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iQSTEL Subsidiary To Build Electric Motorcycle for Latin American Market

iQSTEL, Inc. has announced approval from the Board of Directors (BOD) for manufacturing its first lot of electric motorcycles to be sold under the Company’s B2C Division EVOSS operating unit. Manufacturing is slated to begin in Q4 this year.

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CEO Leandro Iglesias commented: “The first batch of our EVOSS Electric Motorcycles will be manufactured in China. We selected China because it has the most mature market for low horsepower electric motorcycles in the world with more than 400 million of electric motorcycles running at this time. We plan to build on the existing electric motorcycle experience in China adding our technical knowledge to create a high value of EVOSS Electric Motorcycle Ecosystem product for the Latin America EV Bike Market, presenting a huge early opportunity for IQSTEL.”

The first EVOSS Electric Motorcycle model produced for the Latin American market will compete in the low horsepower market against the 125cc combustion engine or equivalent class motorcycle.

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Source: iQSTEL Inc.

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