ISIN:DE000A2NB551

EQS-News: fox e-mobility AG presents preliminary figures for the 2023 financial year

Retrieved on: 
Mittwoch, März 13, 2024

Dusseldorf, 27 February 2024. fox e-mobility AG (ISIN DE000A2NB551), a European electric vehicle company specialising in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistics applications, today publishes its preliminary unaudited key financial figures for the financial year 2023.

Key Points: 
  • Dusseldorf, 27 February 2024. fox e-mobility AG (ISIN DE000A2NB551), a European electric vehicle company specialising in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistics applications, today publishes its preliminary unaudited key financial figures for the financial year 2023.
  • Up to now, fox e-mobility has not generated any revenue from vehicle sales as the company is still in the development phase.
  • Due to various cost-cutting measures and extraordinary income of EUR 1.8 million (expiry of a liability), the company generated a net profit of EUR 0.8 million in the 2023 financial year (2022: preliminary net loss of EUR -2.3 million).
  • The complete and audited annual financial statements for the 2023 financial year are expected to be published by 31 May 2024 latest.

EQS-News: fox e-mobility AG announces preliminary figures for the 2022 financial year and provides information on current activities

Retrieved on: 
Mittwoch, März 13, 2024

So far, fox e-mobility has not generated any revenue from vehicle sales as the company is still in the development phase.

Key Points: 
  • So far, fox e-mobility has not generated any revenue from vehicle sales as the company is still in the development phase.
  • The publication of the complete and audited annual financial statements for the 2022 financial year is expected by April 30, 2024 latest.
  • The company will announce preliminary figures for the key financial data for the 2023 financial year in the upcoming week.
  • Since the resignation of Supervisory Board member Russell Pfeiffer on February 8, 2022, the Supervisory Board has only had three members.

EQS-News: fox e-mobility AG: Detailed update on the investment by Yangji Investment Partners LLC

Retrieved on: 
Samstag, Dezember 30, 2023

In order to still allow an overseas investment by asset management companies, the Financial Supervisory Service (FSS) set the condition that Korean clients’ money must be secured by domestic assets.

Key Points: 
  • In order to still allow an overseas investment by asset management companies, the Financial Supervisory Service (FSS) set the condition that Korean clients’ money must be secured by domestic assets.
  • The funds from the bridge loan are then permitted to be transferred overseas for investment.
  • The aforesaid property in Gangnam, Seoul has a market value of around 130 billion KRW (92 million Euros).
  • This property provides ample room for Yangji’s investment in fox e-mobility AG as the bridge loan is in the amount of 55 billion KRW (39 million Euros).

EQS-News: fox e-mobility AG publishes consolidated financial report 2021

Retrieved on: 
Sonntag, Januar 22, 2023

Munich, December 29, 2022. fox e-mobility AG (ISIN DE000A2NB551), a European electric vehicle company specializing in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistics applications, publishes its consolidated financial report for 2021 prepared without any legal obligation to do so.

Key Points: 
  • Munich, December 29, 2022. fox e-mobility AG (ISIN DE000A2NB551), a European electric vehicle company specializing in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistics applications, publishes its consolidated financial report for 2021 prepared without any legal obligation to do so.
  • The Group's net loss for 2021 was 15.4 million euros (2020: -0.3 million euros).
  • For the operating parent company fox e-mobility AG, the net loss for the year was 3.8 million euros.
  • The consolidated financial report 2021 will be published in the course of the day on the company's website under the following link: https://fox-em.com/financial-reports/ .

EQS-News: Strategy program for 2023

Retrieved on: 
Sonntag, Januar 22, 2023

Munich, 12 January 2023. fox e-mobility AG (ISIN: DE000A2NB551), a European electric vehicle company specializing in the production, marketing and further development of compact electric cars in the lower price segment, announces key aspects of its 2023 strategy program.

Key Points: 
  • Munich, 12 January 2023. fox e-mobility AG (ISIN: DE000A2NB551), a European electric vehicle company specializing in the production, marketing and further development of compact electric cars in the lower price segment, announces key aspects of its 2023 strategy program.
  • The detailed design of the strategy program will be presented at the upcoming Annual General Meeting on 31 January 2023.
  • The restructuring will be prepared in February 2023 by establishing subsidiaries in Ireland, the UK and Germany.
  • After the shareholders have adopted a resolution at the Annual General Meeting on 31 January 2023, the planned conversion to registered shares shall take place before the end of February 2023.