ALYI Electric Vehicle Business Bolstered By US 80 Percent Increase In Electric Vehicle Sales
June 19 2019 - 11:36AM
InvestorsHub NewsWire
ALYI Electric Vehicle Business
Bolstered By US 80 Percent Increase In Electric Vehicle Sales
DALLAS, TX --
June 19, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(ALYI)
(“ALYI”) today emphasized the positive outlook on the company’s
electric vehicle business generated by the recent report that
electric vehicle sales grew 80% in the U.S. between 2017 and
2018. The report bolsters ALYI’s electric vehicle
direction in more ways than one. Obviously, consumers are
growing more comfortable with electric vehicle transportation, but
what the report misses is ALYI’s massive potential to sell electric
vehicles in Africa. ALYI’s focus in Africa is on selling to
shared ride vendors, not individual consumers. The transportation trend in Africa points toward
consumers adopting shared rides as the primary means of
transportation in the future and never adopting a widespread
privately-owned vehicle custom. ALYI is a leader in targeting
the African shared ride trend with electric
vehicles.
ALYI recently
announced securing an investment partner to back a planned assembly
plant in Kenya to produce ALYI’s ReVolt Electric Motorcycles to be
sold across the African continent. The deal to build the
manufacturing plant includes an initial order for two thousand
ReVolt Electric Motorcycles which would total $20 million in
sales. ALYI has already signed $1.5 million in confirmed
orders for its ReVolt Electric Motorcycles to be delivered in
Kenya.
ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The first product category is
lithium battery-powered motorcycles, to be followed by motorbikes.
ALYI also has an ongoing hemp energy storage initiative leading its
current efforts to introduce an alternative to lithium
batteries.
Disclaimer/Safe
Harbor: This news release contains forward-looking statements
within the meaning of the Securities Litigation Reform Act. The
statements reflect the Company's current views with respect to
future events that involve risks and uncertainties. Among others,
these risks include the expectation that any of the companies
mentioned herein will achieve significant sales, the failure to
meet schedule or performance requirements of the companies'
contracts, the companies' liquidity position, the companies'
ability to obtain new contracts, the emergence of competitors with
greater financial resources and the impact of competitive pricing.
In the light of these uncertainties, the forward-looking events
referred to in this release might not occur.
For more information, please
visit: http://www.alternetsystemsinc.com
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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