Thunder Power Holdings, Inc. · OTC:AIEV
Thunder Power — Feutune Light Acquisition — SPAC Merger (March 2024)
39 slides from Thunder Power's SPAC merger presentation, Mar 19, 2024
Slide 1: Investor Presentation March 2024
Investor Presentation March 2024
Slide 2: Disclaimer
Disclaimer 2 About this Presentation ● This investor presentation (together with oral statements made in connection herewith, this “Presentation”) is for informational purposes only to assist interested parties in making their own evaluation with respect to the business of Thunder Power Holdings Lim
Slide 3: Disclaimer (Continued) Use of Data
3 Disclaimer (Continued) Use of Data ● This Presentation contains information, estimates and other statistical data derived from third party sources, including research, surveys or studies conducted by third parties, information provided by customers, and/or industry publications . Although FLFV and
Slide 4: Disclaimer (Continued)
4 Disclaimer (Continued) ● These “forward - looking statements” are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of Thunder Power’s management and are not predictions of actual performance . These forward - looking statements are provi
Slide 5: Disclaimer (Continued) Use of Projections
5 Disclaimer (Continued) Use of Projections ● This Presentation contains financial forecasts with respect to Thunder Power’s projected financial results, including Revenue and EBITDA for Thunder Power and its segments for fiscal years 2025 E through 2029 E . Neither Thunder Power’s or FLFV’s indepen
Slide 6: Disclaimer (Continued) Trademarks
6 Disclaimer (Continued) Trademarks ● Thunder Power owns or has rights to trademarks, service marks, and trade names that it uses in this Presentation that are important to its business, many of which are registered under applicable intellectual property laws . This Presentation also contains tradem
Slide 7: Feutune Light Acquisition Corporation Overview
7 Feutune Light Acquisition Corporation Overview Post - combination Value Creation Strong Management Team Seasoned and strong management having a track record of driving growth and profitability High Growth Potential Pursue businesses with the p otential for revenue and earnings growth through a com
Slide 8: Transaction Highlights
8 Transaction Highlights • Feutune Light Acquisition Corporation (NASDAQ:FLFV) is a publicly listed special purpose acquisition company with approximately $53M of cash held in trust as of September 30, 2023. On October 26, 2023, FLFV entered into a business combination agreement with Thunder Power H
Slide 9: Thunder Power's Mission
9 Thunder Power’s Mission To power the future with style , innovation , and optionality .
Slide 10: What We Do
10 What We Do We develop and manufacture premium passenger electric vehicles with differentiated designs and solutions for every lifestyle.
Slide 11: Market Opportunity
Europe United States 11 Market Opportunity Global new EV car sales exceeded 70m units in 2022. 14% of global new car sales were EVs in 2022 • 25% of global EV sales • 1 out of every 5 new cars sold in 2022 was an EV • 8% of global EV sales • EV sales increased 55% in 2022 Source: International Energ
Slide 12: Global EV Sales
12 Global EV Sales GLOBAL PENETRATION RATE based on Bloomberg NEF's Electric Vehicle Outlook 2023: • The EV share of global new passenger vehicle sales jumps from 14% in 2022 to a projected 30% in 2026. • Longer term, EVs are forecasted to reach 44% of global passenger vehicle sales by 2030 and 75%
Slide 13: Why Now
Why Now 13 Ongoing developments in EV charging infrastructure have encouraged broader customer bases to consider purchasing EVs Our advanced battery technology helps extend driving range at a competitive price point Increasing global regulatory emphasis on sustainability Multiple market opportunitie
Slide 14: Key Benefits
Key Benefits 14 Extensive Driving Range Differentiated Design Battery & Battery Management System Modular Production Proprietary Technology Industry Experience Competitive driving range of 750 km, or roughly 466 miles, made possible by several patented features that are lighter than competing system
Slide 15: Thunder Power Family of Vehicles
Limited Edition Coupe Compact City Car Long - range Sedan Long - range SUV 15 Thunder Power Family of Vehicles
Slide 16: Limited Edition Coupe
Limited Edition Coupe 16 Chart Your Own Course European styling with superior comfort, performance, and craftsmanship. 750 km (or 466 m) driving range Note: Specifications above are based o n Thunder Power's internal analysis and valuation of the prototype models.
