I think its a solid market segment but the price to earning has gotten away from itself. I live in Taipei and the electric scooters business is going bananas here. Its going to be hard to compete with gogoro, its a far superior machine and taking the market share by storm. Vmoto needs to introduce the swap out battery system to have a chance. Every man and his dog rides a gogoro in taipei now cos there is a battery swap station on every block and the bikes are ridiculously good to ride.
I think its a solid market segment but the price to earning has...
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