That price point does reflect the component group on it.
the fact that the Front Fork is low end and if you ride it on/in the mountains you will need be buying a better fork in a short amount of time, then look at the rear shock what is the life expectancy on that ? How much will you now be paying for a quality rear shock ?
So how much will you be spending on a New Front Fork and Rear Shock shortly ?
If you do ride it on the street only ...then the front fork would work well enough, the rear is questionable until there are reviews on it.
Looks to be a good price ... if you only ride it on the street or a place like Florida with mostly sandy trails with not much rocks , and if you could buy one at a time, and if the shipping would be $ 100 or less.
You do realize they state that you need to buy at least 5 at a time ?
Report Back when you find the shipping costs.
When you add up the costs , are you intending to sell the other 4 with a mark up in price ?
will others think the total price is worth it , looking at the components and what they can buy from the Big Bike Companies , especially if they can buy a last years model at a discount , or a used brand name e-bike at a lower price ?
If you can find 4 friends to buy with you , and you ride mostly on the streets, and/or easy trails and at Not at high speeds , this bike looks to be a very good deal . ( depending on shipping costs )