ALYI - Alternet Systems Chines EV Strategy Targets $500 Billion Annual Car Sales Market And Largest Electric 2 Wheeler Market
December 08 2017 - 9:00AM
InvestorsHub NewsWire
Dallas, TX -- December 08, 2017 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) shared more details today on the company’s strategy to
tap into the world’s overall leading auto market and leading
electric vehicle (EV) market. Earlier this week, Alternet announced that the
company is in partnership discussions intended to open up China’s
leading Electric Vehicle market for Alternet’s patented lithium
energy solution. China has been the largest automobile market
in the world since 2009 and Forbes reports China will be the number
one auto market in the world again in 2017 with over 20 million
units already sold as of October:
Forbes - 2017 Is Shaping Up To Be
Another Banner Year For Vehicle Sales In
China
Car sales in China reached $470 billion in sales in 2015
and has continued to grow annually since.
20 Million Electric Bicycles
Annually
Keeping in mind that two wheel vehicles,
including bicycles, motorcycles and mopeds account for a much
larger market in terms of units sold annually, Alternet’s EV
strategy includes two-wheel transportation. Since 2004, China
has averaged 20 million electric bicycles
sales annually. Income in developing economic nations is
rising and along with it, the demand for motorcycles is also
rising and expected to continue rising through
2020.
Look for coming news from Alternet about EV
partnerships to include two wheel vehicles.
Alternet Patented Lithium Energy
Solution
On July 21, 2017, Alternet Systems acquired
Lithium IP Holdings in a transaction that included a management and
business direction change. Randell Torno was named the new
Alternet Systems Chairman and CEO. Edward Bollen, the
President of Lithium IP Holdings, also joined the Altnernet Systems
management team. On June 23, 2017, Lithium IP Holdings
executed an agreement with Air Products and Chemicals, Inc. (NYSE:
APD) to exclusively license ten
U.S. Patented lithium battery technologies
with an option to acquire the ten U.S.
Patents.
Alternet Lithium Energy Integration and
Development Strategy
Alternet’s business strategy today is to
partner with prominent third parties producing products and
services that require stable, safe, long duration power in high
impact operating systems. Within such partnerships, Alternet
and each partner will together develop an integrated solution that
includes a power component based on Alternet’s lithium technology.
Alternet’s lithium technology applicability in military solutions
presents promising partnership development opportunities. At
the same time, Alternet is also developing partnerships separate
from the military industrial sector to include the Electric Vehicle
(EV) and Hybrid Electric Vehicle (HEV) partners. Several
potential partners participated in Alternet’s vetting process when
identifying and selecting a technology to acquire as the foundation
of the company’s strategy to bring a stable, safe, long duration
power solution to market for high impact operating systems.
Partnership announcements are anticipated to be forthcoming
soon.
Learn more on the company's
website: www.otc-alyi.com or www.lithiumip.com
Disclaimer/Safe Harbor: This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
Alternet Systems, Inc.
Contact:
Randell Torno
info@lithiumip.com
1 800 713 0297
https://www.otc-alyi.com/contact/
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