EQS-Adhoc
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fox e-mobility AG: Change in corporate strategy – Profitable business model with short investment horizon
- fox e-mobility AG shifts strategy for profitability.
- Focus on license production with major automaker partners.
- Reduced risks for shareholders, aiming for quick profits.
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EQS-Ad-hoc: fox e-mobility AG / Key word(s): Strategic Company Decision Change in corporate strategy – Profitable business model with short investment horizon |
The Management Board of fox e-mobility AG, with the approval of the Supervisory Board, today decided on a fundamental change in corporate strategy.
The fox e-mobility Group is moving away from its goal of operating the MIA 2.0 series production as the sole manufacturer, which would have required further significant capital expenditures in the multi-million range until series production began. This change in strategy significantly reduces the risks for existing shareholders participating in the ongoing rights issue. The MIA 2.0 complete vehicle concept, currently being developed with the new engineering team, is to be profitably marketed, thus achieving dividend-paying profits more quickly for the Group.
Effective immediately, the company is aiming for license production or co-production of the MIA 2.0 by or with a major automobile manufacturer, with fox e-mobility AG acting as the financing and development partner.
Further information can be found in the press releases and presentations on the company's website.
End of Inside Information
25-Sep-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | fox e-mobility AG |
| Königsallee 61 | |
| 40215 Düsseldorf | |
| Germany | |
| Internet: | www.fox-em.com |
| ISIN: | DE000A40ZV71 |
| WKN: | A40ZV7 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg |
| EQS News ID: | 2204032 |
| End of Announcement | EQS News Service |
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2204032 25-Sep-2025 CET/CEST
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