From the press conference at Proday 2024"As a leading global...

From the press conference at Proday 2024

"As a leading global brand in electric two-wheelers for urban mobility, Vmoto boasts a global distribution network with 70 international distributors and over 2,000 dealers in more than 90 countries, which is continuously growing with plans to enter new markets such as India and the United States soon...Vmoto’s growth is underlined by the construction of a new factory in Thailand, scheduled to open by the end of 2024. A new building is also planned in Lishui, China."

So it seems Vmoto is aiming at selling in excess of half a million electric vehicles in the near term, hence the building up capacity. The Thailand factory is understood to be not a JV and potentially not just an assembly of KND down kits. India and USA can be served by Thai produced bikes and the China tariffs are no longer an obstacle.

https://www.ruetir.com/2024/07/19/moto-news-vmoto-presents-the-super-fast-charging-battery-that-will-complete-the-offer-in-the-range/