HK Stock Market Move | YADEA (01585) surges more than 5% again, cost of oil motorcycles usage sharply increases, electric motorcycles penetration rate in Southeast Asia expected to reach turning point.

YADEA (01585) rose by more than 5%, up 3.3% as of press time, at HK$12.4, with a turnover of HK$171 million. On the news front, it was reported that the increasing cost of traditional fuel motorcycles in Southeast Asia due to escalating conflicts in the Middle East has led to explosive growth in demand for electric motorcycles in the region. It is reported that electric motorcycle sales in Hanoi and Ho Chi Minh City have significantly increased, and some brands have also lowered their prices. According to a research report released by CICC, most countries in Southeast Asia have introduced policies to support the transition of motorcycles to electric, with clear goals for electrification and support for the improvement of supporting facilities. The selling prices of electric motorcycles are now comparable to those of similar-displacement fuel motorcycles. The rising fuel prices are expected to further strengthen the economic advantages of using electric motorcycles. With coordinated efforts in products, infrastructure, and channels, we are optimistic about the turning point in the penetration rate of electric motorcycles in developing countries and regions such as Southeast Asia. Yadea and Aima have already laid out production capacity in the Southeast Asian market, and Yadea's overseas electric motorcycle sales are leading domestic manufacturers. We expect them to benefit first.