this."

You bet they do. They have tolerated the water-cooling, got along with the switch from hydraulic to electric steering, made some noise about the GT3 being PDK-only and still trying to figure out whether turbocharging has tainted the 911 or not. Losing the flat-six hang out at the back is unthinkable, it wouldn't be a proper 911! Then again, the same applied to all of the former until, and sometimes even after, they were introduced...

Photo Gallery
Source: Porsche Says 911 Hybrid Will Happen, Ditching The Flat-Six And Going All-Electric Won't

Karma Automotive (Nee Fisker) To Use BMW Electric-Car Powertrains

2012 Fisker Karma from the Rogers' Classic Car Museum collection

Enlarge Photo

Karma Automotive--the carmaker formerly known as Fisker Automotive--says it will use BMW powertrain components in upcoming production models.

BMW will supply high-voltage battery charging systems and "a wide range of hybrid and EV systems" for the Karma luxury sedan, which the company expects to relaunch in 2016.

Karma did not say whether BMW would also supply the car's range-extending gasoline engine, which was previously provided by General Motors.

DON'T MISS: Fisker Becomes Karma Automotive, To Relaunch In 2016

All Karmas that were part of the original 2012 production run used a 260-horsepower 2.0-liter turbocharged and direct-injected four-cylinder, which turned a generator to provide electric power.

Actual propulsion came from two 150-kilowatt (200-hp) electric motors--one per axle--and a 20-kilowatt-hour lithium-ion battery pack.

The components supplied by BMW could come from a few potential sources.

Some powertrain bits could come from the i8 plug-in hybrid coupe, which uses a 1.5-liter turbocharged three-cylinder engine with an electric motor and 7.1-kWh lithium-ion battery pack.

At its Innovation Days event in 2014, BMW also unveiled a plug-in hybrid test mule--based on the 5 Series Gran Turismo--designed to maximize electric running.

It used a 200-kW (268-hp) electric motor to drive the rear wheels, with a 150-kW (201-hp) driving the front wheels with some assistance from a turbocharged four-cylinder engine.

ALSO SEE: New Fisker Targets Mid-2016 For U.S. Production Of Luxury Plug-In Hybrid

Both of these vehicles have somewhat different powertrain configurations to the Karma, but some of their components could find their way into the sedan.

Before Fisker's 2012 bankruptcy, there were rumors that BMW would supply engines for a second Fisker model, called the Atlantic.

The Atlantic was a sedan smaller than the Karma, but had similar styling and also used an extended-range electric powertrain.

BMW 5-Series GT development prototype for Power eDrive plug-in hybrid system, Nov 2014

Enlarge Photo New powertrain components for the Karma will be part of needed updates for the car, which is a fairly old design by industry standards.

While all previous Karmas were built under contract by Valmet Automotive in Finland, Karma Automotive plans to move production to the U.S.

MORE: Fisker Karma Plant In Southern California: More Details Emerge

It is building a factory in Moreno Valley, California--not far from its headquarters in Costa Mesa.

Previous plans to use a former General Motors factory in Delaware have been put on hold.

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Source: Karma Automotive (Nee Fisker) To Use BMW Electric-Car Powertrains

BMW Unveils S1000RR Electric Super Bike: “eRR”

The BMW eRR "Experimental Vehicle"

The BMW Motorrad Group announced the "experimental vehicle eRR" electric supersport motorcycle the other day via press release (full text below), and sparked a frenzy of speculation in the EV community.

Sparked.  Did you see what we did there?  And what's with "eRR"?  Doesn't "err" in German translate to, well, "err"?

No tech details are released, nor are plans to produce it divulged, but lots of pretty pictures were forthcoming.  Apparently, it's a rideable bike.

err… Graphics!

err…. rear quarter

Front control detail

What's that? That little lever?  See it, up there?

errrrrrrr…. butt rest

…other side rear

Was ist das hebel , jungs?

Being the complete geeks we are, that thing that looks like a clutch lever is fascinating us, and a few notable nerds in the business.  Could it be a regen lever, you know, like the Zero owners community has been crying for?  Is it something else entirely?  When, oh when will we find out for sure?  Oh those coy Germans.

Everybody has an opinion on this bike, but probably one of the more interesting is from Sean MacDonald over at Jalopnik, who apparently talked to our old buddy Wes Siler, now camping-with-dog-whisperer-dude, for a reality check, where he's somewhat concerned that this may be an overgrown scooter adapting aBMW S1000RR chassis rather than a ground-up build designed specifically for an electric drivetrain.  There's merit in that concern, and yes, we'd hope that this is a bike that can take the Energica EGO and EVA to task, but we can only wait and see.

We will, however, weigh in and say that the motor drive mount looks pretty raw – sheet steel, possibly integrated with the battery compartment, and not milled, or hinting at a motor housing.  See here:

Motor, drive detail, left side

Motor, drive detail, right side

Without being able to see the motor in person, we're going to hazard a guess that it's very narrow, and a fairly large diameter affair…  you know.  Something like an EMRAX?  Oh my.

EMRAX 268

The press release:

Munich. BMW Motorrad has a long tradition in pointing out new ways and thoughts for the topic „mobility on two wheels". For that, again and again many studies were presented in the past giving views to the future. The experimental vehicle eRR, created as a project with the Technical University of Munich, embodies an idea of an electric powered supersport motorcycle made by BMW Motorrad.

Already a couple of years ago, BMW i showed the BMW Group's visionary and sustainable approach with the vehicles BMW i3 and i8 and their revolutionary design principles (aluminum chassis and passenger cabin made from carbon fibre) and BMW Motorrad's C evolution proved, that zero emission, riding fun and practicability do not exclude themselves.

With presenting the experimental vehicle eRR BMW Motorrad goes one step forward and shows the possibilities of an all-electric drive in a supersport motorcycle. Regarding design and chassis technology the eRR leans on the supersport motorcycle S 1000 RR, however using an all-electric drive.

Stephan Schaller, Head of BMW Motorrad, emphasizes: „Since their market launch, the RR is giving the creeps to motorsport athletes. If acceleration, handling or topspeed – the RR is setting standards. However, if acceleration on the first metres, up to 50, 60 kph, is the point, the RR's 199 bhp have to admit defeat by another BMW product: the C evolution with its electric drive.

We asked ourselves: What happens when combining a sport motorcycle and an electric drive? The experimental vehicle eRR brings the topic zero emission and electric drive on a new, more fascinating level."

BMW Motorrad will announce technical details of the eRR at a later date.

Details about the BMW Group:

BMW Group

With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the world's leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. As a global company, the BMW Group operates 30 production and assembly facilities in 14 countries and has a global sales network in more than 140 countries.

In 2014, the BMW Group sold approximately 2.118 million cars and 123,000 motorcycles worldwide. The profit before tax for the financial year 2014 was approximately € 8.71 billion on revenues amounting to € 80.40 billion. As of 31 December 2014, the BMW Group had a workforce of 116,324 employees.

The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

Source: BMW Unveils S1000RR Electric Super Bike: "eRR"

Is There A Mystery Car Company Chasing Tesla?

It has the makings of a speculative fiction about a genius in a cave building machines with his robot, Crankshaft. A mysterious electric car company is building a billion-dollar manufacturing plant and, apparently, stealing some auto world geniuses. It is called, with fictive aplomb, Faraday Future, a clear salvo against Tesla, as Faraday was, like Nicolai Tesla, an physicist. The company now has more than 400 employees, and is said to be hiring 10 staffers per week, among whom are who's who types.

Source: Is There A Mystery Car Company Chasing Tesla?