Seeking Alpha - Alternet's (ALYI) electric motorcycle manufacturing cheers Kenya's new legislation
August 3, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha
--
With Alternet
Systems (OTCPK:ALYI -12.1%) planning to commence manufacturing
its Revolt Electric Motorcycle in Kenya in later 2020, it
believes that the new manufacturing legislation will provide
the company an advantage over competitors.
The new legislation will give advantage to local motorcycle
manufacturing initiatives thereby making import competition more
difficult in the last week.
Annual demand for motorcycles in Kenya is ~180K while
in East Africa it is 680K.
Previously: Alternet Systems +10% on confirmation to enter
African EV market (July 27)
SOURCE: Seeking Alpha
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