Yadea Group Holdings, a world-leading electric scooter and moped manufacturer, has announced its first-half results for 2022. The Chinese Group’s revenue expanded by 13.5 percent year-on-year to reach 14.051 billion yuan (£1.76 billion/$ 2.04 billion/€2.04 billion), showing that electric mobility sector is continuing to grow.
Yadea Group is a high-end electric two-wheeler manufacturer integrating the development, production and sales of electric bikes, mopeds, motorcycles and kick scooters and their accessories.
Electric two-wheelers are extremely important within the embolity space. For example, in 2020 China produced a total of 33.9 million electric two-wheelers. Ebikes are also an important and affordable form of electric transport. Last year in Europe over double the number of ebikes were sold compared to electric cars.
The electric two-wheeler market is huge. It is expected to record a valuation of $100 billion by 2030, according to the most recent study by Global Market Insights Inc.
Yadea’s vision is to create world-leading electric vehicle (EV) solutions by building innovative technologies that meet and exceed international standards for safety and quality. It is also devoted to creating a new generation of green travel lifestyle products and leading the electric two-wheeled vehicle industry development.
Net profit attributable to the parent company also rose 52.6 percent year-on-year to hit 900 million yuan (£112 million/$ 130/€129.9) as Yadea maintained a strong leading position in the industry.
The company attributed the growth to continuous investments in research and development that are driving industrial changes through scientific and technological breakthroughs. Yadea’s research and development investment for the first half of the year increased 49 percent year-on-year.
The scooter giant currently operates two China National Accreditation Service laboratories, six research and development centres and one national industrial design centre. It employs over 1,000 research and development staff and has over 1,350 patents registered to date.
The company’s key scientific and technological breakthroughs included Yadea’s first TTFAR graphene-based battery technology. Featuring 36 core patents, the power cell has reached its fourth generation following rapid iteration. Corresponding cumulative sales exceeded 45 million units.
Another landmark advancement was the company’s TTFAR carbon fibre 2.0 lithium battery. This is an industry first and the largest-capacity lithium battery since the introduction of new national standards for power cells.
Sales of Yadea graphene and lithium products for car models and other new energy technology products have grown considerably to comprise 55 percent of total sales.
Yadea’s products are now available in 100 countries and regions around the globe. The company’s export volume for electric vehicles expanded an impressive 104 percent year-on-year in the first half. This cemented the company’s position as the world’s largest two-wheeled electric vehicle brand.
The company continues to expand internationally in response to overseas demand for products and launched a full product range in Spain in June. The firm runs some 12,000 locations globally, racking up more than 60 million users.
The company is to continue accelerating its globalisation strategy by establishing overseas research and development centres, factories and distribution networks while considering mergers and acquisitions.
Yadea benefited significantly from its optimised and expanded product structure in the first half of 2022, leveraging cutting-edge technology to create differentiated high-end products.
Yadea remained staunchly committed to user-centric cutting-edge technology amid global economic uncertainty and fluctuations. Yadea’s formidable capabilities in technological prowess and product strength will help the brand maintain high-quality growth going forward.
