Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 184

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 184
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Item 1A. Risk Factors

An investment in our common stock involves
a high degree of risk. You should carefully consider the risks and uncertainties described below, together with all of the other information
in this annual report, including “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”
and our consolidated financial statements and related notes before making a decision to invest in our common stock. Our business, operating
results, financial condition, or prospects could be materially and adversely affected by any of these risks and uncertainties. If any
of these risks actually occurs, the trading price of our common stock could decline and you might lose all or part of your investment.
Our business, operating results, financial performance, or prospects could also be harmed by risks and uncertainties not currently known
to us or that we currently do not believe are material.

14

Summary of Risk Factors

Risks Related to the Company’s Business,
Operations, and Industry 

●We may not meet our growing production and delivery plans, which could harm our business.

●We rely heavily on a few key vendors in China for vehicle components.

●Trade tensions, especially between the U.S. and China, may negatively impact our operations.

●We depend on third parties for quality control on China-sourced parts.

●Our ability to produce vehicles at scale and with consistent quality is unproven.

●Supply chain changes may increase costs and hurt our financial performance.

●Rising material costs or shortages, including from global conflicts, could disrupt production.

●Our vehicles may not meet customer expectations.

●Growth depends on consumer adoption of electric vehicles (EVs).

●We operate in a complex and evolving regulatory environment.

●We may struggle to control operational costs effectively.

●Weak brand recognition may impact customer acceptance and sales.

●Our limited operating history makes it hard to predict future performance.

●There is substantial doubt about our ability to continue as a going concern.

●Material weaknesses exist in our internal controls over financial reporting.

●We face intense competition in a young and fast-evolving market.

●Product liability claims could significantly harm our financial position.

●We rely on key executives; their loss could impact operations.

●Our management lacks experience running a public company.

●We may face costly and time-consuming intellectual property disputes.

●Inadequate protection of IP could lead to litigation and brand damage.

●Cybersecurity threats could compromise our systems and data.

●We may fail to develop new products or improve existing ones to meet demand.

●Limited experience with