Ann: Vmoto's 1Q23 Market Update, page-43

Re competitors performance.

Yadea Global e-scooters sales:

Yadea is the global leader in electric two-wheelers industry following an impressive growth during the 2017-2022 period, The electric scooter sales grew up from 2 million in 2017 to over 6 million in 2022, representing near 60% of global market share!

During the 2023, the e-scooter volume declined, first time after 7 years, and sharply. ?? couldn't find any numbers.

VMTs 8% drop is not too sharply with KDP's still not reported.


Yedea 2m to 6m in 5 years

VMT 11K to 37K in 4 years.

Crazy market. Sales drop 8 % SP drops 25%

Last years profit was hit with a $4m bad debt provision.

An 8% drop in sales if it carries on for the whole year wouldn't reduce an underlying profit of $14m by anything like $4m .