Business
IQST – IQSTEL Announces LOI To Manufacture EV Motorcycles
New York, NY, Sept. 07, 2021 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQB: IQST) today announced executing a Letter of Intent (LOI) between its B2C EVoss Division
About this update from Iqstel Inc.
[{"type":"text","content":"New York, NY, Sept. 07, 2021 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQB: IQST) today announced executing a Letter of Intent (LOI) between its B2C EVoss Division and a large, high-tech Electric Vehicle (EV) manufacturing firm in China. A definitive agreement is under development for the manufacturing firm to produce customized, high-performance electric motorcycles under the EVoss brand that are high quality, made from high quality materials, efficient and fun to ride. The manufacturing firm has exported electric motorcycles to the USA, Europe, Africa and Asia and is dedicated to the development and production of high energy density lithium-ion batteries and battery pack systems consistent with iQSTEL’s research and design intent. The agreement under development according to the LOI terms includes: 1) Pricing for the first EVoss EV Motorcycle to be launched in Latin America. 2) 30 day delivery commitment once the purchase order is placed. 3) Engineer/Design assistance, technical support and training for our B2C EVoss Division. 4) Supply of spare parts, and warranty. 5) Manufacture the EVoss Batteries for all our EV Clients and Partners with 30 days delivery from purchase order. Pending a definitive agreement, the name of the manufacturing firm will remain confidential. Mr. Iglesias commented: \"Within our B2C EVoss strategy, the selection of the right partner is very important. We have been evaluating several vendors and we are very happy to execute this LOI with our High Tech and Quality EV Manufacturing Partner announced today. China has more than 400 million EV motorcycles in operation and is the logical go-to expert. With this LOI, iQSTEL is on track to deliver its first batch of EV motorcycles before the end of this year. We plan to play an important role in the overall EV motorcycle market in Latin America over the next 5 years.” iQSTEL Inc (OTCQB: IQST) (www.iQSTEL.com) is a US-based publicly-listed company with an Independent Board of Directors offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 15 countries. The company provides services to the Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. iQSTEL has 5 Business Divisions: Telecom, Electric Vehicle (EV), Fintech, Technology and Blockchain, with worldwi...