Thunder Power is a pre-revenue EV startup with 2 full-time employees and no vehicles in production. The company's long-term goal is to design and sell premium electric vehicles, with Italian-influenced design and a driver-focused positioning. Its primary planned product is a Compact City Car targeting urban, first-time buyers, scheduled to launch in 2028, initially in Taiwan before expanding into Asia and Europe. A Sports Coupe with a targeted starting price of $100,000 is also in development. Thunder Power owns no manufacturing facilities, and production at launch is planned to be fully outsourced to Italian manufacturing partners, with an option to bring production in-house from 2030. The company's core IP is held either by a subsidiary or by its founder personally, and no licensing agreements are currently in place. To generate cash before vehicles are in production, Thunder Power plans to trade prestige vehicles in European and Asian markets, offer design consulting and IP licensing, and pursue M&A in clean energy businesses. Thunder Power recently agreed to acquire approximately 34% of Electric Power Technology Limited, a Taiwan-based company, which management expects will provide near-term revenue. The company also plans to earn and sell regulatory emissions credits once vehicles are in production.
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