Slide 17: Compact City Car
Compact City Car 17 Born for the Streets 350 km (or 217 m) driving range Perfect for city living, daily commutes, or a busy college campus. Note: Specifications above are based o n Thunder Power's internal analysis and valuation of the prototype models.
Slide 18: Long-range Sedan
Long - range Sedan 18 Born without Limits 700 km (or 435 m) driving range Superior acceleration, zero to 100km in 3.2 seconds Note: Specifications above are based o n Thunder Power's internal analysis and valuation of the prototype models.
Slide 19: Long-range SUV
Long - range SUV 19 Go the Distance 700 km (or 435 m) driving range One of the highest battery capacity in its class at 110 kWh Note: 1. Specifications above are based o n Thunder Power's internal analysis and valuation of the prototype models. 2. The comparison of highest battery capacity is based
Slide 20: Technology
20 Technology The configuration not only improves vehicle handling and reduces body weight , but it also allows maximum flexibility in interior design . Multi - link Suspension System Modular Chassis with Lightweight Engineering Cost - effective modularity utilized by all four current EV models of T
Slide 21: Production Timeline
Production Timeline 21 Phase 1 – Production of Coupe and City Car for Branding Phase 2 – Manufacturing Base in the U.S. Phase 3 – Mass Production • European outsourcing strategy leveraging high - quality vendor relationships • Planned production of 100 units of the Limited Edition Coupe and 700 unit
Slide 22: Expected Annual Production Capacity
1 2 3 Phases 29,000 60,000 90,000 140,000 200,000 0 50,000 100,000 150,000 200,000 250,000 2025 2026 2027 2028 2029 2030 Expected Annual Production Capacity Outsourcing in Europe 22 Planned Annual Production Capacity in the U.S.
Slide 23: Go-To-Market Strategy
Go - To - Market Strategy 23 • Limited Edition Coupe will be the technology and design showcase of the Brand and to establish brand awareness • C ompact City Car will be launched later, targeting the general public market • Since the consumer journey is much shorter, we target to reach a wider audie
Slide 24: Who We Are
Who We Are 24 • Professor Hollihan publishes in argumentation, media and politics, media diplomacy, political campaign communication, contemporary rhetorical criticism, and the impact of globalization on public deliberation. • Chairs the Executive Committee of the USC US - China Institute. Thomas Ho
Slide 25: Who We Are
Who We Are 25 • Cutting - edge researcher in industrial motor design • Held senior positions at leading industrial companies, including Atech Totalsolution • >30 years industry experience • Holds 35 patents in the US & Taiwan concerning motor configuration design Dr. Lou Yin Jao Dr. Mingchih Chen Al
Slide 26: Company Structure – Thunder Power Holdings Limited
26 Company Structure – Thunder Power Holdings Limited Electric Power Technology Ltd (Taiwan List Co. 4529) Gen J Holdings LLC (Delaware, USA) Other Investors 22.03 % 28.19 % 10.92 % Thunder Power Holdings Ltd (BVI) Thunder Power New Energy Vehicle Development Ltd (BVI) *AS OF 31 DECEMBER 2023 100 %
Slide 27: Appendix
27 Appendix Model Comps Financial Forecast Transaction Summary Thunder Power Traction Drivetrain Overview Summary of Risk Factors
Slide 28: Limited Edition Coupe Model Comparison
Weight ( lbs ) Limited Edition Coupe 28 Battery Capacity (kWh) Acceleration (0 - 60mph) Top Speed (mph) Horsepower (kW) Range (m) Price (USD) $198,000 Coupe Roadster Air Dream Owl GranTurismo Folgore Nevera Evija $200,000 $169,000 $3,200,000 $215,000 $2,200,000 $2,300,000 466 4,300 120 155 380 3.2 s
