Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 52

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 52
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 competitive edge and unique selling points. Recently, the U.S. government issued executive orders imposing tariffs on products from key international suppliers, citing national security and public health concerns. These tariffs are expected to impact a wide range of imported goods, including components used in e -bikemanufacturing. The ongoing trade tensions may lead to supply chain disruptions, increased costs, and pricing pressures within the industry. Tariffs on e -bikesor their components would likely increase prices for consumers, and create challenges for U.S. manufacturers and retailers. While there could be long -termopportunities for domestic production, the immediate impact would likely be negative for the growing e -bikemarket. See “ Risk Factors — Risks Related to Our Business and Industry — The current tensions in international trade policies and rising political tensions, particularly between the United States and China, may adversely impact our business and operating results.” Regulatory Landscape We operate in an industry that is subject to extensive environmental, safety and other laws and regulations, which include products safety and testing, as well as battery safety and disposal. These requirements create additional costs and possible production delay in connection with the testing and manufacturing of our products. We also benefit from environmental regulations in our target markets which include economic incentives to purchasers of EVs and tax credits for EV manufacturers. The Governor of New York State signed a legislative package in July 2024 aimed at raising awareness about the safe use of e -bikesand lithium -ionbattery products, prohibiting the sale of non -compliantbatteries, requiring safety protocols and training for first responders, mandating operating manuals for e -bikeretailers, and improving accident reporting and registration processes for e -bikesand mopeds. Additionally, in January 2025, NYDOT launched a $2 million trade -inprogram, allowing eligible food delivery workers to replace their unsafe e -bikes, e -mobilitydevices, and batteries with certified, high -qualityversions. Our Fly -11PRO was chosen for the official model of NYDOT and participates in this program. In January 2025, we completed the delivery of the initial batch of Fly -11Pro models to our retail partner participating in the program. We have also been actively cooperating with the government to provide information and promote the model. While we expect relevant regulations to provide a tailwind to our growth, it is possible for other regulations to result in margin pressures. How to Assess Our Performance In assessing performance, management considers a variety of performance and financial measures, including principal growth