ALYI Electric Vehicle Business Profitability Could Benefit From Trade War With China
June 17 2019 - 11:55AM
InvestorsHub NewsWire
ALYI Electric Vehicle Business
Profitability Could Benefit From Trade War With China
DALLAS, TX --
June 17, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(ALYI)
(“ALYI”) today addressed the U.S. trade initiatives with
China. The ALYI ReVolt Electric Motorcycle does include a
number of components manufactured in China. Management
indicates that so far, none of the U.S. trade initiatives with
China have negatively affected the company. Management
otherwise indicated that a trade war with China could benefit
ALYI. If demand for Chinese goods in the U.S. lower in
response to U.S. trade initiatives, prices for Chinese components
delivered to Africa to support ALYI ReVolt Electric Motorcycle
development in Africa could be reduced. Falling demand for
current supply levels could have a beneficial price impact on
electric vehicle components in turn improving ALYI
profitability.
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 opportunity 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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