NetworkNewsBreaks – Why Life Electric Vehicles H
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Posted On: 04/10/2024 5:15:12 PM
NetworkNewsBreaks – Why Life Electric Vehicles Holdings Inc. (LFEV) Is ‘One to Watch’
Life Electric Vehicles Holdings (OTC: LFEV) (d/b/a Life EV Group), together with its subsidiaries, is a developer, manufacturer and distributor in the light electric vehicle industry. Focusing on the launch, acquisition and consolidation of multiple brands of e-bikes, e-trikes, e-scooters and light EVs, the company aims to position itself as an industry leader for the American micro-mobility market “In addition to offering ready-to-ride electric vehicles, Life EV Group intends to distribute individual components, including motors, batteries, chargers, controllers and EV parts, to third-party manufacturers in both the U.S. and worldwide,” a recent article reads. “The company’s first acquisition was completed in 2023 with a 40% equity stake in LEV Manufacturing Inc., a related company and American manufacturer of e-bikes. LEV Manufacturing’s assembly utilizes free-trade zone processes with a U.S. Certificate of Origin, eliminating middle layer costs and resulting in cost-effective production and lower MSRPs. LEV Manufacturing recently completed the acquisition of Serial 1 Cycle Company LLC. Serial 1 is an e-bike maker founded by U.S. motorcycle manufacturer Harley-Davidson in 2018 and spun off as an independent brand in 2020. The acquisition positions Serial 1 for even greater success and long-term growth.”
NOTE TO INVESTORS: The latest news and updates relating to LFEV are available in the company’s newsroom at https://nnw.fm/LFEV
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Life Electric Vehicles Holdings (OTC: LFEV) (d/b/a Life EV Group), together with its subsidiaries, is a developer, manufacturer and distributor in the light electric vehicle industry. Focusing on the launch, acquisition and consolidation of multiple brands of e-bikes, e-trikes, e-scooters and light EVs, the company aims to position itself as an industry leader for the American micro-mobility market “In addition to offering ready-to-ride electric vehicles, Life EV Group intends to distribute individual components, including motors, batteries, chargers, controllers and EV parts, to third-party manufacturers in both the U.S. and worldwide,” a recent article reads. “The company’s first acquisition was completed in 2023 with a 40% equity stake in LEV Manufacturing Inc., a related company and American manufacturer of e-bikes. LEV Manufacturing’s assembly utilizes free-trade zone processes with a U.S. Certificate of Origin, eliminating middle layer costs and resulting in cost-effective production and lower MSRPs. LEV Manufacturing recently completed the acquisition of Serial 1 Cycle Company LLC. Serial 1 is an e-bike maker founded by U.S. motorcycle manufacturer Harley-Davidson in 2018 and spun off as an independent brand in 2020. The acquisition positions Serial 1 for even greater success and long-term growth.”
NOTE TO INVESTORS: The latest news and updates relating to LFEV are available in the company’s newsroom at https://nnw.fm/LFEV
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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