Fox E-mobility AG Shifts Strategy for Profitability

Fox e-mobility AG has announced a pivotal change in its corporate strategy to enhance profitability with a reduced investment horizon. The company's Management Board, backed by the Supervisory Board, has decided to pivot from solely manufacturing the MIA 2.0 series. This decision eliminates the need for significant capital expenditures previously anticipated pre-production.

Under the new strategy, Fox e-mobility will seek license production or co-production partnerships with major automobile manufacturers. This shift allows the company to focus on financing and development, aiming for quicker, dividend-generating profits.

The strategic realignment is expected to minimize risks for shareholders and accelerate profit realization. Additional details can be accessed on the company's website.