RONN MOTOR GROUP, INC. ANNOUNCES
ITS FIRST HYDROGEN FUEL CELL SUV, NAMED "MYST," ANTICIPATED FOR LIMITED RELEASE IN CALIFORNIA AND CHINA MARKETS IN 2022.
The fully engineered SUV named "MYST" is the first to be built on our new q-series multi-platform SUV / SEDAN / MPV ALL-Electric Hydrogen Fuel-Cell Chassis.
Today, Scottsdale, Arizona, August 3, 2020, RONN Motor Group announced the anticipated 2022 release of its new Hydrogen Fuel Cell SUV the "MYST," named for the fact the only emission from a hydrogen fuel cell vehicle is water vapor. Taking its design cues from the "Scorpion," RONN's globally recognized hydrogen enhanced supercar, the "MYST" will keep the sporty look, stylistic features, and a complete package of engineering firsts:
• Engineered in the United States by a team of automotive industry experts to exceed all global safety requirements.• Represents the first modular BEV and Hydrogen Fuel Cell flexible platform that maximizes the wheelbase for best-in-class interior space with a distinctly modern appearance.
• Our unique designs for the SUV, CUV, MPV, and delivery vehicles with a standard bill of the process with high levels of commonality for engineering and operations efficiencies.
• With extensive use of the latest engineering modeling and simulation tools to deliver multi-material, design, and manufacturing optimizations for weight and performance, it offers a best-in-class driving experience.
• With our proprietary fuel-cell technologies, including graphene plates, co-packaged with an OE tier-one fuel cell provider.
Ronn Ford, the company’s CEO, said, " we are as a company extremely excited to announce our new fully engineered all-electric/fuel cell multi-vehicle platform, as the hydrogen/electric vehicle market is having many breakout moments in the capital markets. Our vehicle is thoroughly engineered, computer tested for certifications in both China and the US, the US and European supply chains have been developed, and our body design teams are earnestly working on the final design for release to the public.
As our company growth, engineering and manufacturing development have come into alignment, both in the US and China, we have been approached by several public SPAC's in the last several weeks and are currently in discussions. Jerry Lavine, our new executive in charge of product development, and former Ford executive added "the MYST" SUV will define the global benchmark for product features and performance that are only achievable with the RONN Motor Group's all-new dedicated hydrogen fuel cell platform."
• RMG has grown into a multinational company with about 80 executives and engineers in both US and China.
• It plans to launch to market its first mid-duty Class 3-6 fuel cell logistic truck in late2021. This truck will be produced in one of its JV in China.
• It has also completed engineering and supplier certification of a pre-production SUV / Sedan platform and plans to launch an all-electric/fuel cell electric SUV/Sportscar in 2022.
• RMG has formed two JVs in China.
• Formed a JV with a Chinese truck manufactures in one of its existing truck plants, which is 2 hours away from Shanghai. RMG owns the manufacturing facilities with an estimated asset value of over $100 million with over 2,000,000 square feet of manufacturing space.
• The JV partner - Kawei group is a well-established Automaker in China with an annual production value of $500M and fixed assets of $3B. It has more than 2000 employees. RMG plans to produce the logic truck in this JV leveraging Kawei's truck planform, experience, expertise, and licenses.
• RMG formed another JV with the Chinese Taixing municipal government, also 2 hours away from Shanghai. The JV partner committed $20 million and has already invested $2.2 million into the JV. It has also provided RMG a new 3-floor office building rent-free as China HQ in the prestigious Hongqiao district of Shanghai. Will co-invest in low volume all-electric-hydrogen fuel-cell luxury SUV/sportscar manufacturing facility.
• Chinese Qingdao municipal government has issued pre-orders for vehicles that could equal $200 million in sales; the initial focus will be fuel cell logistic trucks.
• Strategic Partnership in place to build an automobile manufacturing facility
• Ronn Ford named New Hydrogen Ambassador.
• The company has partners and suppliers similar to Nikola (Bosch Power Train, Matlabs Software, Roush Engineering, ElringKlinger, all major OE global suppliers.
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