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12.0¢ vmoto limited

This reinforces the view that VMoto need to massively increase...

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Rojam

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18/08/22

21:20

Post #: 63199996
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Originally posted by HarkenBanks: ↑

Some big sales numbers globally and some factual basis to the news that e-scooters and e-motorbikes are indeed booming globally, and have been for a while.

Hard one on Soco's China sales ex the JV, all I've been going off is the quarterly sales numbers which I assume refer to the JV only. Subtracting international sales from total VMT Soco, leaves 970 units sold in China for the last quarter. To your question I don't think that includes Super Soco sales ex the JV with Vmoto - but to me it feels like Soco ex the JV is not smashing out the lights in China.

The Super Soco website quotes 35,000 units produced annually by Super Soco, but it looks to include international sales so must by definition include the JV, which suggests not much actually being sold in China ex the JV.

SUPERSOCO

Note the business timeline omits the Vmoto Soco JV, but refers to other JVs - a little sour.

Though, Super Soco have been trying to sell some units in China.
Ev Super Soco CT-3 | EV Goes On Sale In China And Europe Soon (bestelectriccars.co.in)

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This reinforces the view that VMoto need to massively increase output (assuming their dealers have waiting lists for orders). Do they though?

VMT Price at posting: 41.5¢ Sentiment: Hold Disclosure: Held
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