ALYI Expects Resilient Electric Vehicle Sales Growth In 2021 And Beyond
03 December 2020 - 12:53AM
InvestorsHub NewsWire
Dallas, TX -- December 2, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today highlighted details regarding the company’s
anticipated electric vehicle (EV) sales growth in 2021 continuing
through 2025.
In general, industry analysts anticipate
increasing EV adoption rates through 2025 and this adoption outlook
continues to draw investment market attention to leading electric
vehicle brand names such as Tesla (TSLA),
Nio (NIO)
and Blink (BLNK).
However, recent analyst research has indicated that COVID19 has
negatively impacted demand in the automotive market in general as
well as disrupting supply chains.
ALYI management anticipates ALYI’s EV
sales growth opportunity to sustain through any possible COVID19
impact with the company reporting robust sales growth starting in
2021 and continuing through 2025.
ALYI has existing sales contracts ready
for the company to begin production and those sales contracts have
not been impacted by COVID19. ALYI has signed a letter of
intent for an additional EV sales contract in another African
country and is in conversations with additional African countries
at this time.
“The per capita market penetration of
vehicles in Africa today is low and demand for cost effective
transportation is high. Any impact to demand related to
COVID19 will have little effect on the very large opportunity to
fulfill the reaming demand for cost effective transportation,” said
ALYI CEO Randell Torno.
ALYI currently has three electric
motorcycle platforms heading toward production. The company
has recently confirmed plans to start taking orders for its Retro
ReVolt BMW R71 Clone Electric Motorcycle starting later this month
in December.
The Retro ReVolt BMW R71 Clone Electric
Motorcycle is separate from the Rideshare ReVolt Electric
Motorcycles ALYI intends to start delivering in Africa next year
for the growing rideshare market gradually replacing existing
combustion engine motorcycles in use within the existing taxi
(boda-boda) market.
In addition to the Rideshare ReVolt
Electric Motorcycle going into production for fleet deployment next
year, ALYI has recently initiated work on a new state of the art,
next generation electric motorcycle designed to innovate the
rideshare market in Africa beyond merely the replacement of
combustion engines.
For more information and to stay up to
date on RevoltTOKEN’s latest developments, please
visit www.revolttoken.com.
For more
information and to stay up to date on ALYI’s latest developments,
please visit 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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