This is an interesting question. The brand is “N+”. The corporation is N Plus Holdings Pty Ltd from Osborne Park, Western Australia.
Prior to the Bronco bike, N+’s only product was the Mercedes-AMG F1 bike, which Mercedes advertises as manufactured in Germany.
That bicycle is actually a licensed version of the Asfalt GT2, which is a Swiss company and manufactured in Switzerland.
This leads to a bunch of questions; would Mercedes be willing to manufacture this new N+ design in Germany for FoMoCo? Who even designed the Bronco bike? Does N+ even have a design team, since their only prior product was a Swiss Asfalt Bicycles design? Does N+ have any manufacturing facilities in Australia, or anywhere else? Would Ford insist on going the cheap route and have this manufactured in China with cheap off the shelf components?
So many questions. So little transparency. To me, it looks like N+ is more of a brand manager, rather than a manufacturer or technology innovator.