Slide 29: Long-range Sedan Model Comparison
Long - range Sedan 29 Battery Capacity (kWh) Acceleration (0 - 60mph) Top Speed (mph) Horsepower (kW) Weight ( lbs ) Range (m) Price (USD) $55,000 Sedan I5 eDrive40 Model S Air Pure Taycan Polestar 5 Mullen Five $66,800 $71,090 $74,900 $90,900 $100,000 $55,000 435 4,189 110 155 360 3.2 seconds 270 -
Slide 30: Compact City Car Model Comparison
Weight ( lbs ) Compact City Car 30 Battery Capacity (kWh) Acceleration (0 - 60mph) Top Speed (mph) Horsepower (kW) Range (m) Price (USD) $32,000 City Car 217 2,094 36 - 40 87 75 - 115 7.1 seconds $35,990 Model 3 272 3,891 57.5 125 208 5.8 seconds $28,500 VW E - Up! 159 2,723 36.8 81 61 11.9 seconds
Slide 31: Long-range SUV Model Comparison
Long - range SUV 31 Battery Capacity (kWh) Acceleration (0 - 60mph) Top Speed (mph) Horsepower (kW) Weight ( lbs ) Range (m) Price (USD) $60,000 SUV Model X Model Y Performance EQE 350 Q8 e - tron I - Pace R - Dynamic ES6 $79,990 $52,940 $77,900 $74,400 $72,000 $69,000 435 4,519 110 155 430 3.5 seco
Slide 32: Financial Forecast
32 Financial Forecast $42.2 $415.0 $637.8 $1,608.8 $3,000.0 $0 M $500 M $1,000 M $1,500 M $2,000 M $2,500 M $3,000 M $3,500 M $4,000 M Special Edition Coupe - 488 (outsource) SUV City Car (outsource) City Car Sedan $(44.9) $18.7 $34.6 $252.6 $539.9 -$100 M $0 M $100 M $200 M $300 M $400 M $500 M $60
Slide 33: Transaction Summary
33 Transaction Summary Sources ($ in millions) $53 FLFV Cash in Trust ( 1 ) $400 Thunder Power Equity Rollover ( 2 ) TBD Pipe $453 Total Sources $400 Equity Issued to Thunder Power Shareholders $47 Cash to Balance Sheet ( 1 ) $6 Total Estimated Transaction Expenses ( 3 ) $453 Total Uses Pro - Forma
Slide 34: EV Traction Drivetrain
34 EV Traction Drivetrain Product Core Competence (Patent Held by Wellen Sham) Energy Efficient • Develop synchronous motor with both PM and reluctance torque • High fill factor bar - wound winding design • Inverter drive with maximum efficiency vector control • Could achieve high efficiency in a bo
Slide 35: Summary of Risk Factors
35 Summary of Risk Factors All references to “Thunder Power,” “we,” “us” or “our” refer to the business of Thunder Power prior to the consummation of the Proposed Business Combination, and all references to the “Combined Entity” refer to “Thunder Power Holdings, Inc . ” following the consummation of
Slide 36: Summary of Risk Factors (Continued)
36 Summary of Risk Factors(Continued) • If we fail to manage our future growth effectively, we may not be able to develop, manufacture, distribute, market and sell our vehicles successfully . • We are subject to risks associated with autonomous driving and advanced driver assistance system technolog
Slide 37: Summary of Risk Factors (Continued)
37 Summary of Risk Factors(Continued) • We are dependent on our suppliers and the inability of these suppliers to deliver necessary components of our products according to our schedule and at prices, quality levels and volumes acceptable to us, or our inability to efficiently manage these components
Slide 38: Summary of Risk Factors (Continued)
38 Summary of Risk Factors(Continued) Risks Related to Post - Closing Operations • FLFV will have limited rights after the Closing to make claims for damages against Thunder Power or Thunder Power’s stockholders for the breach of representations, warranties, or covenants made by Thunder Power in the
Slide 39: Thank You
39 www.tpev.com Thank You