Welcome to our dedicated page for Alternet Sys news (Ticker: ALYI), a resource for investors and traders seeking the latest updates and insights on Alternet Sys stock.
The ALYI news page on Stock Titan provides an organized view of historical and transitional news related to Alternet Systems, Inc. (ALYI) and its evolution into MBAK Energy Solutions, Inc. (f/k/a Alternet Systems, Inc.). Company releases describe how the business moved from an electric vehicle and e-mobility focus under the ALYI symbol toward a broader role in non-fossil fuel energy products and battery technologies under the MBAK ticker.
Earlier news items under ALYI discuss the company’s electric motorcycle taxi strategy, an electric vehicle racing initiative, and merger and acquisition explorations intended to adapt its EV ecosystem vision. These updates highlight efforts to develop electric motorcycle assets and consider potential combinations with other businesses to strengthen its position in the electric vehicle market.
Later releases identify MBAK Energy Solutions, Inc. as formerly known as Alternet Systems, Inc. and describe activities such as designing and producing lithium, sodium, and solid-state batteries for industrial, medical, portable electronics, and EV applications. News also references Battery Energy Storage System (BESS) contracts for an Indian power grid, demand for batteries for electric two- and three-wheelers, and supply of battery cells for data center power facilities.
Another key news item notes that MIA Global, Inc. is acquiring the controlling interest in Alternet Systems, Inc., making ALYI a MIA Global affiliated company and indicating potential changes in branding and business focus. By reviewing these articles together, readers can trace how ALYI’s EV and e-mobility initiatives connect to the battery-focused operations described for MBAK Energy Solutions, Inc.
Alternet Systems, Inc. (ALYI) announced plans to generate revenue from its Electric Vehicle (EV) Taxi Business by the end of 2021. The company is managing an EV Taxi Pilot Program in Nairobi aimed at replacing traditional motorcycle taxis with electric motorcycles. ALYI has an order for 2,000 electric motorcycles and is optimistic about expanding this to 20,000 units. The firm is also developing an EV Ecosystem, including a significant EV race event in Kenya to boost EV technology and branding.
Alternet Systems, Inc. (ALYI) CEO Dr. Randell Torno reported on the company's Electric Vehicle (EV) Taxi Pilot program in Africa, which aims to introduce electric motorcycles into the boda-boda taxi market. Following meetings in Nairobi and Addis Ababa, the pilot's goal is to demonstrate that electric motorcycles can operate as efficiently as traditional motorcycles. Dr. Torno expressed optimism about scaling the program from an initial 2,000 units to 20,000. ALYI is also developing an EV ecosystem and plans a major announcement regarding an EV race event that could enhance visibility.
On August 16, 2021, Alternet Systems, Inc. (ALYI) reported on its Electric Vehicle (EV) Taxi Pilot program in Africa, led by CEO Dr. Randell Torno. Following waypoint meetings in Nairobi and a potential expansion to Ethiopia, the program aims to integrate electric motorcycles into the boda-boda taxi market. Dr. Torno highlighted the program's comprehensive nature, focusing on efficiently deploying 20,000 electric motorcycles. ALYI is also developing an EV ecosystem aimed at improving technology applicable to the African market, with plans for an EV symposium anchored by a major racing event.
Alternet Systems (ALYI) CEO Dr. Randell Torno has returned to Dallas after managing an electric vehicle (EV) pilot program in Nairobi and exploring expansion into Ethiopia. This initiative is linked to a substantial order of 2,000 electric motorcycles and aims to create a comprehensive EV ecosystem, enhancing EV adoption in Africa. ALYI is also organizing an EV symposium featuring a race event in Kenya, which is expected to boost visibility and collaboration with major EV brands. A significant announcement regarding the EV race is anticipated later this month.
Alternet Systems, Inc. (OTC Pink: ALYI) CEO Dr. Randell Torno has returned to Dallas after overseeing the company's Electric Vehicle Pilot Program in Nairobi and discussing expansion into Ethiopia. ALYI is finalizing a 2,000 electric motorcycle order as part of this initiative. The company aims to establish a comprehensive EV ecosystem, including a symposium and race event in Kenya to enhance visibility. ALYI has partnered with RevoltTOKEN to finance its growth and plans to make a major announcement regarding the EV race later this month, aiming to spotlight its ecosystem strategy.
Alternet Systems (OTC Pink: ALYI) and EV design partner MODUS are set to review updates to the Retro Revolt Electric Motorcycle's production design. Enhancements include a rear hub motor for improved battery capacity. The ongoing design process supports ALYI’s broader EV Ecosystem Strategy in Africa, addressing multiple facets of EV adoption. ALYI has initiated an electric motorcycle pilot program in Kenya, linked to a 2,000-unit order. Plans for a significant EV symposium and race event in Kenya aim to elevate ALYI’s visibility in the EV market.
Alternet Systems, Inc. (OTC Pink: ALYI) announced plans for an Electric Vehicle (EV) charging solution as part of its ongoing pilot in Africa. The company aims to develop a comprehensive EV ecosystem, rather than just a single product, focusing on infrastructure and technology to support EV adoption. This includes an upcoming symposium and a partnership with a major EV racing brand, which could enhance visibility in the global market. ALYI's electric motorcycle pilot in Kenya is already generating results, and management anticipates a significant announcement regarding the EV race later this month.
Alternet Systems, Inc. (USOTC: ALYI) announced plans for an Electric Vehicle (EV) charging solution as part of an ongoing pilot in Africa. The company is focused on creating a comprehensive EV ecosystem rather than a single product, including a charging and maintenance infrastructure. ALYI is working with a major EV racing brand and has initiated a pilot program for its electric motorcycle in Kenya, which is expected to set it apart in the market. A major announcement regarding the EV race and ecosystem strategy is anticipated later this month.
Alternet Systems, Inc. (ALYI) announced a significant upcoming milestone aimed at enhancing its visibility in the global electric vehicle (EV) market. The company is focused on developing a comprehensive EV ecosystem, including vehicles, infrastructure, and digital systems, rather than merely introducing single products. A key component is an annual EV symposium and race event planned in Kenya, aimed at engaging major industry players and driving advancements in EV technology. The EV race market is projected to grow from $80 billion in 2019 to over $200 billion by 2025.
On August 10, 2021, Alternet Systems (OTC Pink: ALYI) revealed plans to enhance its global visibility in the electric vehicle sector. Rather than launching a single product, ALYI aims to create an entire EV ecosystem, addressing design, infrastructure, and consumer transition to electric power. A key feature will be an EV symposium, anchored by a race event in Kenya. ALYI has partnered with a major EV racing brand and initiated an electric motorcycle pilot in Kenya, already yielding promising results. A significant announcement is expected later this month.
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