Thunder Power Holdings Reports $754,903 Net Loss in Q1 2025, No Revenue Generated

Thunder Power Holdings, Inc. reported a net loss of $754,903 for the first quarter of 2025, a significant increase from the loss of $214,043 recorded in the same period of 2024. The company did not generate any revenue during this quarter, consistent with its performance in the previous year. Operating expenses rose sharply to $754,656, compared to $213,832 in the prior year, primarily due to increased general and administrative costs associated with being a publicly traded company.

The company's financial position showed a decrease in total assets, which fell to $13.5 million as of March 31, 2025, down from $13.6 million at the end of 2024. Current liabilities increased to $7.7 million, up from $7.0 million, largely due to higher amounts due to related parties and accrued expenses. Shareholders' equity also declined to $5.8 million from $6.5 million, reflecting the ongoing operational losses.

Strategically, Thunder Power Holdings is in the process of expanding its operations through a Share Exchange Agreement with Electric Power Technology Limited, which is expected to enhance its market presence. The agreement involves the exchange of shares that will allow Thunder Power to acquire approximately 30.8% of the TW Company. However, the completion of this transaction is contingent upon regulatory approvals and shareholder consent, with a deadline set for October 31, 2025.

Operationally, the company continues to face challenges, including a suspension of its stock trading on Nasdaq as of April 21, 2025, which has raised concerns about its liquidity and ability to attract investment. The company is exploring new financing options and evaluating potential restructuring to address these issues. Management has acknowledged significant uncertainties regarding its ability to continue as a going concern, emphasizing the need for additional financing and resolution of ongoing legal matters involving its principal shareholder.

Looking ahead, Thunder Power Holdings aims to launch its electric vehicle models, including a limited-edition coupe, a long-range sedan, a compact city car, and a long-range SUV. However, the company has not yet released any commercially available vehicles and anticipates continued operating losses as it navigates the capital-intensive nature of the electric vehicle market. The management's focus remains on developing its product offerings and securing the necessary funding to support its growth strategy.