FOX E-MOBILITY AG


Associated tags: MIA

Locations: LONDON, SWITZERLAND, DEUTSCHLAND, GERMANY, NETHERLANDS, DEUTSCHLAND, SCHWEIZ, LONDON, HOLLAND

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

Retrieved on: 
Wednesday, March 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: 
Wednesday, March 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: 
Saturday, December 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).