Yadea in 2020 boomed again thanks to the wide product line up, high production capacity, huge increase of Chinese point of sales and international activities. With 5.6 million sales Yadea is the largest e-scooter manufacturer in the World and the second motorcycles manufacturer, behind Honda.
Yadea Global e-scooters sales
Yadea is the global largest electric two wheeler firm and is one of the fastest growing.
In the recent years the company invested hugely on R&D creating a wide range of e-scooter. When in April 2019, the Chinese government increased the standard requirements for electric scooter aiming to increase safety and emission, Yadea deeply improved its competitive positioning towards all other low-cost/low-tech producers and in the following months sales boomed.
In the 2019 sales hit the record of 3.8 million electric scooters (plus 2.1 million electric bicycles), doubling volumes in only 5 years and becoming one of the largest motorcycles firm in China and in the World (considering both EVs and ICE engines).
The covid19 virus, further accelerated Yadea’s product demand in the 2020 although the Chinese plants suffered over 1 month of short production in the Q1.
The distribution channel expansion (in 2020 over new 5.000 points of sales opened) a huge product line up) and high production capacity allowed Yadea to match the market demand with an astonishing 2020 performance in China.
Outside China, the growth is strong as well, but in absolute terms is negligible compared with China
In the 2020, Yadea sold 5.578.973 e-scooter (plus a similar amount of e-bicycles) not only confirming the rule of top global e-scooter manufacturer but becoming the second largest motorcycles company in the World, behind Honda and ahead of Hero Motor.
Yadea Company Assessment
Founded in 2001 and headquartered in Shanghai, Yadea Group Holdings Ltd. is manufacturer of electric two-wheeled vehicles (electric scooters and electric bicycles).
Over the course of 20 years, it has successfully established “Yadea” as a premium brand of electric two-wheeled vehicles in the China and in several countries worldwide.
The Group has four Chinese production facilities located in Wuxi, Tianjin, Cixi and Qingyuan, with over 6 million vehicles production capacity and over 3,000 employees, plus a new plant, opened at the fall of 2019 in Vietnam with a current 200.000 units capacity and plan to expand at 500.000 by 2022.
Yadea also has a strong research and development team based in Shanghai and Wuxi with 340 research and development professionals with various product design background for electric two-wheeled vehicles.
In China, Yadea distributes almost in every administrative region through 3.000 distributors and over 17,000 points of sales as at 31 December 2020. The Group also had export sales to over 80 countries through its international distribution network.
The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited on 19 May 2016.
In China, Yadea is very active on line and in the 2019 was able to sell over 173.000 electric vehicles (including bicycles) through various e-commerce platforms such as Tmall, JD.com, Pinduoduo and Suning.