Why Electric Vehicle Manufacturer AYRO Shares Are Rising Today

This represents the first Government order since AYRO entered into low-rate initial production, passed California Air Resources Board confirmatory testing, and completed all applicable homologation requirements in the United States and Canada, the company said in a release.

"We believe that these vehicles can be deployed on the embassy compound for a plurality of uses and charge overnight from a standard electrical outlet, requiring no specialized charging infrastructure or the need for noisy generators," noted David Hollingsworth, Interim President of AYRO's Operating Division.

"With $48 million in cash on our balance sheet, we are focused on penetrating this exciting market..," concluded Hollingsworth.

Price Action: AYRO shares are trading higher by 11.630% to $1.92 on the last check Wednesday.

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