E-Cite Motors (OTCMKTS: VAPR) is making a steady move northbound since a brief dip below the $0.03 mark. The stock made a big move earlier this year to highs of $0.0949 before a slow drift downward culminating in the recent reversal and move back over $0.03 per share. This is a really exciting time for VAPR and there is a reason why the stock is moving northbound; recently the Company was recently assigned a World Manufacturers Identifier from SAE International. E-Cites manufactures ID is 21725 which is a requirement to manufacture vehicles in the United States. 

The Company is developing 3 different EVs including its new EV sportscar codenamed the “E-CGT” in the Company’s Bothell, WA facility. The sportscar (of which the prototype is currently being built) is a two seat Targa Top which will be available in a variety of configurations. They are also building a new all-wheel drive EV Truck that will have dual motors and be extremely capable of both off-road exploration and boulevard cruising. The Company is also moving forward with the production of its’ flagship Hypercar. E-Cite has officially registered it for manufacture and sale with the “NHTSA” in accordance with (49 CFR Part 586) for use on public roads and expects full approval within 90 days. The all-wheel drive, all electric Hypercar is expected to exceed 222 mph and sub 2.0 zero to 60 times. It utilizes E-Cites revolutionary configurable chassis that has been engineered to withstand speeds exceeding 270mph. The EV 222s body incorporates E-Cites specialty exotic carbon fiber blend. Base retail price of the vehicle is projected to be $222,000 USD and the Company expects to begin taking reservations in the next 30 days. 

www.ecitemotors.com (OTC PINK:VAPR) is a publicly traded company based in Bothell that is developing and manufacturing, state of the art electric vehicles utilizing the latest in technologies with a flare of some of the iconic autos of the past. VAPR recently acquired 100% ownership in E-Cite Motors, Acclaimed Automotive www.acclaimedauto.com, and N2A Motors www.n2amotors.com a California-based custom auto manufacturer and car factory specializing in designing, engineering and building prototype, concept, and limited production vehicles for OEMs, corporations, movies, and private owners. Following the acquisitions which also resulted in a change of controlling shareholder, the Company announced its intention to change its name and ticker symbol to reflect the move into the EV business and the acquisition of E-Cite Motors, Acclaimed Automotive, and N2A Motors. 

Following the acquisitions of E-Cite Motors, Acclaimed Automotive and the assets of renowned N2A motors, the Company brought on legendary automobile designer Gene Langmesser as the COO. In addition to leading design and product development teams and prototyping for automobile manufacturers such as Porsche, Mercedes, Lexus, Ford, Hyundai, and others, he has also created or built many movie cars or props. Most notably the futuristic Lexus 2054 driven by Tom Cruise in “Minority Report”, Queen Latifa’s transforming taxis in “Taxi”, fighter ships in “Battlestar Galactica”, the Batmobile driven by George Clooney in “Batman and Robin”, and the Terminators bodies in Terminator 3. Furthermore, in 2016 Gene and N2A were task to design and build the first ever Hydrogen Hybrid Semi-Truck, by Nikola Motors which they completed. 

E-Cite has several key advantages over other auto manufacturers. Unlike competitors Tesla, Nikola, Polestar, Lucid, VW, Ford, Jaguar, and others, E-cite is not required to meet any of the safety or other costly certifications of a traditional auto manufacturer making the ease and timeline of offering new vehicles to market significantly more favorable. Whereas the initial timeline to be able to deliver a production vehicle to market generally exceeds 3 years and often longer at a very high cost, E-Cite expects to be delivering its first production vehicles for the 2023 model year. That is less than 12 months from inception to the showroom. 

This is possible because E-Cites vehicles qualify under the “Low Volume Vehicle Manufacturers Act of 2015” In 2015 Congress enacted a bill into law directing the NHSTA to establish a program allowing low volume motor vehicle manufacturers to produce a limited number of vehicles annually within a regulatory system that addresses the unique safety and financial issues associated with limited production, and to direct the EPA to allow low volume motor vehicle manufacturers to install engines from vehicles that have been issued certificates of conformity. Although they were given one year to establish this new program it took until January 2021 until the NHSTA issued a final ruling to allow low volume vehicle manufacturing. Under the act car manufacturers that meet the criteria are exempt from all the safety standards but they must meet current emissions standards. There are no emissions standards for EV vehicles. 

E-Cite Motors vehicles will utilize a modular design engineered to allow the production of vehicles utilizing a skateboard style chassis that uses hub electric motors. As the system is fully modular this allows for configurations ranging from low powered batteries and only a single 100hp motor on up to a high powered 1000hp performance vehicle utilizing AWD and 4 250hp motors or beyond. No word yet if they have an extended auto warranty.

