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Levi & Korsinsky Notifies Fly-E Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - FLYE
Prnewswire· 2025-10-01 12:45
Core Viewpoint - Fly-E Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between July 15, 2025, and August 14, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts regarding the safety of its lithium battery, which adversely affected E-vehicle sales revenue [2]. - On August 14, 2025, Fly-E filed a form NT 10-Q, revealing a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2]. - Following this disclosure, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share on August 15, 2025, marking an approximate 87% decline in a single day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until November 10, 2025, to request the Court to appoint them as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-09-25 22:08
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on November 10, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Fly-E securities between July 15, 2025, and August 14, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the November 10, 2025 deadline [2]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in this area [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in terms of settlements since 2013 [3]. Group 3: Case Background - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue, despite optimistic long-term projections [4]. - The decline in sales and increase in operating expenses ultimately led to a failure in meeting revenue projections, resulting in investor damages when the true situation was revealed [4].
Contact Levi & Korsinsky by November 10, 2025 Deadline to Join Class Action Against Fly-E Group, Inc. (FLYE)
Globenewswire· 2025-09-25 20:39
Core Viewpoint - Fly-E Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between July 15, 2025, and August 14, 2025 [1][2] Company Performance - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, which affected E-vehicle sales revenue [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2] - Following this revelation, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share on August 15, 2025, marking an approximate 87% decline in just one day [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request to be appointed as lead plaintiff in the class action [3] - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
ROSEN, LEADING INVESTOR COUNSEL, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-09-22 23:17
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fly-E Group, Inc. securities is from July 15, 2025, to August 14, 2025, inclusive [1]. - Investors who purchased Fly-E securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 10, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has been ranked highly for its number of settlements since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]. Group 3: Case Allegations - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue [4]. - Despite optimistic long-term projections, Fly-E's sales continued to decline, and operating expenses increased, leading to a failure in meeting revenue forecasts [4]. - The lawsuit claims that when the true information became public, investors suffered damages as a result [4].
Class Action Filed Against Fly-E Group, Inc. (FLYE) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-09-22 12:45
Core Viewpoint - Fly-E Group, Inc. is facing a class action lawsuit due to allegations of providing misleading statements regarding the safety of its lithium batteries, which negatively impacted its electric vehicle sales and revenue projections [1]. Summary by Relevant Sections Allegations - The complaint claims that Fly-E Group made overly positive statements while concealing material adverse facts about the safety of its lithium batteries, leading to a significant decline in E-vehicle sales revenue [1]. - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, which was attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [1]. Stock Price Impact - Following the revelation of the financial difficulties, Fly-E's stock price plummeted from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, marking an approximate decline of 87% in just one day [1]. Class Action Details - Shareholders who purchased shares during the class period from July 15, 2025, to August 14, 2025, are encouraged to register for the class action, with a lead plaintiff deadline set for November 10, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2].
ROSEN, A HIGHLY REGARDED LAW FIRM, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-09-19 21:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fly-E Group, Inc. securities is from July 15, 2025, to August 14, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 10, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3]. Group 3: Case Allegations - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted E-vehicle sales revenue [4]. - Despite optimistic long-term projections, Fly-E's sales continued to decline, and operating expenses increased, leading to a failure in meeting revenue forecasts [4]. - The lawsuit claims that when the true details were revealed, investors suffered damages due to the misleading information [4].
FLYE Investors Have Opportunity to Lead Fly-E Group, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-09-16 17:15
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Fly-E Group, Inc. securities, alleging that the company provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue during the class period from July 15, 2025, to August 14, 2025 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Fly-E Group made overwhelmingly positive statements while concealing material adverse facts about its lithium battery safety, leading to a decline in sales and increased operating expenses [5]. - Investors who purchased Fly-E securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must file a motion with the court by November 10, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has recovered hundreds of millions of dollars for investors and has been consistently ranked among the top firms in securities class action settlements [4].
一期40GWh!宁德时代山东东营锂电池项目开建
鑫椤锂电· 2025-07-30 07:59
Core Viewpoint - The article highlights the construction of China's first 100% green electricity connected zero-carbon industrial park in Dongying, Shandong, initiated by CATL, which signifies a significant step towards sustainable energy solutions in the lithium battery industry [1]. Group 1: Project Overview - The Dongying Zero Carbon Industrial Park project is being developed by CATL, with the first phase involving a 40GWh lithium battery green manufacturing base [1]. - The project is expected to be completed and operational by next year, with an anticipated annual output value of 26 billion yuan and tax revenue of 1.2 billion yuan [1]. - The project is projected to create approximately 2,400 jobs, contributing to local employment and economic growth [1].
