The Company is evaluating acquisitions of engineering, procurement, and construction (EPC) solar providers, as well as reviewing seven solar power plant projects ranging from 300 kW to 1.5 MW. These steps position Thunder Power for vertical integration and improved margins in renewable energy deployment. Accessibility StatementSkip Navigation Thunder Power accelerates integration of Taiwan assets and expands renewable energy portfolio, marking a tenfold increase in solar capacity to advance third-quarter op ...

Revenue Generation - The company has not generated any revenue from EV sales and expects to generate revenue from the sale of its EV models, technology licensing, and R&D services [156]. - The company expects to continue incurring substantial operating losses due to the capital-intensive nature of its business and the lack of commercially available vehicles [151]. - The company has faced significant operating losses since inception and continues to struggle with generating sufficient revenue to cover operational costs [174]. - The company has not met the sales/revenue condition for the year of 2024, which may impact the release of Earnout Shares [184]. Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of approximately $0.4 million, a decrease from a net loss of $0.9 million for the same period in 2024 [166]. - The company incurred a net loss of approximately $1.7 million and $2.5 million for the nine months ended September 30, 2025 and 2024, respectively [169]. - The company incurred general and administrative expenses of approximately $428,053 for the three months ended September 30, 2025, compared to $912,314 in 2024, reflecting a significant reduction in professional and consulting expenses [165]. - General and administrative expenses for the nine months ended September 30, 2025, were approximately $1.7 million, down from $2.5 million in 2024, primarily due to a lack of share-based compensation expenses compared to the previous year [168]. Cash Flow and Liquidity - As of September 30, 2025, the company's cash balance was $16,441, down from $33,636 at the end of the same period in 2024, indicating a net decrease in cash of $36,175 [175]. - Net cash used in operating activities for the nine months ended September 30, 2025 was approximately $1.4 million, primarily due to a net loss of approximately $1.7 million [176]. - The company reported cash provided by financing activities of approximately $1.3 million for the nine months ended September 30, 2025, primarily from borrowings from the controlling shareholder [179]. - The company has recorded a prepaid forward contract as a current asset, which may affect its liquidity and ability to meet short-term obligations [174]. Business Development - The company has four EV models in phased development: Coupe, Sedan, City Car, and SUV, with no new models expected to be introduced until at least 2030 [152]. - The business combination with Feutune Light Acquisition Corporation was completed on June 21, 2024, resulting in the company being renamed Thunder Power Holdings, Inc. [144]. - The company plans to utilize third-party retail distribution and full-service networks to enhance market execution, which is critical for operational success [154]. - The company has entered into a Share Exchange Agreement with shareholders of Electric Power Technology Limited, with a share exchange ratio of 119 shares of the company's common stock for every 100 ordinary shares of TW Company [148]. - The company’s common stock began trading on the Nasdaq under the symbol "AIEV" on June 24, 2024, following the business combination [146]. Future Outlook - The company is exploring new financing options, including potential debt extensions or new equity capital, to address uncertainties regarding its ability to continue as a going concern [172]. - The company’s shares were suspended from trading on Nasdaq on April 21, 2025, impacting its ability to access capital markets [174]. - The company incurred minimal research and development expenses for the three and nine months ended September 30, 2025 and 2024, recorded under general and administrative expenses [186].

Valuation & EarningsThis table compares Thunder Power and its rivals top-line revenue, earnings per share (EPS) and valuation. Get Thunder Power alerts: Gross RevenueNet IncomePrice/Earnings RatioThunder PowerN/AN/A-4.00Thunder Power Competitors$27.20 billion$1.01 billion27.42Thunder Power’s rivals have higher revenue and earnings than Thunder Power. Thunder Power is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its indust ...

Market Overview - The market has seen significant declines among several companies, including Vantage Corp, ZIVO Bioscience, CCSC Technology, Thunder Power Holdings, and GT Biopharma, influenced by company-specific developments and broader market conditions [1]. Vantage Corp - Vantage Corp's stock price plummeted by 81.09% to $1.21, with a trading volume of 15,522,991, far exceeding its average [2]. - The company is scheduled to present at the 2025 Gateway Conference, which may provide an opportunity to showcase its services and potentially influence future stock performance [2]. CCSC Technology International Holdings - CCSC Technology experienced a 41.45% decrease in its stock price to $1.3701, with a trading volume spike to 11,391,387 [3]. - The company announced a memorandum of understanding with Konstruktor Group to develop a new supply chain management center in Serbia, aiming to enhance its logistics and manufacturing infrastructure in Europe [3]. Thunder Power Holdings - Thunder Power Holdings saw a 35.07% fall in its stock price to $0.19, with minimal trading activity [4]. - The company is focused on expanding its operations in Taiwan and is making strides in the clean energy market, which may impact its future stock performance [4]. GT Biopharma - GT Biopharma's stock decreased by 33.23% to $0.72, with a trading volume of 5,837,946 [5]. - The company is advancing its TriKE® platform for cancer treatment and has reported its financial results for the second quarter of 2025, which may influence investor sentiment and future stock movements [5]. Conclusion - These developments highlight the dynamic nature of the market, with company-specific news and strategic initiatives playing a crucial role in stock performance [6]. Investors are closely monitoring these companies for any updates that could impact their future trajectories [6].

