Friday, October 21, 2022 5:31:00 PM
The first acquisition is to complete an equity stake in Life Electric Vehicles, Inc., aka Life EV, a related company that is the majority shareholder of Life EV Group.
Life EV has established its own brand and is a full-service USA manufacturer of light electric vehicles, with a 32,000 SF manufacturing facility in Florida, USA. Life EV holds multiple trademarks and 2 USPTO-approved Patents with additional Patents planned.
In addition to proprietary brands, Life EV Group continues to be in negotiation to acquire multiple e-bike and e-scooter companies in a roll-up fashion having recently signed 4 Letters of Intent to acquire either a controlling interest or 100% equity in these companies.
These companies, upon being acquired, will have their design, development, and production moved to the USA, and eBikes manufactured by our related company, Life EV, under an FTZ process on US soil. The components will be supplied at the direct fabrication level from the industry’s leading worldwide suppliers, allowing for better quality, pricing, and tariff controls. Inventory control, assembly, quality control, and distribution will be fulfilled under the same roof for all brands. This will result in reducing overhead and simplifying production and distribution for each brand.
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