24/7 Market News Snapshot 04 February, 2025 – Volcon, Inc. Common stock (NASDAQ:VLCN)

February 4, 2025

DENVER, Colo., 04 February, 2025 (247marketnews.com) – (NASDAQ:VLCN) are discussed in this article.
Volcon, Inc. (NASDAQ:VLCN) is experiencing a significant surge in investor interest, reflected in its pre-market trading where shares are priced at $6.39, marking an impressive increase of 91.3% from the previous close of $3.34. The trading volume has reached 4.37 million shares, indicating strong market confidence and the potential for continued momentum. This uptick comes as the company strategically enhances its portfolio in the electric vehicle sector.

In addition to this market enthusiasm, Volcon has also entered into a groundbreaking exclusive distribution agreement with Super Sonic Company Limited, a subsidiary of ODES Industries. This partnership allows Volcon to distribute Super Sonic’s advanced golf carts to original equipment manufacturers (OEMs) throughout the United States. CEO John Kim expressed optimism regarding this collaboration, citing Super Sonic’s established presence and manufacturing capabilities in Vietnam as crucial assets to meet the escalating demand for quality golf carts.

The current landscape of the golf cart industry is evolving, particularly following regulatory changes that impact imports. The U.S. Census Bureau reports a notable influx of golf carts from China, prompting concerns regarding trade practices linked to foreign subsidies. In response, the Department of Commerce has imposed steep tariffs on these imports, ranging from 149% to 500%, which opens avenues for Volcon to offer competitively priced alternatives. With a significantly lower import tariff of 2.5% through the agreement with Super Sonic, Volcon is well-positioned to capture market share from traditional suppliers, including major retailers like Lowe’s and Home Depot, who currently depend on Chinese manufacturers.

As Volcon progresses with this exclusive distribution arrangement, it also anticipates innovative golf cart designs from Super Sonic (AODES) that could redefine market standards, further driving its growth and solidifying its position in the evolving golf cart industry.

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