Life Electric Vehicles Holdings Inc. (OTC: LFEV) Inks Key Agreements to Launch CiX E-Bikes
This morning most investors are expected to be looking into those companies that may have made waves this week for one reason or another, and one of the companies that could get traction is Life Electric Vehicles Holdings Inc. (OTC: LFEV). On Wednesday, the company announced key agreements for the launch of CiX E-Bikes.
The Agreements
In the news release from the company on February 26, it was announced that it had gone into agreements with 1912 Walton and BLR Management. As per the provisions of the agreement, 1912 Walton and BLR Management would be responsible for marketing and selling products from the company’s affiliated brands. One of those brands would be CiX E-bikes, a brand that was launched recently and meant for mass-market big box retailers.
Further Information
Life Electric Vehicles Holdings further noted in the announcement that CiX Cycles would offer a high-quality e-bike with an entry-level price. There would be a range of models on offer, and the starting price would be $499. The brand is a fully owned subsidiary unit of the company and developed its products through a partnership with a Life Electric Vehicles Holdings affiliate, LEV Manufacturing Inc.
Robert Provost, CEO of Life EV Holdings, states:
“Producing an entry-level priced e-bike line made in the USA of proprietary designs combined with high-grade global components, at a starting price of $499, we believe will be a game changer for the industry. Our team’s experience with high-volume USA e-bike production, avoiding costly tariffs, combined with our expertise in big-box retail distribution, is expected to position CiX Cycles for success in the mass retail market.”
