HK Stock Market Move | YADEA (01585) Surges Over 6% in Early Trading as Trend of Electric Two-Wheelers Replacing Fuel Motorcycles Accelerates in Southeast Asian Market

YADEA (01585) rose over 6% in early trading. As of press time, it was up 5.14% at HK$8.59, with a turnover of HK$66.2811 million. On the news front, starting from July 2026, Hanoi will pilot time-based restrictions on fuel motorcycles in the central urban area; Indonesia has introduced purchase subsidies for electric motorcycles since June, with plans to advance large-scale electrification conversion of fuel motorcycles. Analysts pointed out that Southeast Asia's fuel motorcycle market has huge room, and against the backdrop of high oil prices, the trend of electric two-wheelers replacing fuel motorcycles is expected to accelerate. Guosen pointed out that YADEA has production bases in Indonesia, Vietnam, and Thailand. In 2026, YADEA's Bac Ninh factory in Vietnam will commence production, with an initial annual capacity of 1 million units, and plans to gradually increase it to over 2 million units; in 2025, the company will build a new factory in Indonesia, which upon completion will have an annual capacity of 3 million units; in addition, the company's production base in Thailand is also gradually commencing production. The company will continue to expand its production scale in Southeast Asia and deepen its sales network. The overseas expansion of electric two-wheelers is expected to become a new growth point for the company.