$vapr

Fleet is growing—EV Sportscar, Super SUV Truck, and now the EV222

Hypercar “EV222” (pic). 0-60 -2sec; 222mph+; orders taken in the next 30 days; retails for $222K

Word Manufacture ID achieved in Jul 22; US Manufacture ID accepted and processed for all 3 models pic.twitter.com/9X1cZVjwyD

— 1EyedWilly (@1EyedWilly8) October 4, 2022

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Earlier this year VAPR was assigned a World Manufacturers Identifier from SAE International, the registration authority for International Standard ISO 3780. E-Cite Motors Group WMI Code is 1V9 which will be positions 1,2, and 3 of the VIN of all E-Cite Motors passenger vehicles. The WMI Extension is 255 which will occupy positions 12, 13, and 14 of all E-Cite Motors passenger vehicles. E-Cites’ application for a manufactures ID has been accepted and processed by the NHTSA. E-Cites manufactures ID is 21725 which is a requirement to manufacture vehicles in the United States. 

The Company also secured production and naming rights of “Duesenberg EV” in perpetuity for use in the production of passenger vehicles and other ancillary products. The Branding includes exclusive use of historical Duesenberg logo typeface when utilized as “Duesenberg EV” and the traditional Duesenberg emblem (eagle) when utilized as “Duesenberg EV”. In addition, E-Cite has claimed the use of the term Duesy EV (and its derivatives Duesie EV, Duesey EV, Doozy EV, Doozie EV, Doozey EV etc. and the inverse EV Duesie, EV Duesey, EV Doozy, EV Doozie, EV Doozey etc.) 

In September VAPR released additional details of its affordable EV Sportscar currently scheduled for the 2023 model year. The sportscar (of which the prototype is currently being built) is a two seat Targa Top which will be available in a variety of configurations. All variants have a wheelbase of 96.5″ and are being offered initially with Rear Wheel Drive with a choice of 3 different motor options. The entry level motor has been upgraded from the previously announced 281HP to 450HP with 450 Nm of Torque. The mid-level motor is now rated at approximately 540HP with 600Nm of Torque. The Top-of-the-line Performance Versions motor produces approximately 640HP with 650Nm of Torque. Range is expected for all models to be around 300 miles give or take based on final configuration and driving style. Performance figures are expected range from Zero to 60 mph in just over 4 seconds in base models to approximately 2 seconds in performance models. 

The Company is also submitted its all-wheel drive street legal on and off-road vehicle registration with the National Highway Traffic Safety Association “NHTSA” in accordance with (49 CFR Part 586). The new all-wheel drive EV Truck will have dual motors and be extremely capable of both off-road exploration and boulevard cruising. 

On October 4 VAPR announced it is moving forward with the production of its’ flagship Hypercar. E-Cite has officially registered it for manufacture and sale with the “NHTSA” in accordance with (49 CFR Part 586) for use on public roads and expects full approval within 90 days. The all-wheel drive, all electric Hypercar is expected to exceed 222 mph and sub 2.0 zero to 60 times. It utilizes E-Cites revolutionary configurable chassis that has been engineered to withstand speeds exceeding 270mph. The EV 222s body (as it is currently being called) incorporates E-Cites specialty exotic carbon fiber blend. Base retail price of the vehicle is projected to be $222,000 USD and the Company expects to begin taking reservations in the next 30 days. 

This marks the third formal submission to the NHTSA for registration of its new electric vehicles to be legally driven on public roads. E-Cite has already submitted for its affordable EV Sportscar, and a Super SUV Truck, all of which are currently being processed. 

$VAPR

Daily view, .0273 needs to hold as support from here but volume is slowly stepping in this could be the beginning adds of a bottom before the reversal. MACD looks nice as well. pic.twitter.com/q2TepdREHm

— DB Daytrades (@DB_Daytrades) October 3, 2022

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Currently trading at a $9 million market valuation VAPR has a low float of just 46,451,164 shares, little debt of just over $400k, is currently undergoing an audit and just reduced the OS by 10 million shares. VAPR is an exciting story developing in small caps; since the change of control, acquisitions of E-Cite Motors, Acclaimed Automotive and the assets of renowned N2A motors and move into the EV business, VAPR is developing 3 different EVs including its new EV sportscar codenamed the “E-CGT” in the Company’s Bothell, WA facility. The sportscar (of which the prototype is currently being built) is a two seat Targa Top which will be available in a variety of configurations. They are also building a new all-wheel drive EV Truck that will have dual motors and be extremely capable of both off-road exploration and boulevard cruising. The Company is also moving forward with the production of its’ flagship Hypercar. E-Cite has officially registered it for manufacture and sale with the “NHTSA” in accordance with (49 CFR Part 586) for use on public roads and expects full approval within 90 days. The all-wheel drive, all electric Hypercar is expected to exceed 222 mph and sub 2.0 zero to 60 times. It utilizes E-Cites revolutionary configurable chassis that has been engineered to withstand speeds exceeding 270mph. The EV 222s body incorporates E-Cites specialty exotic carbon fiber blend. Base retail price of the vehicle is projected to be $222,000 USD and the Company expects to begin taking reservations in the next 30 days. We will be updating on VAPR when more details emerge so make sure you are subscribed to Microcapdaily.

Disclosure: we hold no position in VAPR either long or short and we have not been compensated for this article.

The post E-Cite Motors (OTCMKTS: VAPR) Heating Up as EV Manufacturer Secures World Manufacturers Identifier & Builds Out EV’s (EV 222s, EV sportscar, EV Truck) first appeared on Micro Cap Daily.

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