ALYI Electric Vehicle Business Development Outlook Enhanced By VW Electric Vehicle Push
July 09 2019 - 12:57PM
InvestorsHub NewsWire
DALLAS, TX --
July 9, 2019 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (ALYI) (“ALYI”)
management today emphasized the timeliness of its own electric
vehicle developments in light of VW’s recent announcement highlighting a
strategy to advance an aggressive electric vehicle push.
While VW and other big auto manufactures target individual
consumers, ALYI’s electric vehicle focus today is on selling to
shared ride vendors in Africa, not individual consumers.
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. 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 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.
For more
information, please visit: http://www.alternetsystemsinc.com
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.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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