RONN Announces 2025 Christmas Wish List
Rhea-AI Summary
RONN Inc (OTC Pink:RONN) has announced plans for its second-generation hydrogen electric vehicle (HEV), the Scorpion V2. This upcoming hypercar is projected to feature 1000-plus horsepower and an estimated range of 400+ miles, combining hydrogen fuel technology with electric drive. The company aims to begin manufacturing in 2025 with expected delivery in 2026.
The vehicle will be showcased at the Geneva Supercar Event as a VIP display vehicle. RONN plans to target the global supercar market, which is valued at $17.5 billion in 2023 and projected to reach $24.9 billion by 2033, growing at a CAGR of 3.7%. The company intends to market and sell its first automobiles by the end of 2026, focusing initially on a green high-performance vehicle production.
Positive
- Planned entry into the $17.5B supercar market with projected 3.7% CAGR through 2033
- Secured VIP display position at Geneva Supercar Event
- Advanced technical specifications: 1000+ horsepower and 400+ mile range
Negative
- Manufacturing depends on securing necessary funding
- Production timeline extends to 2026, indicating no immediate revenue generation
- Entering highly competitive market against established luxury brands
News Market Reaction 1 Alert
On the day this news was published, RONN declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
SCOTTSDALE, AZ / ACCESSWIRE / December 20, 2024 / RONN, Inc (OTC Pink:RONN) Prepare to have your senses pushed to new limits with our second-generation sports car. We are on a mission to redefine the future of HEV (hydrogen electric vehicle) technology, and we're doing it with a ground-breaking supercar - (Scorpion V2), providing extreme brand awareness and showcasing the latest technologies available to the market. Formally called Phoenix, we have a new name not released yet for its new upgraded status.
This futuristic, state-of-the-art Hypercar is set to be the leading part of our marketing plans. With its cutting-edge design, advanced hydrogen fuel technology, and electric drive, the Scorpion V2promises an estimated driving range of 400+ miles. But it doesn't stop there. Prepare to be amazed by the incredible torque and superior performance this 1000-plus horsepower Hypercar is expected to deliver while delivering clean emissions.
But, making this vision a reality requires the necessary funding. With the proper support, we anticipate beginning manufacturing in 2025, with an expected arrival date of 2026. We are confident that the Scorpion V2 will captivate the hearts of automobile enthusiasts and set a new standard for Hypercars.
We have devised a comprehensive marketing strategy to ensure the Scorpion V2 reaches its target market. We will leverage traditional marketing channels, including social media, to engage with our target audience - automobile aficionados. We have been invited to be the VIP display vehicle at the Geneva Supercar Event. Additionally, we plan to make our presence felt at high-end automobile shows and concourse events, and we even plan to sponsor Formula 1 racing events as they look towards alternative fuels. By doing so, we will build brand recognition and establish ourselves as pioneers in the HFCEV space.
Our secondary focus will be on the global supercar market, where we aim to market and sell our first automobiles by the end of 2026. Once successfully launched, which is expected in Geneva 2026, we will gradually expand our reach to the rest of the United States and Europe. Our short-term goal is to produce a limited green high-performance vehicle.
The Scorpion V2 is more than just a Hypercar - it symbolizes innovation, performance, and a greener future. With its cutting-edge technology and unparalleled driving experience, this Hypercar will support the future vision of the automotive industry. Join us on this thrilling journey as we work to shape the future of HEVs and pave the way for a new, expanded era in Supercars.
Market Size For Supercars
Recent data from World Motor Vehicle Production indicates a notable increase in global motor vehicle manufacturing, with 85.4 million vehicles produced in May 2023, marking a
RONN Inc.'s Founder and CEO, Ronn Ford, expressed his lifelong ambition to create an automobile that we expect could rival esteemed brands like Bugatti, Pagani, and Koenigsegg. The company's vision includes developing an upgraded version of the Scorpion, with specifications and design insights expected to follow very soon, along with the official new title.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include but are not limited to, the success of RONN, Inc. initiatives in the hydrogen tax credit market. RONN, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact Information
John Morgan
IR
jmorgan@ronnmotorgroup.com
SOURCE: Ronn, inc.
View the original press release on accesswire.com
FAQ
What are the key specifications of RONN's Scorpion V2 hypercar?
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