Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 191

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 191
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 patterns as well as other factors. For example,
a customer’s use of his or her electric vehicle as well as the frequency with which he or she charges the battery can result in
additional deterioration of the battery’s ability to hold a charge. Furthermore, our vehicles may contain defects in design and
manufacture that may cause them not to perform as expected or that may require repair. If any of our vehicles fail to perform as expected,
we may need to delay deliveries, initiate product recalls and provide servicing or updates under warranty at our expenses, which could
materially and adversely affect our brand, business, prospects, financial condition and operating results.

Our future growth is dependent on the demand
for, and upon consumers’ willingness to adopt electric vehicles.

Demand for our products depends
to a large extent on general, economic, political and social conditions in a given market and the introduction of new electric vehicles
and technologies. As our business grows, economic conditions and trends will impact our business, prospects and operating results as well.

Demand for our electric vehicles
may also be affected by factors directly impacting the price or the cost of purchasing and operating electric vehicles such as sales and
financing incentives, prices of raw materials, parts and components and governmental regulations, including tariffs, import regulation
and other taxes. Volatility in demand may lead to lower vehicle unit sales, which may result in further downward price pressure and adversely
affect our business, prospects, financial condition and operating results.

In addition, the demand for
our vehicles and services will highly depend upon the adoption by consumers of new energy vehicles in general and electric vehicles in
particular. The market for new energy vehicles is still rapidly evolving, characterized by rapidly changing technologies, price and other
competition, evolving government regulation and industry standards and changing consumer demands and behaviors.

Other factors that may influence
the adoption of new energy vehicles, and specifically electric vehicles, include:

●perceptions about electric vehicle quality, safety, design,
performance and cost, especially if adverse events or accidents occur that are linked to the quality or safety of electric vehicles,
whether or not such vehicles are produced by us or other companies;

●perceptions about vehicle safety in general;

●the limited range over which electric vehicles may be driven
on a single battery charge and the speed at which batteries can be recharged;

●the decline of an electric vehicle’s range resulting
from deterioration over time in the battery’s ability to hold a charge;

●the availability of service for electric vehicles;

●the environmental consciousness of consumers