Easton Power, Up Four Limit-Up Boards: Not Engaged in Full Electric Aircraft Business; Only Matching Range Extenders for Clients' In-Development Flying Cars

36Kr reports that Easton Power, which has risen four consecutive limit-up boards, issued an announcement clarifying recent media speculation that the company is a flying car concept stock. The company stated it is a listed automotive parts manufacturer primarily engaged in the production and sales of automobile engines and transmissions. It does not engage in full electric aircraft business but only matches range extenders for clients' in-development flying cars. This series of range extenders are existing products of the company, currently mainly matched with range-extended vehicles; their use in flying cars represents a moderate expansion of application scenarios for these existing products, requiring only adaptive development without major technical changes. The product is currently in the prototype and tooling stage and has not yet achieved mass production.