Shares of DSG Global (OTCMKTS:DSGT) moved up nicely on Monday after the company announced that the Company’s Electric Vehicle Division, Imperium Motor Corp, is moving to a new and larger home base in the Silicon Valley region of California.
Market Reaction
On Friday, DSGT stock gained 13.65% to $0.0833 with 409K shares, compared to its average volume of 447K shares. The stock moved within a range of $0.0730 – 0.0900 after opening trade at $0.0797.
DSG Global’s Imperium Electric Vehicle Division to Shift Base to New Headquarters in Silicon Valley
DSG Global (OTCMKTS:DSGT) has announced that its Electric Vehicle Division, Imperium Motor Corp, is shifting base to a new and larger home base in the Silicon Valley region of California. There is over 100,000 square feet of space that includes production areas, office space, and of course, a much bigger showroom.
This new location is in the heart of Silicon Valley, in Milpitas, California, one exit down from the Fremont Tesla Production Plant. There are several key EV players with headquarters in Silicon Valley, such as Lucid, NIO, Bytom, Rivian, Proterra, Mercedes-Benz Research and Development (MBRDNA), and others.
The facility is sufficiently equipped to assemble the new line of “Shelby” performance brand Golf Carts. These volume-production carts ensure stellar performance, along with convenience. As of now, there are three models in the market – Shelby GT-350, Shelby GT-500, and the best in terms of performance, the Shelby Cobra which is up to 96% more powerful than a standard electric cart.
Vantage Tag is also set to assemble its brand new premium grade private label Vantage Golf Cart line up that was introduced to the world market at the annual PGA show earlier this year. These carts will be powered by high-capacity, long-range Lithium battery packs, an advanced auto-park braking system, maintenance-free, brushless AC motor technology, onboard quick charging, state-of-the-art service, and Bluetooth telemetry.
Key Quote
“It didn’t take long to outgrow our location in Fairfield, and we realized relatively quickly that we would need additional space to accommodate our primary Imperium SEV rollout,” stated Robert Silzer, CEO of DSG Global. “The additional space is necessary as we ramp up operations and see growing interest and a need to widen our Distribution, Assembly, Parts and Service support.”
Traders Review
DSGT stock is trading below the 20-Day and 50-Day Moving averages of $0.0875 and $0.1033 respectively. Moreover, the stock is trading below the 100-Day moving average of $0.1832.
