Volcon announces CEO update, results of strategic shift

After one year of John Kim at the helm of Volcon (VLCN) ePowersports, their recent successes can be attributed to his strategic shift. In the last 12 months Kim was able to switch Volcon from being a mostly R&D organization developing its own electric offroad technologies into a company that is focused on collaborating with manufacturers to brand and sell high-quality electric vehicles. This has positioned Volcon to be a true disruptor in the ePowersports business, which was made especially apparent with their recent AODES collaboration. Volcon’s AODES announcement allowed them to raise $19.45 million to fund their foray into the golf cart and utility vehicle market. Bringing high-quality, low-cost electric vehicles from Vietnam into the US market creates a tremendous opportunity for grabbing significant market share.