Ronn Inc. To Begin Discussions in Geneva About Its New Hyper-Hydrogen Vehicle to Be the Successor to Its Scorpion Hydrogen Hybrid
RONN Inc. (OTC:RONN) announced plans to discuss its new Hyper Hydrogen Concept Automobile in Geneva. The company has signed a $100 million capital investment MOU to develop the successor to its Scorpion Hydrogen Hybrid Supercar. Global motor vehicle manufacturing rose 5.7% in May 2023. The Global Supercar Market, valued at $17.5 billion in 2023, is projected to reach $24.9 billion by 2033 with a CAGR of 3.7%. Founder and CEO Ronn Ford aims to rival brands like Bugatti and Koenigsegg with an upgraded Scorpion model. RONN Inc. aims to merge driving pleasure with cutting-edge, sustainable technologies.
- Signed $100 million capital investment MOU.
- Plan to develop a successor to the Scorpion Hydrogen Hybrid Supercar.
- Global motor vehicle manufacturing increased by 5.7% in May 2023.
- Global Supercar Market projected to grow from $17.5 billion in 2023 to $24.9 billion by 2033.
- Vision to rival top brands like Bugatti, Pagani, and Koenigsegg.
- No specific timelines or detailed specifications for the new Hyper Hydrogen Concept Automobile.
- Future uncertainties in capital deployment and project execution.
- Dependence on market growth projections, which may not materialize.
SCOTTSDALE, AZ / ACCESSWIRE / June 10, 2024 / RONN Inc. (OTC:RONN) announced today that while in Geneva the company is set to engage with potential investors, industry leaders, and the press to discuss their plans for the Hyper Hydrogen Concept Automobile. With the signing of a
Recent data from World Motor Vehicle Production indicates a notable increase in global motor vehicle manufacturing, with 85.4 million vehicles produced in May 2023, marking a
RONN Inc.'s Founder and CEO, Ronn Ford, expressed his lifelong ambition to create an automobile that rivals esteemed brands like Bugatti, Pagani, and Koenigsegg. The company's vision includes the development of an upgraded version of the Scorpion, with specifications and design insights expected to follow post the Geneva meetings.
Amid the evolving landscape of exotic, supercar, and hypercar vehicles, RONN Inc. aims to blend the timeless pleasure of driving with cutting-edge technologies that prioritize environmental sustainability. Stay tuned for further updates as RONN Inc. delves into this new era of automotive innovation.
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For more information, go to www.ronnmotorgroup.com or contact John Morgan at jmorgan@ronnmotorgroup.com.
About RONN, Inc
RONN, Inc. is a forward-thinking company dedicated to making a positive impact on the environmental credit market. With a commitment to innovation and sustainability in the commercialization of Hydrogen in both mobile and stationary sectors, RONN, Inc. strives to create value for both its shareholders and the planet.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to, the success of RONN, Inc. initiatives in the hydrogen tax credit market. RONN, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE: RONN Inc.
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FAQ
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