Electric Scooters Grow Popular in China
January 24th, 2010
I came across this news about Electric scooters and thought that they would be great for Pakistan and India. Electric cars may grab headlines in international media, but in China electric scooters, bikes, and other two- and three-wheeled vehicles are big business, and could make a significant dent in the country’s emissions. VentureWire reports exclusively on a $9 million investment by Cybernaut (China) Investment in a Wuyi, China-based light vehicle and scooter manufacturer.
“It’s a segment that’s growing much faster than other electric vehicles,” Min Li, a Hong Kong-based analyst with Yuanta Securities, tells VentureWire. “This already is the first consumer adoption of the EV concept in China.”