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UBS Group: The domestic two-wheeled vehicle market is growing strongly. Recommended are YADEA and Zhejiang CFMOTO Power.
UBS Group released a Research Report stating that YADEA (01585) and Zhejiang CFMOTO Power (603129.SH) are expected to achieve a compound annual growth rate of 20%-30% in profits from 2025 to 2027, with a projected PE in the range of 15-16 times for 2025. The firm believes that two-wheelers in China, especially electric two-wheelers, present an export growth opportunity. It is anticipated that following localized production in 2026, exports of electric two-wheelers will accelerate, likely leading to a revaluation. Reiterating a 'Buy' rating, the target price for YADEA is set at HKD 15.46, and for Zhejiang CFMOTO Power, the target price is set at CNY 182.9. UBS Group's main points are as follows: UBS
The founder of Ninebot Company revealed that Zhui Mi has entered the electric motorcycle market, to which Zhui Mi responded: There are no related plans.
Sina Technology reported on March 19 that recently, Wang Ye, the founder and CEO of Ninebot, shared a photo on social media, claiming to have been approached by a suspected HR representative, and revealed that the team for the electric motor product line at Chasing Technology is currently being built. According to the screenshot, the other party consulted Wang Ye, stating that the electric motor product line at Chasing Technology is forming a team and urgently needs experienced personnel from the industry to join, as it is a key development business supported by the group with significant resource investment. Joining now can lead to substantial resources being offered. Regarding this information, Sina Technology sought confirmation from Chasing Technology, who stated that there are no relevant plans for electric motors. (Zhang Ao)
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