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Quotes are in
We received a mix of quotes ranging from the $50-70k range. This is roughly 15% higher than our previous quotes. This increase is due to rapid inflation of raw materials and manufacturing services.
Production Samples & Negotiation
We're in the process of getting production samples from different factories and negotiating prices down. Our internal targets are 30-40% lower than the quoted prices (~$35k). Negotiations are ongoing, and we hope to reach an agreement with supplies in the coming weeks, and begin the production run.
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We understand that our current progress has been slower than we planned in the July update. I want to emphasize that, because this batch is running in a loss, we are doing our best to move forward while handling the financial burden that Batch 2 carries for us.