Comparing the current results to its competitors, Arcimoto Inc reported Revenue decrease in the 3 quarter 2023 year on year by -45.15 %, slower than the combined decrease of the FUV's competitors by -50 %, recorded in the same quarter.
Ayro Inc is an American electric vehicle manufacturer that specializes in producing low-speed, light-duty vehicles for various industries and applications. They primarily focus on developing electric vehicles for commercial purposes such as last-mile delivery, hospitality, healthcare, and campus transportation. Ayro's business model revolves around designing and manufacturing affordable, sustainable, and customizable electric vehicles to meet the specific needs of businesses in these sectors.
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