ALYI Expects Resilient Electric Vehicle Sales Growth In

New Post Public Reply Private Reply Replies (0) Message Board
metalman123
186
ALYI Expects Resilient Electric Vehicle Sales Growth In 2021 And Beyond
9:00 am ET December 2, 2020 (Newsfile) Print
Dallas, Texas--(Newsfile Corp. - December 2, 2020) - Alternet Systems, Inc. (OTC Pink: 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, Nio and Blink. 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 COVID-19 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 COVID-19. 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 COVID-19 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.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Tuya Smart's AI Innovations Steal the Spotlight at IFA

Updated Category News Views 2

AI Taking Center Stage at IFA 2026 Amidst the chaos of tech exhibitions, something caught my attention—Tuya Smart's push in making AI a household name. Now, you might wonder why I’m bringing this up. Well, because it's not your typical flashy gadget talk. This is about Tuya parading their latest breakthroughs like a peacock at the world's stage, IFA 2026 in Berlin,...

Continue Reading
Evolve & ELITEWHEELS: Shifting Gears in European Cycling

Updated Category News Views 2

Revving Up for the European Cycling Scene There's something about the open road and the whirr of wheels that gets blood pumping—maybe it's the competition, maybe it's the gear. Either way, this year's Italian Bike Festival is turning the Misano World Circuit into a battleground for cycling's elite, with evolve and ELITEWHEELS charging at the forefront. They're not just...

Continue Reading
York Space Systems Faces Class Action Headwinds

Updated Category News Views 4

York Space Systems: Under Legal Fire You ever hear the one about York Space Systems? Yeah, their ticker YSS is buzzing for all the wrong reasons. Not even a year out from their IPO, and already they're tangled in a class action lawsuit that's got investors with their heads in their hands. ClaimsFiler, a shareholder information outfit, just blasted out a reminder for...

Continue Reading
S&P 500 Shuffle: Bloom, Illumina, Everpure Join Frenzy

Updated Category News Views 5

Index Shuffles Stir Market Pot Changes are afoot, folks, with the movers and shakers of the market indices stepping into the spotlight. A lot is brewing with S&P Dow Jones Indices making significant switches effective September 21, 2026—right before trading heats up. You better believe it's affecting more than a couple of tickers. Who's In and Who's Out? If you’ve...

Continue Reading
MiniTool MovieMaker 8.9: Keyframe Animation Upgrade

Updated Category News Views 4

Breaking Down MiniTool MovieMaker 8.9's Revamp Kicking off the day with some noteworthy news in the creative software arena, MiniTool's latest update to its MovieMaker program is grabbing attention. It’s not often you hear software developers hitting the right balance between functionality and simplicity as they've done with this release. Keyframe Animation: The Star of...

Continue Reading
XCOTTON Shines at IFA 2026: The New Horizon of Commerce

Updated Category News Views 2

Shifting Gears at the Checkout Counter Let's face it, we've all been there: you click, you pay, and then you wait. But what happens next is where brands often drop the ball. Sure, e-commerce has been all about getting us to trust the 'buy' button. That's where folks like XCOTTON are stepping up to the plate, giving us something else to consider. They were loud and clear...

Continue Reading
TriStar Bank Community Room: A Space for Growth

Updated Category News Views 2

Building Bridges Through Community Investment Well, ain't this something? Columbia, Tennessee, just got a splash of fresh air. We're talking about the new Southern Regional Technology Center nested in Columbia State Community College. Now, the name on everyone's lips? The TriStar Bank Community Room. But it ain't just about a name plastered up on a wall inside a shiny...

Continue Reading
Rho Adds Credit Card Payments to Invoices

Updated Category News Views 2

Rho's New Game: Credit Card Payments on Invoices Ah, the wonderful world where your invoices can finally ride the plastic wave! Rho, that scrappy finance platform everyone's been chattering about, just rolled out a card payment feature. Yep, from credit cards to Google Pay, they’re letting businesses skip the usual financial hurdles and get their dough directly from...

Continue Reading
Consumer365 Lauds Happy Head's Custom Hair Treatments

Updated Category News Views 5

Revolutionizing Hair Loss Treatment The world of hair growth solutions is transforming right before our eyes. Thanks to the folks over at Happy Head and their customizable, dermatologist-prescribed treatments, the days of one-size-fits-all are ending. Consumer365 recently took a dive into Happy Head's model, giving their nod of approval to its personalized approach....

Continue Reading
viaim's AI Earbuds Snag IFA Awards, Launch On Indiegogo

Updated Category News Views 0

When the tech cosmos hands you two hefty IFA Innovation Awards, you know you’re onto something. viaim’s Rise wasn't just about slick marketing—it brought home the 'Best in Audio' and 'Best in Design' titles from IFA 2026, proving these earbuds are more than just another gadget. Key Innovations Behind the Accolades IFA is no small affair—it's a major tech trade...

Continue Reading

Top 5 Most Recently Viewed Articles

Revolutionizing Sports Engagement with Sportradar's New Products

Updated Category News Views 226

Enhancing the Sports Betting Experience with Sportradar Sportradar Group AG (NASDAQ: SRAD) is once again pushing the boundaries of sports technology by expanding its collaboration with Bundesliga International. This initiative aims to enhance the viewing experience for soccer fans and bettors alike, ensuring that engagement remains high throughout the thrilling matches. A...

Continue Reading
Grain Management Expands with Acquisition of 800 MHz Spectrum

Updated Category News Views 542

Grain Management Acquires 800 MHz Spectrum Portfolio from T-Mobile Grain Management, LLC, a prominent player in the digital infrastructure sector, has announced an exclusive arrangement to acquire T-Mobile's extensive 800 MHz spectrum portfolio. This acquisition is poised to significantly bolster critical communication networks for utilities across the United States....

Continue Reading
Hamilton Zanze Expands Its Portfolio with New Acquisition

Updated Category News Views 228

Hamilton Zanze Expands Its Portfolio with New Acquisition One-Year-Old Apartment Community in Metro Kansas City Features 267 Homes Hamilton Zanze, a renowned multifamily real estate investment firm, has successfully sponsored the acquisition of Legends 267, a contemporary six-story apartment community. Located within the vibrant Village West mixed-use development, this...

Continue Reading
Monte Rosa Therapeutics Advances Cancer Treatment with MGD Innovations

Updated Category News Views 211

Monte Rosa Therapeutics: Pioneering Advances in Oncology Monte Rosa Therapeutics, Inc. (NASDAQ: GLUE) is making wonderful strides in the field of oncology with the development of molecular glue degraders (MGDs). This groundbreaking technology is aimed at tackling challenging cancers, particularly those with CCNE1 amplification, which has been linked to various solid...

Continue Reading
WEBTOON Entertainment Inc. Lawsuit: Investors Take Action

Updated Category News Views 90

Opportunity for Investors in WEBTOON Entertainment Inc. Investors of WEBTOON Entertainment Inc. are presented with a significant opportunity to take the lead in a securities fraud class action lawsuit. This development arises from concerns regarding the company's disclosed financial growth and operational statements during the recent Class Period. Understanding the Class...

Continue Reading