Over the course of the past week Alternet Systems Inc (OTCMKTS:ALYI) has come to the attention of plenty of investors due to its work with regards to electric motorcycles and that can be seen from the price action in the ALYI stock as well.
During the period, ALYI has made a strong move and managed to clock gains of as much as 8% as investors flocked to the stock. On Wednesday, the stock was in focus against after ALYI announced that it is planning for an electric vehicle charging solutions in relation to the electric motorcycle pilot that has already commenced in Africa.
The current President of the United States Joe Biden has been vocal in his support for electric vehicles but most experts believe that comprehensive vehicle charging networks are necessary for the whole thing to work meaningfully. In that context, it should be noted that ALYI is not only trying to build electric vehicles but the company is trying to create an electric vehicle ecosystem.
The creation of an ecosystem is expected to make the company an important player in the industry and hence, it may one of the major reasons behind the optimism among investors for the ALYI stock.