Yadea electric vehicles to expand business in overseas markets

Yadea Technology Group Co Ltd, a major manufacturer of two-wheeled electric vehicles, or EVs, in China, plans to grow its global sales by adding new stores, plants and distributors in overseas markets over the next three years. The company is keen to further expand its global presence.

Many opportunities come from a number of countries such as Germany, the Netherlands, Italy, South Korea, India and Indonesia, where there is an ongoing effort to cut energy use and pollution, and pursue sustainable development. Environmentally friendly EVs are a decent option for them, said Dong Jinggui, chairman of Wuxi-based Yadea.

Among them, European countries are actively slashing energy consumption and emissions in accordance with the Paris Agreement and the Energy Roadmap 2050. This offers Chinese manufacturers growth momentum for promoting electric bikes and new energy transportation across Europe.