Thunder Power Holdings, Inc.

Overview

Thunder Power Holdings, Inc. is an early-stage technology company pursuing electric vehicle (EV) development, strategic acquisitions and alliances, and trade and consulting activities. The company reorganized through a business combination and now operates across three primary domains: Vehicle Development, Strategic Alliance & M&A, and Trade & Consulting.

Business activities

Vehicle Development

• Focus: development and production of premium EVs that emphasize Italian design, driver engagement, safety, and accessibility.
• Product roadmap:
  • Compact City Car: core product planned for launch in 2028; emphasizes Italian craftsmanship, a driver-centric experience, and integrated smart systems. Initial production is planned to be outsourced to Italian facilities, with an option to insource beginning in 2030.
  • Niche offerings: personalized vehicles including a Sports Coupe targeting a starting price around $100,000; potential retrofit/restomod projects using a modular chassis; exploration of classic car electrification (“electromods”).
  • Collaborative projects: joint ventures to enter emerging segments such as microcars. A first microcar project targets low-volume production in 2027, with a fully unique microcar contemplated around 2030 contingent on economics.

Mergers & Acquisitions

• Strategy: pursue acquisitions in clean energy and related sectors that generate near-term revenue and create strategic synergies.
• Recent activity: entered into a share exchange with Electric Power Technology Limited (TW Company) in December 2024, with amendments and follow-on steps planned to acquire a significant minority stake in TW Company post-transaction.

Trade & Consulting

• Revenue concepts: limited prestige vehicle trading to generate cash flow and build dealer relationships, design consulting, and licensing access to patent portfolios.
• Technology/licensing: exploring licensing of technologies developed by affiliates (modular chassis, wireless charging, BMS, thermal management, infotainment, cybersecurity).

Intellectual Property

• TP NEV, a wholly owned subsidiary, holds the majority of issued patents, including 154 U.S. patents.
• The company’s IP protection strategy includes patents, trade secrets, confidential information, know-how, and agreements such as invention assignments and NDAs.
• Thunder Power may pursue licenses for technologies developed by affiliates.

Manufacturing and facilities

• Near- and mid-term production is expected to follow an outsourcing model with established manufacturing partners.
• The company retains a long-term option to insource production depending on market conditions, volumes, and cost efficiency.
• Pilot production and launches are planned for Asia and Europe, with initial focus and partnerships in Taiwan and Italy as manufacturing bases for early models.

Markets and regulatory posture

• Plans include global expansion with regulatory compliance across the U.S., Europe, and Asia (safety and emissions standards, FMVSS, CARB, and other local requirements).
• Market penetration approach includes partnerships with U.S. dealership networks while supporting direct-to-consumer channels such as online ordering.

Customers and employees

• The company is pre-revenue and has not recorded vehicle sales to date.
• As of December 31, 2025, Thunder Power had 2 full-time employees.

Financials and capital

• Related entity Thunder Power Holdings Limited reported net losses of $2.12 million for the year ended December 31, 2025 and $2.50 million for the year ended December 31, 2024.
• The company’s securities were delisted from Nasdaq and now trade on the OTCQB Venture Market under ticker AIEV.
• Outstanding warrants: 10,537,475 warrants exercisable for common stock at $11.50 per share, with a five-year term from the closing. Warrant terms permit potential redemption by Thunder Power at $0.01 per warrant under certain conditions and require a current prospectus for shares issuable on exercise.
• The company expects to seek additional financing, including potential equity or debt, to support operations.

Corporate structure and contact

• Following the business combination, the predecessor FLFV became Thunder Power Holdings, Inc.
• Affiliate structure includes TP NEV (British Virgin Islands entity) and Thunder Power Hong Kong, with TP NEV holding core patents and technologies.
• Headquarters: 221 W 9th St #848, Wilmington, DE 19801. Telephone: (909) 214-2482.
• The company plans to expand manufacturing and distribution internationally and pursue licensing and partnership opportunities with affiliates.

Risk posture

• The business plan depends on licensing affiliate IP, successful production ramp-up, and commercialization of multiple vehicle models, which remain early-stage initiatives.
• The company faces typical early-stage EV risks, including supply chain and manufacturing challenges, semiconductor and battery cell supply constraints, regulatory complexity, and geopolitical considerations.

Takeaway

Thunder Power is an early-stage EV company pursuing a three-pronged strategy: develop premium EVs (including a Compact City Car targeted for 2028 and niche models), pursue M&A and licensing to monetize technology, and generate interim revenue through trading and consulting. The company is pre-revenue, maintains a small staff, plans initial outsourced manufacturing with a potential future insourcing option, and is publicly traded on the OTCQB under ticker AIEV.