换电之城 智慧两轮丨600+两轮车换电及电池行业精英7月10-11日共聚鹏城!论道行业发展!
起点锂电· 2025-06-15 08:40
Core Viewpoint - The 2025 Fifth Start Two-Wheeled Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit aims to address the rapid growth of the battery swap market for two-wheeled electric vehicles, driven by policy support, demand for instant delivery, and technological upgrades, while highlighting the need for solutions to challenges such as battery safety and cost optimization [3][4]. Group 1: Event Background and Highlights - The event will feature the authoritative release of the "2025 China Two-Wheeled Vehicle Battery Swap and Battery TOP Rankings and Industry White Paper," covering various rankings including the top 10 electric two-wheeled vehicle manufacturers and battery operators [3]. - The global battery swap market for two-wheeled vehicles is experiencing rapid growth, with Chinese companies poised to capitalize on new opportunities due to their advantages in industry chain integration [3]. - There is an accelerated development of high-safety, high-rate, high-energy density, long-cycle life, and low-cost battery products by upstream and downstream companies [3]. - Emerging applications such as low-altitude flight, mobile electric tools, humanoid/robotic technology, smart homes, and smart energy storage are driving the rapid growth of the lightweight power and small-scale energy storage markets [3]. - AI technology is enhancing the research and optimization of new battery technologies and processes, such as sodium batteries and full-tab cylindrical batteries, in the battery swap sector for two-wheeled vehicles [3]. Group 2: Event Agenda - The conference will include a closed-door meeting for the China New Energy Entrepreneurs Club and a series of specialized forums focusing on topics such as the development trends of electric two-wheeled vehicles, battery technology, and the opportunities and challenges in the battery swap market [5][6]. - Key discussions will cover the application of manganese iron phosphate in two-wheeled vehicles, the new direction of high-safety wide-temperature sodium-ion batteries, and the impact of new national standards on battery technology [6]. Group 3: Participating Companies - Notable participating companies include electric two-wheeled vehicle and battery swap enterprises such as Iron Tower Energy, Meituan, Didi Qingju, and various battery manufacturers like CATL and BYD [7][8]. - The event will also attract companies from the IoT and communication module sectors, battery management system (BMS) providers, and equipment and materials fields, indicating a comprehensive industry representation [8]. Group 4: Registration and Fees - Registration packages are available, with Package A priced at 2888 yuan per person, including one-day hotel accommodation and a copy of the industry white paper, while Package B is priced at 2288 yuan, offering a simplified version of the white paper [9].
换电之城 智慧两轮丨600+两轮车换电及电池行业精英7月10-11共聚鹏城!论道行业发展!
起点锂电· 2025-06-09 10:34
2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 换电之城 智慧两轮 时间: 7月10-11日 地址: 深圳宝安登喜路国际酒店 一、活动背景及亮点 二、活动组织架构 活动名称: 2025第五届起点两轮车换电大会及轻型动力电池技术高峰论坛 起点研究院(SPIR)权威发布《2025中国两轮车换电及电池TOP排行榜及行业白皮书》, 覆盖智能电动两轮车出货量TOP10、两轮车换电运营商TOP10、两轮车电池BMS出货量 TOP5,两轮车换电柜出货量TOP5、中国电动两轮车用锂电池出货量TOP10、中国电动两轮 车用钠电池出货量TOP5等细分权威榜单,为行业树立标杆,为投资及采购决策者提供参 考; 政策支持、即时配送需求及技术升级等主要驱动力影响下,全球两轮车换电市场高速增长, 基于产业链整合优势,中国企业将迎来新一轮布局风口,电池安全、下沉市场覆盖及成本优 化等挑战急需解决; 上下游企业加速研发高安全、高倍率、高能量密度、长循环寿命、低成本、高低温等细分性 能优势电池产品; 海内外轻型动力及中小储能市场高速增长,低空飞行、移动电动工具、人形/智能机器人、 智能家居、智慧储能等热门应用场景进入高速发展期,新 ...