Progress on Taiwan Share Exchange and Strategic Partnerships WILMINGTON, Del. , Sept. 22, 2025 /PRNewswire/ -- Thunder Power Holdings, Inc. (OTCQB: AIEV)Â ("Thunder Power" or the "Company"), a technology innovator and developer of premium passenger Electric Vehicles (EVs), today announced several important operational updates and strategic developments to expand its position in clean energy markets and support its long-term growth objectives. ...

Group 1 - The five Chinese concept stocks with the largest closing declines are Sentage down 29.28%, Kaixin Auto down 25.35%, Zhongyang Financial Group down 21.62%, AieV Auto down 21.20%, and Chuangzhi Global Technology down 18.20% [1][1][1] - Sentage's latest price is 2.850 with a decline of 1.180 and a trading volume of 1.7891 million [1][1] - Kaixin Auto's latest price is 0.799 with a decline of 0.271 and a trading volume of 743,400 [1][1] - Zhongyang Financial Group's latest price is 1.450 with a decline of 0.400 and a trading volume of 2.6265 million [1][1] - AieV Auto's latest price is 0.0788 with a decline of 0.0212 and a trading volume of 3,981.87 [1][1] - Chuangzhi Global Technology's latest price is 0.6945 with a decline of 0.1545 and a trading volume of 1.4339 million [1][1]

Group 1 - The top five gaining Chinese concept stocks at the close were: Senmiao Technology up 61.25%, Roma Green Finance up 38.83%, Four Seasons Education up 29.18%, Nature Forestry up 23.3%, and Changwei Automotive up 20.75% [1] - Senmiao Technology (AIHS) closed at 3.870 with a gain of 61.25%, increasing by 1.470, and had a trading volume of 1.025 billion [1] - Roma Green Finance (ROMA) closed at 2.485 with a gain of 38.83%, increasing by 0.695, and had a trading volume of 307.6 thousand [1] - Four Seasons Education (FEDU) closed at 14.210 with a gain of 29.18%, increasing by 3.210, and had a trading volume of 427.2 thousand [1] - Nature Forestry (NWGL) closed at 1.270 with a gain of 23.30%, increasing by 0.240, and had a trading volume of 192.34 thousand [1] - Changwei Automotive (AIEV) closed at 0.1100 with a gain of 20.75%, increasing by 0.0189, and had a trading volume of 8.188 thousand [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41424 Thunder Power Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | 87-4620515 | | --- | --- | | (State ...

Core Viewpoint - Thunder Power Holdings, Inc. has received shareholder approval for a Share Exchange Agreement to acquire approximately 30.8% of Electric Power Technology Limited (TW Company), facilitating its expansion into Taiwan's renewable energy sector and enhancing its clean energy capabilities [1][2][3] Group 1: Acquisition and Strategic Expansion - The acquisition of TW Company is a significant step in Thunder Power's growth strategy, allowing the company to diversify its revenue streams and establish a scalable model for sustainable mobility [2][3] - This transaction provides Thunder Power with access to solar generation capacity and manufacturing resources, strengthening its position in the renewable energy sector [3][6] Group 2: Future Growth Initiatives - Thunder Power's strategy includes expanding its clean energy platform through the TW Company investment, aligning with Taiwan's national renewable energy targets [6] - The company aims to leverage relationships and manufacturing resources in Taiwan to advance its proprietary EV technologies, focusing on scaling in Asian and European markets [6][7] Group 3: Portfolio Diversification and Technology Development - The company will pursue opportunities in renewable energy and storage to complement its core EV business, broadening its revenue base and evaluating additional international transactions [7] - Thunder Power plans to utilize Taiwan's manufacturing resources to advance the development and launch of its proprietary EVs, integrating its EV platforms with renewable energy and storage assets to meet evolving global mobility and energy needs [7][8]

Core Viewpoint - Thunder Power Holdings, Inc. has received approval to trade on the OTCQB Venture Market, marking a significant step in its growth strategy and collaboration with Electric Power Technology [1][3][6] Company Updates - The company's common shares began trading on the OTCQB under the ticker "AIEV" effective June 5, 2025, which is recognized by the SEC as an established public market [3][6] - Thunder Power plans to hold its Annual Meeting of Stockholders to approve a Share Exchange Agreement with Electric Power Technology Limited, aiming to acquire approximately 30.8% of TW Company's total issued shares [5][6] - A proposed reverse stock split is intended to enhance the company's visibility, improve liquidity, and attract a broader base of institutional and retail investors [4][6][9] Strategic Initiatives - The partnership with Electric Power Technology is expected to open new opportunities across the electric vehicle value chain, leveraging complementary strengths for mutual growth [3][8] - The company aims to strengthen its capital base and accelerate growth initiatives by issuing additional shares as part of the Share Exchange Agreement [9][10] - Thunder Power is focused on expanding its footprint in the renewable energy sector, with the Taiwanese government targeting 15% of electricity from renewable sources by 2025 [7][8] Market Context - The company is positioned to capitalize on emerging opportunities in both the electric vehicle and clean energy markets, with solar generation in Taiwan representing 5% of the electricity market in 2024 [6][7] - The strategic acquisition of assets and technologies in Taiwan is expected to support Thunder Power's long-term growth and global expansion strategy [8][10]