RONN MOTOR GROUP QUESTIONS:
- When do you expect the ticker change from LPHM to Ronn to happen?
Answer: We expect our name change to “RONN” and a new ticker which is expected to be “RONN’ to be issued any day now.
A. The number one goal is to move to a revenue status and move to a NASDAQ listing as quickly as possible; both targets are within our sights in 2024.
B. Our S-1 is complete except for the GAAP audited 2022 financials, expected September 2023. As soon as they are put into the S-1, we will file with SEC and begin prepping for and up-list to NASDAQ.
2. Do you have a distribution contract lined up?
Answer: We do have several delivery/logistic truck pilots keyed up.
3. Will you be focusing on the Asian or North American market?
Answer:
A. We originally had a strong focus on China and Asian Markets
B. However, the political climate has changed considerably in recent years. Concerning that, we converted our JVs into future options for contract manufacturing, should the present tension relax, that also keeps our many relationships intact.
C. Our primary focus is the US markets, and our relationships with Roush and other pilot programs are already in the works. D. Our first go-to-market vehicle will be our delivery trucks, equivalent to spring vans, Amazon delivery, or UPS- style vehicles. Roush will manufacture these vehicles. Rouse provided the engineering and feasibility plans and blueprints.
4. How many different cars/series will you be creating?
Answer:
A. In the near future, we expect to only focus on our Class 3-6 hydrogen-electric trucks and our SUV. Both vehicles have the engineering and feasibility reports completed and much of the engineering ready.
B. While we have no name for the trucks yet, the name of our SUV will be “The myst”.
5. Will there be high-end cars or focused on the middle class? How is affordability?
Answer:
A. As with any new emerging automotive products, early adopters always pay higher prices. Similar to telephones or computers. The first phones were thousands of dollars until scale and saturation brought the cost down to 200 dollars. Our SUV’s all-electric hydrogen should cost similar to a Cadillac Escalade.
6. Will the company be building a new supercar or sports car?
- Answer
- A. Yes, we already have the second-generation Scorpion on the drawing board. It will be in the supercar class.B.
- B. It will be 100% hydrogen-electric. It is presently called the “PHOENNIX” zero emission, 200 mph. The price is unknown but probably in the 250-400k price range.
- 7. How do you think you will be able to compete with larger companies like Honda and Ford or take some of the larger companies market share?
- Answer:
- A. It is not competition in the usual sense, and our fossil fuel industry is over 100 years old. Hydrogen Electric or Battery Electric is a whole new species. A whole new energy source powers it. Governments have mandated a complete transition away from fossil fuels. That represents a market of over 2 billion vehicles to be built or replaced by 2050.
- B. If all of the auto manufacturers in the world began only to produce EVs, it would take a significant number of years beyond 2050 to even come close to that goal. That opens a tremendous market for boutique automakers like ourselves to acquire a niche market. Like the California gold rush or the Oklahoma land rush, the market is much greater than current manufacturing capabilities globally.
- 8. With supply chain issues, how will you ensure car parts are easily accessible to avoid back orders on parts?
- Answer
- A. Using our collective several hundred years of experience at the executive level in the industry, we have leveraged our relationships with the largest manufacturers of automobiles. Using our outsourcing model with contract manufacturing, we can take advantage of supply chains through our partner’s and vendors’ long-established supply chains.
- B. Many people don’t know that fossil fuel vehicles contain over 30,000 parts. While EVs only contain about 10,000 different parts.
- 9. Will you add more people to the board of directors with experience in the car market?
Answer:
a. We already have a well-established board of well-seasoned Fortune
500 executives
b. Fortune 500 executives from our executive team from all facets of the automotive industry.
c. Most of our top executives and associates are recognized by the automotive industry as the top in their field and have assisted companies like (Honda, Fisker, BMW, Ford, GMC, Maybach, and many others
10. What sets the company’s engineering and design apart from other automobile manufacturers
Answer
A. RONN has a clean slate in the architecture and design of their vehicles. For the first time in 100 years, we are watching the evolution of fossil fuel change.
Just like the innovation of the phone has evolved into a wireless cellular device that serves as a platform for technology. We are designing vehicles with that same frame of mind. These technology platforms integrate the latest features and innovations from companies worldwide to empower the driver with more than transportation but a better quality of life.
Like all-electric vehicles, fuel cell electric vehicles (HFCEVs) use electricity to power an electric motor. In contrast to other electric vehicles, HFCEVs produce electricity using a fuel cell powered by hydrogen, rather than drawing electricity from only a battery. During the vehicle design process, the vehicle manufacturer defines the power of the vehicle by the size of the electric motor(s) that receive electric power from the appropriately sized fuel cell and battery combination.
Although automakers could design an HFCEV with plug-in capabilities to charge the battery, most HFCEVs today use the battery for recapturing braking energy, providing extra power during short acceleration events and to smooth out the power delivered from the fuel cell with the option to idle or turn off the fuel cell during low power needs. The amount of energy stored onboard is determined by the size of the hydrogen fuel tank.
1 Kilo of Hydrogen is the equivalent of 70 miles per gallon of gasoline. The average hydrogen automobile carry’s 8 kilos of hydrogen
This concludes our interview with Ronn Ford from Ronn Motor group we hope you enjoyed you can check their twitter out here: RONN Motor Group, Inc. (@RONNMotorGroup) / Twitter Their website: RONN MOTOR GROUP, INC.
Disclaimer: We are not investment advisors, nor do we claim to be such. We conducted the interview in hopes to learn more about the company and it’s in no way a solicit to buy or sell securities.