Innovative Electric Vehicle manufacturer VaporBrands International Inc (OTCMKTS:VAPR) on May 10, 2022, announced on completing the development and assemblingof modular chassis, which would be harnessed for the new vehicles. The chassis can be configured to severalwheelbases, which would make it appropriate for a considerable number of vehicles.
Trading Data
On Tuesday, VAPR stock fell 8.63% to $0.0227 with 844K shares, compared to its average volume of 818K shares. The stock moved within a range of $0.0190 – 0.0250 after opening trade at $0.0249.
OTC Markets Designates “VAPR” E-Cite Motors as Highest Possible Tier of All Companies Trading on the OTC Markets Pink, to Pink “Current Information”
The company took delivery of the first chassis No. 001 and will be installing suspension, batteries as well as other mechanicals at its Bothell, WA facility.
COO Gene Langmesser said that the firm has a completely designed chassis that can be suitable for diverse types of vehicles. Langmesser added that the firm will be focusing on strengthening the final design of the body, interior as well as other integrated components.
Design, development as well as initial assembly were completed in-house harnessing a modern platform suite for computer-aided manufacturing, engineering as well as Product Lifestyle Management software. Made from laser-cutaluminum extrusions, the skateboard spaceframe harnesses carbon fiber composite panels.
VaporBrands International has been confirmed by OTC Markets Group to the “Current Information” Pink tier. The firm also gave a Change of Control application with OTC Markets. An American financial market company, OTC Markets Group gives liquidity and pricing information on over 10,000 securities. Headquartered in New York City, OTC-traded securities are organized into three markets.
Technical Data
VAPR stock is trading above the 50-Day and 200-Day Moving averages of $0.0193 and $0.0136 respectively. However, the stock is trading below 20-Day moving average of $0.0237.
