The bike's mechanical components are made in Taiwan; the steel frame and fork in mainland China. Manufacturing has been entrusted to a specialist factory in Shanghai, where the founders are confident they will get a high quality product.
Nowhere in the article does it say how much it costs. People certainly appear willing to pay whatever it is as they're selling pretty good. Here's a series of stories, pix, and video @ YERKA - The Unstealable Bike Indiegogo