search icon
      blog search icon

      AWIN Stock Is Soaring, But Why? - Stocks Telegraph

      By Fahim Awan

      Published on

      July 26, 2023

      4:50 PM UTC

      AWIN Stock Is Soaring, But Why? - Stocks Telegraph

      Embarking on an exhilarating journey towards the future of personal transportation, AERWINS Technologies Inc. (Nasdaq: AWIN) is soaring to new heights with its groundbreaking creation – XTURISMO.

      In recent sessions, the company’s shares have surged an impressive 36.65%, reaching $0.33, a testament to the market’s excitement for their revolutionary innovation.

      Imagine a world where the boundaries of electric cars are transcended, and the thrill of airborne travel becomes a reality.

      AERWINS has accomplished just that with the development of its cutting-edge hovercraft, set to launch later this year, after obtaining the essential approvals from the Japan Civil Aviation Bureau (JCAB), Japan’s equivalent of the FAA.

      With a one-of-a-kind, patent-protected design, XTURISMO seamlessly blends the practicality of electric vehicles with the pure joy of flying, presenting a unified solution for the future of transportation.

      Anticipation is already building as the company has begun accepting initial orders for the exclusive launch of its first commercialized model, with scheduled deliveries starting in Q3 2023.

      As industry players in the automotive sector seek the latest technologies to enhance their models, AERWINS’ groundbreaking innovations are poised to reshape the electric vehicle landscape.

      At the core of AERWINS’ visionary technology lies a transformational concept for low-altitude air mobility in vehicles. By integrating its superior design with numerous electric vehicles, AERWINS has turned the concept of a flying car from a distant dream into a tangible reality.

      The compact XTURISMO can hover a few feet above the ground, navigating through traffic with ease, and with a burst of power, ascend to a height of 100 meters in just a minute.

      Its agile maneuverability allows it to execute breathtaking 90-degree turns at speeds up to 30 miles per hour and complete a 180-degree turn in one second, even while carrying a payload of up to 100 kilograms.

      AERWINS’ innovative technology has earned it several patents, including one from Japan and four from the Patent Cooperation Treaty, highlighting the uniqueness of its design and application for XTURISMO.

      The prestigious Edison Award in 2023 further recognizes the company’s dedication to pushing the boundaries of what’s possible.

      As AERWINS plans for the widespread adoption of XTURISMO, luxury car dealerships and direct-to-customer internet platforms will be the primary distribution channels.

      Additionally, the company is actively engaging with government agencies to explore potential commercial applications, aiming to become a dominant force in the Low Altitude and Ultra Low Altitude categories.

      The world is on the cusp of an extraordinary revolution in personal transportation, and AERWINS (AWIN) is at the forefront of this transformative journey. XTURISMO’s imminent debut promises to reshape the way we think about electric vehicles and air mobility, captivating imaginations and setting a new benchmark for the future of transportation.

      Prepare to witness the skies come alive with the freedom of XTURISMO, as AERWINS Technologies takes us on a remarkable ride towards a brighter, electrifying future.

      More From Stocks telegraph