RONN Motor Group, Inc. Announces Today That It Has Signed Two JV Strategic

Partnerships In The People’s Republic Of China, To Develop Zero-Emission Hydrogen Fuel-

Cell Vehicles And Hydrogen Infrastructure

Zero emission automaker signs $100 million (USD) registered capital JV strategic partnership on November 1, 2018 to manufacture, sell and develop hydrogen fuel-cell vehicles in China.

RONN Motor Group, Inc. announced today the signing of two JV Strategic Partnerships on November 1, 2018 leading to a definitive 3-way Joint Venture to co-develop its all-electric, zero-emission, hydrogen fuel-cell/battery automobiles and trucks and buses. “While all specifics won’t be released until all agreements are completed before January 31, 2019, RONN will retain 51% of the new energy vehicle Joint Venture relationship at $5.00 (USD) per share,” said Ronn Ford, CEO.

Kevin Hong, founder and Chairman of Arbor Lake Capital, the advisory group for RMG, stated, “With the driving factors of NEV national policies and industries, the fuel cell commercial vehicles in China is expected to enter the regional maturity stage in 2020-2025 and will reach an outbreak growth in 2025-2030. In terms of fuel-cell passenger cars, it is expected that the market would enter the mass production stage in 2020-2025.”