Fly-E Group Inc stock drops amid safety allegations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 03 Dec 25
Source: stocktwits
Fly-E Group Inc's stock fell by 14.59% and crossed down the 5-day SMA, reflecting investor concerns over safety issues related to its lithium-battery technology.
Recent investigations have raised allegations that Fly-E downplayed significant safety concerns, which has led to a decline in investor confidence and a notable drop in stock price.
This situation highlights the importance of transparency in technology companies, especially those involved in high-stakes industries like battery production, where safety is paramount.
Analyst Views on FLYE
About FLYE
Fly-E Group, Inc. is an electric vehicle (EV) company, which is engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. The Company has approximately 36 stores, including 35 retail stores in the United States and one retail store in Canada. The Company offers rental services from selected locations in New York and Los Angeles. It also sells its products through its online store at flyebike.com. The Company offers 25 E-motorcycle products, 28 E-bike products and 37 E-scooter products. It has a diversified product portfolio that is designed to satisfy the various demands of its customers and address different urban travel scenarios. The Company has produced approximately 3,842 E-motorcycles, 5,713 E-bikes and 1,480 E-scooters. It sources vehicle components from China and the United States and then assembles them into its vehicles in a facility located in Maspeth, New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
