Traditional Chinese Motorcycle Makers Struggle to Go Electric
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China Visual By Rao Xiangyu and Shaw Wan Beijing, October 31 (TMTPOST) -- As China has been emphasizing green development since 2011, sales of new energy vehicles have been soaring. During the first seven months of this year, their sales volume surpassed three million units, up by 120 percent year over year. Motorcycle makers have also been riding the wave. Zhejiang Cfmoto Power Co.,ltd. (SH603129), a Chinese vehicle producer established in 1989, committed to an intelligent and electric future in September. The company planned to launch four electric motorcycle models next year, taking up around 50 percent of its product lines. “As green development becomes a mainstream theme around the world, for the motorcycle market, going electric is an important trend,” said a manager with BMW m
