Intense Market Competition: Fly-E Group operates in a highly competitive electric vehicle market, particularly for e-bicycles and e-motorcycles, facing pressure on pricing and market share from numerous domestic and international rivals.

Supply Chain Dependencies: The company is reliant on third-party suppliers for critical components, especially batteries, microcontrollers, and other electronic parts, making it susceptible to shortages, price volatility, and quality control challenges.

Regulatory and Compliance Risks: Fly-E's products are subject to diverse and evolving safety, environmental, and import/export regulations across different jurisdictions, requiring continuous adaptation and potentially incurring significant compliance costs.