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.
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.