Marex Group plc Provides Details for Upcoming Investor Day on April 2, 2025
Rhea-AI Summary
Volcon ePowersports has undergone a significant transformation under CEO John Kim's leadership over the past 12 months. The company has shifted from an R&D-focused organization to one that collaborates with manufacturers to brand and sell electric vehicles. This strategic pivot was highlighted by their recent AODES (Super Sonic) collaboration, which secured $19.45 million in funding for their golf cart and utility vehicle market expansion.
The company is leveraging Vietnam's favorable 2.5% tariff rate compared to China's 500%, positioning them to import high-quality, low-cost electric vehicles. The funding will primarily support inventory acquisition and sales team expansion. CFO Greg Endo projects the company to achieve cash flow positivity by Q4 2025 and maintain operational funding through 2026.
Volcon has implemented significant cost reductions through streamlined manufacturing and outsourced marketing while maintaining their commitment to two-wheel vehicles. The company aims to capitalize on the disruptive market opportunity in the US golf cart and UTV sectors.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, VLCN gained 9.65%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex’), the diversified global financial services platform, provides details for its upcoming Investor Day being held at the Nasdaq MarketSite in New York on April 2, 2025.
The event will feature presentations from Marex’s business heads, providing a comprehensive review of Marex’s operations and growth initiatives, reiterating the strategy stated at IPO, as well as a question and answer session with senior leadership including Ian Lowitt, CEO, Rob Irvin, CFO and Paolo Tonucci, Chief Strategist and CEO Capital Markets.
What: Marex Group plc Investor Day 2025
When: Wednesday, April 2, 2025
9:30am – 2:00pm EST
Where: Nasdaq Marketsite, New York, New York
Due to limited capacity, the event will be invitation only, but a live stream of the event will be available via webcast. Interested parties can access the webcast through the ‘News & Events’ section of the Marex investor website at ir.marex.com.
About Marex Group:
Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. Headquartered in London with more than 40 offices worldwide, the Group has over 2,300 employees across Europe, Asia and the Americas. For more information visit www.marex.com.
Enquiries please contact:
Marex
Nicola Ratchford / Robert Coates
+44 (0) 7786548889 / +44 7880 486329 | nratchford@marex.com / rcoates@marex.com
FTI Consulting US / UK
+1 (919) 609-9423 / +44 (0) 7776 111 222 | marex@fticonsulting.com
FAQ
How much funding did Volcon (MRX) secure through the AODES collaboration in 2025?
What are the tariff advantages for Volcon (MRX) manufacturing in Vietnam versus China?
When does Volcon (MRX) expect to achieve cash flow positivity?
How has Volcon (MRX) transformed its business strategy under John Kim's leadership?
What are Volcon's (MRX) plans for the raised capital in 2025?
