Monday, March 21, 2016

2050 Motors, Inc. (ETFM) Announces Successful Launch of Preorder Marketing Survey for e-Go Electric Vehicle

Late last week, 2050 Motors, Inc. (OTCQB: ETFM) announced the successful launch of its preorder marketing campaign for the all carbon fiber e-Go electric vehicle. Within one hour of the launch of the campaign on March 17, the company had already received more than 25 preorders, and additional preorders continued to come in throughout the first day. 2050 Motors is offering special introductory incentives to customers who participate in this launch event, with options including a 10-year unlimited mileage warranty on the e-Go’s battery pack and participation in a free lottery of two carbon fiber e-Go cars. At the conclusion of the two week preorder event, participants will receive a priority number and additional details about their standing on the preorder list.

“We are very happy with the initial results since 2050 Motors only advertised this campaign in Las Vegas, which meant that this was only offered to localized customers in Nevada, parts of California and Utah,” Michael Hu, president and chief executive officer of 2050 Motors, stated in the news release. “We were surprised that some of these pre-order customers included multiple orders from an automobile dealership and an order from the owner of an NBA basketball team.”

Before releasing the e-Go, 2050 Motors will need to attain U.S. Department of Transportation approval, complete all requirements regarding the importation of the e-Go into the United States and complete crash testing in accordance with U.S. testing standards. The e-Go previously passed preliminary crash testing in accordance with European, Japanese and Chinese test standards at the China Automotive Technology & Research Center Institute. 2050 Motors expects the marketing and customer data attained from its ongoing regional preorder launch program to play an instrumental role in its nationwide campaign, which it plans to commence later this year.

According to data from EV Obsession (http://dtn.fm/Uu42h), demand for electric vehicles in the U.S. is on the rise. In January 2016, plug-in electric car sales in the U.S. were up 15 percent over the comparable period of the previous year. While the electric market is led by automotive giants such as Tesla (NASDAQ: TSLA), General Motors (NYSE: GM), Nissan (OTC: NSANY) and Ford (NYSE: F) – which, combined, accounted for roughly 70 percent of all electric vehicle sales in January – rapid innovation within the market ensures an approachable barrier of entry for newcomers offering pioneering new models and features, such as 2050 Motors with the all carbon fiber e-Go.

For more information, visit www.2050motors.com

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