After more research into the EV scooter & motorcycle markets along with the major players I have concluded that the market leader is Yadea. AIMA Technology, Luyuan & Lyneng are also quite large. The sales of EV scooters in China are substantial at several million units annually.

I have found figures for Yadea. FYI Luyuan are supplying to Okinawa the market leader in India with 45% market share. Okinawa appear to be rebadged Luyuan products.

Yadea sales boomed in 2020 increasing 107% YOY due to increased demand in China & they started distributing in over 80 countries.

To give you an idea of sales in China, in 2019 Yadea sold 3.8M EV scooters. They also sold another 2.1M EV bicycles. Volume has doubled in 5 years.

In the first half of 2020 VMT sold 10,510 units whereas Yadea sold a whopping 2.2M EV scooters. That is an annual run rate of 4.4M units.

Yadea have massive factories in several locations in China with capacity for 6M units per annum. A new plant opening in Vietnam will have 200,000 units capacity & they plan to expand to 500,000 by 2022.

In China Yadea had 2,155 distributors & over 12,000 points of sale at the end of 2019. They are listed on HKSE & share price has increased about ten fold during the past 12 months.

With Yadea selling circa 4M EV scooters annually the entire market must be in the order of 10M+ units annually.

Yadea. Following the last year record, 2020 sales boomed +107%

By

MCD Team

-

13 October 2020

1001

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Yadea

Yadea is the World largest producer of electric scooter and motorcycles with over 3.8 million sales in the 2019. In the first half of 2020 sales boomed up 107% thanks to a huge increase of Chinese demand. Meantime they started distributing in over 80 countries.

Yadea Global e-scooters sales

Yadea is the global largest electric two wheeler firm and is one of the fastest growing.

In the recent years the company invested huge amount on R&D creating a wide range of e-scooter. When in April 2019, the Chinese government increased the standard requirements for electric scooter aiming to increase safety and emission, Yadea deeply improved its competitive positioning towards all other low-cost low-tech producers and in the following months sales boomed.

In the 2019 sales hit the record of 3.8 million electric scooters (plus 2.1 million electric bicycles), doubling volumes in only 5 years and becoming one of the largest motorcycles firm in China and in the World (considering both EVs and ICE engines).

The covid19 virus, further accelerated Yadea demand in the 2020 although the Chinese plants suffered over 1 month of short production in the Q1

However, in the first half 2020 sales grew up at 2.2 million e-scooters (electric bicycles not included), up a tremendous 107%.

Yadea Company Assessment

Founded in 2001 and headquartered in Shanghai, Yadea Group Holdings Ltd. is manufacturer of electric two-wheeled vehicles (electric scooters and electric bicycles).

Over the course of 20 years, it has successfully established “Yadea” as a premium brand of electric two-wheeled vehicles in the China and in several countries worldwide.

The Group has four Chinese production facilities located in Wuxi, Tianjin, Cixi and Qingyuan, with over 6 million vehicles production capacity and over 3,000 employees, plus a new plant, opened at the fall of 2019 in Vietnam with a current 200.000 units capacity and plan to expand at 500.000 by 2022.

Yadea also has a strong research and development team based in Shanghai and Wuxi with 340 research and development professionals with various product design background for electric two-wheeled vehicles.

In China, Yadea distributes almost in every administrative region through 2.155 distributors and over 12,000 points of sales as at 31 December 2019. The Group also had export sales to over 80 countries through its international distribution network.

The Company was listed on the Main Board of disallowed of Hong Kong Limited on
19 May 2016

In China, Yadea is very active on line and in the 2019 was able to sell over 173.000 electric vehicles (including bicycles) through various e-commerce platforms such as Tmall, JD.com, Pinduoduo and Suning.