Company:  2050 MOTORS, INC. (ETFM)
Form Type:  NT 10-Q
Filing Date:  8/15/2017 
CIK:  0000867028 
Address:  25 N RIVER LANE
SUITE 2050
 
City, State, Zip:  GENEVA, Illinois 60134 
Telephone:  (630) 708-0750 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$0.00  
Change: 
0.00 (33.33%)  
Trade Time: 
12:21 PM EST  
Market Cap: 
$0.91M
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Description of Business
2050 Motors, Inc. has an agreement, subject to minimum sales requirements, to import, market and sell in the United States, Puerto Rico, the U.S. Territories and Peru, the "e-Go" lightweight carbon fiber all-electric vehicle ("EV") 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, efficient, carbon fiber e-Go EV electric car ("e-Go"). 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 auto parts at a significantly reduced cost.
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  FORM NT 10-Q